Last updated on March 14th, 2022 at 04:51 pm
With the big rise of gambling fraud cases reported globally by large businesses, a new program is launching to tackle this particular problem. The gambling industry has been the primary target for con artists to exploit and cheat companies out of millions if not billions in recent times. The advancements have largely assisted online frauds and related scenarios in deep fake technology in 2022.
What is deep fake? Well, if you are familiar with social media app filters, then you will understand it better than the general public. It is a digital tool that allows an individual to apply a filter of someone else’s face in order to seamlessly mimic their face and facial expressions. This has been successfully used by hackers in video calls to steal large sums of money from big corporations by pretending to be top-level executives.
What is fraud.com?
Fraud.com consists of three key systems that work together against gambling fraud. The purpose is to reduce criminal activities through detection and prevention functions. The platform consists of Udentify, aiReflex, and fcase as its building blocks that each offer a unique function. Udentify is a program that integrates artificial intelligence in order to identify and verify people’s identity. Whereas aiReflex is a fraud prevention system that can help businesses recognize and detect fraudulent activities in any scenario. On the other hand, fcase is essentially a common ground for the other two programs that coexist in a singular platform.
On average, a single person has about 20 different passwords for various sites. This leads to many complications as most people choose one single password for everything. This is why Udentify focuses on facial as well as biometric recognition. This is because each of us has our own unique biometrics that can be difficult to mimic. Along with facial biometrics, Udentify has also incorporated liveliness detection to further strengthen the verification process.
- Eliminates the requirement of using passwords by simply using Face ID that is quick and easy.
- Easier process when it comes to biometric use for voting
- Usefor authentication purposes when checking in for flights and hotels
- Verify your age for websites or a service
Importance of Fcase
In many cases, organizations lack coherence when it comes to centralized platforms that bring together important functions at one place. Large quantities of data are usually scattered around that disallows harmonious workings between departments. Fcase exists to address this dilemma by acting as a central hub interconnecting the enterprise to efficiently detect and prevent as well as ensure the safest and most reliable customer experience.
However, it is unfortunate but safe to say that online gambling fraud and criminal activities are going to increase in the future. As technology advances and improves safety measures, it also assists the corrupted with malicious intentions. That is why a website such as fraud.com is growing with importance for not online banking and government authorities, but also private businesses.
Don’t miss out on our article with successful tips for Safe Gambling.