Fighting Cybercrime

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In today’s hyper-competitive sports betting market, operators face a sophisticated new opponent. Organized cybercrime networks are using stolen credentials, AI-deepfake IDs and advanced manipulation tactics to bypass KYC, simulate game play and drain funds, with advanced fraud attacks increasing sevenfold in 2024 alone.

Left unchecked, these attacks can lead to potential seven-figure monthly losses. Yet, adding more friction to stop fraud only drives away legitimate players. The challenge is to fight fraud with the nuance and precision required to protect the good player experience.

RiskGuard is GeoComply’s advanced solution that achieves this balance. It stops the most sophisticated fraud attacks with industry-leading speed and precision, at a verified near-zero false positive rate as low as 0.1%. Legitimate fans play on—uninterrupted and protected—while operators safeguard revenue and platform integrity.

RiskGuard integrates checks at every key point of the player journey—from login and deposit to wager and withdrawal—analyzing a unique combination of rich location, device and behavioral signals. Machine-learning models trained on over 2 billion monthly transactions detect suspicious patterns and trigger an automated response based on the operator’s risk appetite, from a simple flag to an instant block.

The real-world impact is proven. When a fast-growing operator faced a multimillion-dollar cyberattack originating from Russia, RiskGuard blocked 96 percent of spoofers before they could withdraw funds, saving over $5 million in potential losses within just two months.

By utilizing a decisive signal, RiskGuard proves that robust security and a frictionless player experience can coexist, helping operators stay ahead of fraud and focus on growth.

GeoComply provides advanced anti-fraud and geolocation compliance technologies that detect location fraud and help verify a user’s true digital identity. Trusted by leading brands and regulators for more than a decade, GeoComply’s solutions are installed on over 200 million devices and analyze more than 2 billion transactions every month, protecting operators globally.

For more information, visit geocomply.com. By utilizing a decisive signal, RiskGuard proves that robust security and a frictionless player experience can coexist, helping operators stay ahead of fraud and focus on growth.

GeoComply provides advanced anti-fraud and geolocation compliance technologies that detect location fraud and help verify a user’s true digital identity. Trusted by leading brands and regulators for more than a decade, GeoComply’s solutions are installed on over 200 million devices and analyze over 2 billion transactions every month, protecting operators globally.

For more information, visit geocomply.com.