Sumsub has created a tool to aid online gambling operators in calculating fraud-related losses for the up-and-coming 2022 World Cup in Qatar.
The new system aims to ensure operators can manage the increased traffic expected during the month-long tournament, giving platforms another defence against online scammers and cyber criminals.
For the event, Sumsub has warned that online activity could top 400% in increased traffic – which will come with a significant increase in fraud, too.
Jacob Sever, Co-founder and Chief of Compliance at Sumsub, said of its newest tool: “As an identity verification and KYC/AML compliance provider, we’ve noticed increased fraud and regulatory violations in the gaming industry, and alarming losses connected to this. We know how important it is to quickly onboard customers, but we also understand that you need to be as compliant as possible to avoid fines.