It is predicted that the iGaming industry will become a massive $93 billion industry in 2023. Cybercriminals and hackers alike constantly attack online casinos because there is that much money to gain. That’s why some of the best service providers in cybersecurity are at the forefront of protecting online casinos.
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Hackers use increasingly advanced tools and techniques to break down security protocols. With this rise in risk, we were curious to learn how online casinos protect themselves and their patrons.
Facing Multiple Threats all the Time
Few players and gamblers may know this, but while playing your favorite slot game, some excellent software keeps you safe. Online casinos are constantly facing multiple threats and risks, and it is an ongoing battle to minimize those risks.
Some of the most common attacks on iGaming establishments come from unscrupulous players and ideological organizations.
Hashing Random Number Generators
The most common cyberattacks are hashing random number generators. These tools help hackers increase their odds in slot games. This unfair advantage gives them better odds and bigger payouts.
Denial of Service Attacks
DDoS, or denial of service attacks, often originate from ideological groups that try to take down the online casino. They frequently view online gambling as immoral and will stop at nothing to take websites offline.
Some groups that are less concerned with ideology and morality will even hold the casino ransom. They demand to be paid before they will allow the casino to operate normally again.
Customer Data Breaches
Online casinos hold valuable customer data. The lure of obtaining this data is a golden dream for many hackers and cybercriminals. With data breaches, they can clone identities, get access to credit cards, and so much more.
The Latest Attacks Require the Latest Defenses
Online gambling establishments must constantly improve their security to stay ahead of hackers and criminals. Here are a few ways they achieve this.
Tried and Tested: SSL Encryption
SSL encryption is one of the best, most-used security methods. This cybersecurity technology scrambles and encrypts any communication between a user and the website that they visit.
Intercepting this communication will just leave the hackers with a garbled, useless mess of letters and symbols.
Embracing the Future: Machine Learning
The latest development in cybersecurity is the use of machine learning. Machine learning is an artificial intelligence trained to recognize irregularities. This computer program will either report or stop them as soon as they are detected.
This security method is far faster than having an army of data analysts sifting through terabytes of data every day.
Are Gambling Sites Safe from Hackers?
Any online gambling operation has a lot at stake. If they get hacked, they face having their license revoked. Even worse, if players found out that their favorite iGaming site can’t look after their data, they will certainly go somewhere else.
That is why online casinos do everything in their power to ensure that players are always safe.
