CybersecurityPartner content

There is no doubt that one of the most popular and profitable industries on the internet are online casinos. With many countries in Europe, like the UK, completely legalizing online gambling, the hobby is soaring. Even in the US where online gambling is selectively prohibited, individuals spend over $53 billion each year on online casino games and sports betting. That is why cybersecurity protocols like Cipher and Artic Wolf to name a couple are so crucial to maintaining a healthy market. They protect users, casino platforms, and their mutual resources and data.

Here are some essential reasons why cybersecurity is crucial for the online casino gaming industry.

Protecting the Website and User Funds

As with any website through which large amounts of money circulate, online casinos are prone to hacker attacks. These attacks seek to extract the high volumes of money going both in and out of the casino. Tactics like e-mail scams and fishing data are used against employees of the online casino platform. These e-mails usually pose as senior colleagues asking for information about the website. Furthermore, exploiting games and cheating are also common tactics malicious users employ to extract resources.

Modern cybersecurity services like Nelysis recognize these tactics and patterns and provide necessary solutions. Various online security platforms recognize malicious e-mails or track irregular patterns in online casino games to prevent misuse. They are all geared towards protecting deposits and withdrawals and safeguarding the website.

Stopping Data Breaches

Besides attacking the website, hacker security breaches also usually involve stealing information from the casino website. Having user or company data stolen can essentially destroy an online casino operator. This is due to the fact clients like casino players want their information private. This is self-explanatory since most of the information we provide to casinos is banking information like credit card numbers. 

This data can then be misused in various ways from ransom to threats to monetary damage. Popular cybersecurity services like Cipher can set up systems to stop data breaches. Data encryption and safeguarding are just some of the ways online casinos can keep customer data safe. After all, we are not just talking about deposit and withdrawal methods, some users keep their other personal information like location on the site as well. Cybersecurity services keep users anonymous and their data private.

Safeguarding Banking Options 

With so many different casino deposit methods in the modern online gambling industry, the threat of bank information theft is serious. There are more than 250 types of PCI requirements that are in place to protect vital credit card information. Ensuring you are PCI compliant is a critical step towards making sure your data is secure. Cybersecurity services work to audit the requirements, perform scans, and satisfy these conditions.

Furthermore, it is not just about credit cards. E-wallet banking methods as well as direct transfers and cryptocurrency options are also in danger. Companies like Prosegur and Cipher help online casinos protect this temporary storage of crypto on their website. Since cryptocurrencies like Bitcoin, Ethereum, or Dogecoin are vastly popular as deposit methods right now, they are subject to numerous attacks. Security services like the ones we mentioned are crucial for casino platforms seeking to protect their digital assets.

Final Remarks

Online casino providers are putting a lot of money towards cybersecurity and with good reason. As a casino gaming provider, a platform needs to make sure their customer do not fall victim to scams and hacker attacks. Protecting not only the funds but also the data of both users and the casino is the top priority. 

Thanks to these cybersecurity services we named, the online gambling market has not slowed down even though it has faced many challenges. Protecting sensitive information has become the work of many new cybersecurity companies. There are still many issues but we can hope online casino safety technologies will continue to evolve.