Posts Tagged ‘online gambling fraud’

The Basic Things you Should Know About Fraud at Online Casinos

Sunday, June 20th, 2010

Why you should never auto-save your online casino password; Graphic by Lethalman

Why you should never auto-save your login password; Credit:Lethalman

For those people who still don’t trust in the act of making financial transactions over the internet, I have to admit, I can’t entirely blame them. Of course, there are fail-proof ways of securely keeping your money safe on the Web.

Take online banking, for example. Do you really think that banks would dare allow account holders online access if there was even the slightest probability of being hacked? Now, what you do with your money outside of your bank is another matter altogether. And yes, that’s where the fraud that does take place online, well…takes place.

As for online casinos, yes, cases of fraud have occurred.  However, that doesn’t necessarily mean that all online casinos pose the possibility of you becoming a victim of fraud. For the sake of this article, I won’t go into great detail about the technological implications in preventing fraud, albeit I will say that all of the online casinos approved and reviewed here at Online Casino Suite use the same technology that the leading financial institutions use to secure and protect the accounts of their customers. Furthermore, the best online casinos have a full-time fraud prevention and detection team, solely working to ensure all transactions are legitimate.

This is precisely why you must fill out a credit/withdrawal faxback authorization form before requesting your first withdrawal at an online casino. Management does not use this information to pull money out your account or sell you personal information, but simply uses it as a proven, effective system to ensure you are indeed the person you say that you are, and consequently, that the money you are requesting to withdrawal is indeed yours!

So, next time you find yourself incurring a slight delay on a withdrawal, don’t automatically assume the online casino is trying to jip you. Depending on your residential jurisdiction, the approval process can take longer than expected. Just know that if you stick to playing at reputable, accredited online casinos, you have nothing to worry.

Of course, you can’t just go around anywhere on the internet giving out your credit card number. As I said, online fraud does indeed take place. Just because an online casino says it is safe and secure and processed billions in transactions, does not mean it’s true. Always verify that the online casino in question is indeed regulated and undergoes audits on a regular basis. Even better, ensure the casino is licensing a reputable software platform that uses Secure Socket Layer (SSL) firewalls to protect your personal information and processes transactions with a minimum of 128-bit encryption.