Meta Description: Gaming developers need to comprehend methods that can help fight fraudsters by operating games in accordance with gaming compliance by securing the users.
New technologies in the gaming sector have opened opportunities for market developers to gain profits in effective ways. Online in-game purchases, new payment options, and emerging games have made the gaming platform vulnerable to cybercriminals to some extent. While pirated games and unlicensed copies of the games were considered to be illicit crimes in the past, now all these crimes have seen an advancement prevailing in the virtual gaming world. Hacking the player’s account and using it to carry out illegal harms of providing funds to terrorist organizations or exploiting the reputation of someone in the social circle etc. Not only this, due to the rise of anonymity used massively in games now, fraudsters hide their real identity to perform these criminalities. Market developers should stimulate their games according to gaming compliance for making the online gaming experience secure for customers.
The Prevalence of Online Gaming during Covid-19
Modern gaming has gained immense popularity in recent times. One of the reasons for its popularity is due to the crisis of Covid-19. As people were restricted to remaining indoors, the only source of entertainment for them was to enjoy some time while playing games. This gave them the opportunity of connecting with their friends online as they were unable to do so physically. Remote gaming caused the rise of fraudulent activities which provided damage to both the gaming businesses as well as the players. The virtual onboarding process has given the chance to gaming companies to look forward to enabling gaming verification as a solution to combat scammers before any harmful activity is carried out.
The Deceiving Techniques of Cybercriminals
Tricking the players by using wrongful techniques which can disrupt their gaming experience can range from implying money laundering activities to account takeovers etc. The in-game purchases can lead the players to dangers. Virtual reality games and role-playing-multiplayer games allow the gamers to buy and sell in-game products such as the artifacts of swords, extra in-game cash, and much more by using real money submitted through cryptocurrencies or government-issued fiat currency. This is a tactic of fraudsters to mislead the players into downloading a free game that provides limited features until the paid version is bought.
The Standard Procedure used to Conduct Gaming Scams
Installing malicious malware, bullying someone online, sending phishing emails, and many more scamming tricks are used to fool people out but there is a common process that all of these cybercriminals utilize for spoofing identities. The procedure is listed below:
- Finding access to the user’s account: the scammer finds illegal ways to invade the gaming profile of a user either by hacking it or by following the customer to provide the personal information of the account to them.
- Making wrongful changes to the gaming account: Once the fraudsters get access to the victim’s account, they can perform illicit changes to it according to their own desires. By changing the password, customers are unable to access their accounts anymore.
- Performing numerous illegal transactions: By utilizing the credit card information of the user, they can carry out multiple unlawful transactions. They can use the money to support any corrupt activity.
The Need To Age-Restrict the Minors
With minors getting addicted to remote gaming in the recent year of the Covid-19 epidemic, this has raised major concerns for gaming businesses in the aspect of age-restricting them. Protecting children from getting exposed to illicit content and from buying age-restricted products, age verification in gaming needs to be implied. The previous age gates have become ineffective in the digital world as minors can easily bypass them by ticking the box asking for a legal age or inserting fake information about their age. Exposure to the violent content used in action simulation games can negatively impact the minds of minors. It is essential to check the identity of the minors before they are digitally onboarded on the games.
Fighting Gaming Frauds With KYC
A solution to fight fraudulent activities and eliminate them for making the gaming experience of the users safe, it is critical for the games to implement the online gaming verification with KYC. This will help the gaming developers to evaluate the identities of the players before onboarding them. The digital process makes the onboarding smoother and quick in time. This feature will improve the customer experience by keeping them satisfied.
Wrapping it Up
The demand to execute gaming solutions that are in accordance with gaming compliance has become a necessity for businesses to battle out fraudsters in real-time. Online gaming has increased the chances of vulnerability as scammers have devised ways of attacking the victim’s gaming account to perform illicit tasks. Furthermore, minors are at risk of getting scammed if they are not prohibited from using any age-restricted sites and products. Hence, an online gaming verification with KYC can act as a prime solution to deal with these problems arising in the online world at a fast pace.
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