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Online Gaming Fraud In Europe Up 60% From Last Year

Mben

No Deposit Forum Administrator
Staff member
Online fraud detection company Iovation reports that in Q1-2012 the rate of fraudulent online transactions it stopped in Europe is 60 percent greater today than a year ago.The rates compared look at transactions for the first quarter of 2011 compared to the first quarter of 2012.The top three European countries for online fraud this past year included Romania, Lithuania and Croatia, the company reveals. While fraudulent activity was stopped by its Reputation Manager 360 software in many industries within these countries, the top types of fraud were:* Main Romanian fraud was online dating scams and solicitations;* Lithuania led with online gambling fraud, with dating scams coming in a close second and;* Croatia had the highest number of eCommerce fraudulent transactions, relating to the use of stolen credit cards to purchase online retail goods and services.<a href="http://www.casinomeister.com/news/may2012/online_casino_news1/ONLINE-FRAUD-RATE-UP-SIXTY-PERCENT-IN-EUROPE.php" >source</a> 
 

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