Gaming Fraud Verification: Using Identity Verification to Prohibit Fraud

 

Video games and eSports are two of the world’s largest expanding industries. While it was once considered a byproduct of sports culture, it has now emerged as a packed marketplace with over 2.7 billion players. According to the Global Games Market research, $159.3 billion US Dollars were depleted in gaming in 2020, with the market predicted to exceed $200 billion by 2023.

To ensure online gaming safety and in order to keep enjoying the love of the game. Let us talk about how gaming compliance can help instill a less harmful and more diversified gaming experience.

Fraud in Gaming Verification and eSports

As the gaming industry expands, so does the amount of fraud. Financial fraud is becoming a growing concern for online gamers. With many games incorporating paid subscriptions and in-app purchases, scammers, fraudsters, and spammers have more possibilities than ever to exploit gamers. Indeed, one in every five gamers has been a target of fraudulent transactions in popular games. That’s the reason why online gaming safety has become a need of the hour.

Then there’s the possibility of becoming a scamming victim. While 37% of gamers admitted to fraud and cheating, an entire new sub-economy inside the video game industry has begun to emerge. Those who want to defraud can buy a variety of digital equipment to circumvent game rules, as well as reconfigure code to get access to special features.

In accordance with an article by The Fintech Times, with the CTO of Mitek, Steve Ritter, the motivation to defraud in eSports and gaming is quite substantial. Cheating motivations can vary from winning large competitions and wealth to gaining fame and growing the number of followers. While it may appear to be benign, fraud creates a negative gaming experience.

Fraud not only sucks the life out of the game, but it can also result in terrible user experiences. If the game starts feeling flawed or toxic as a result of massive cheating, players may abandon it before the game company can generate a consistent profit.

Because many games are linked to unconfirmed identification, like emails, the penalties for fraud are even significantly smaller. So, what are the most efficient approaches in order to know your player? Identity verification. 

How does Identity Verification in Gaming work?

Identity verification enables businesses to onboard customers using more information than just providing an email account. Biometric technology employs AI technology to validate the authenticity of the person being onboarded.

This generally refers to face recognition software, but it can also refer to fingerprint identification and other biometric identification techniques. Using this kind of confirmation adds an extra layer of protection to the channel while also amplifying the adverse implications of intended fraud and scamming. 

Moreover, biometric technology increases the risk of demographic prejudices and raises ethical problems about biometrics. So, how can businesses reduce gender and race partiality in facial recognition systems?

Biometric and Gender Biasness

of deception. Meanwhile, it is critical that the onboarding program minimizes bias, especially when the gaming world is composed of a diverse range of people.

Whenever an automated system fails to identify various demographics fairly and squarely. It is said to have a computational bias in face recognition software. Consequently, specific groups of people are favored or deprived. As mentioned in Steve Ritter’s Biometrics, Fairness, and Inclusion instruction, demographically biased face recognition software frequently downsides African Americans, minorities, women, and younger people.

For a very long time, white males monopolized the gaming market, although there is an evident demographic change in the increasing number of gamers who are women and/or racial minorities, so customer demographic information within machine learning must be mirrored. As a consequence, it’s more essential than ever for video game companies to take priority fully acknowledging and eradicating race-based and gender-based face detection computation bias in their service and products, as well as the market as a whole.

Unintended institutional racism is one of the many ramifications of systemic racism in facial recognition. For instance, because machine learning software is unable to record the identity validation biometric information. Then, face detection could reject user logins due to gender or color of skin.

Prevention

Adopting document verification software is one of the most effective methods to minimize racial bias in face recognition. Customers must authenticate their accounts by submitting a private photo as well as photos of their ID Card issued by the government, in this form of onboarding.

Final Thoughts

As the business is expanding and the motivation to deceive grows. Game services have an ethical obligation to tighten up their identity authentication processes.

While authentication systems help lower the risk of scams and deception. The gaming sector’s customer demographic change draws biometric principles to the frontline of the discussion.

Companies can minimize gender and racial bias in onboarding by adopting document-based identity services. It will not only allow customers to have an improved gameplay experience irrespective of sex or racial group. But gaming companies will benefit from a huge, diverse gaming world.

Also read: Computer games can help couples

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