While digitalisation grants great opportunities for the gambling segment, it also evokes some challenges for everyone involved. As modern technology progresses, operators are getting advanced solutions, but so are cybercriminals.
In this mini-guide, Casino Market experts will tell you more about the reasons the owners of gaming and betting platforms need to pay a lot of attention to safety issues. We will also share 5 tips on protecting your project, based on research conducted by Slotegrator.
At our company, you can order the installation of reliable security software on beneficial terms.
Importance of Ensuring Business Safety
Cyberattacks are common in the web gambling sector since it is a sphere with a large turnover of money and private data. Unpleasant occasions and threatening attempts related to this topic are increasing at a very fast pace — 1,000% YoY. The average cost for operators surpasses £3 million. Additionally, brand reputation is negatively affected by these incidents.
Because of such situations, entrepreneurs lose:
- assets stolen directly through the attack;
- turnover frozen while the activities are interrupted;
- funds directed to minimise the damage and restore the work;
- money needed to pay fines for causing damage to consumers, etc.
It is always cheaper to spend on incorporating and maintaining protection mechanisms than resolving the severe problems, coming as a result of the threat that has been realised.
Players’ information is also a very valuable part. Scammers can steal these assets to go further. For instance, the fraudsters may use the hacked data to access the users’ bank details, e-mails or accounts on social media.
Here are the types of possible attacks and threats to name a few:
- SQLI;
- DDoS;
- cheating;
- port scanning;
- ransomware, etc.
The good news is that all these malicious schemes can be prevented or stopped at the very beginning. For this, operators need to take care of business security through several steps.
How to Protect an iGaming Project: 5 Tips
Let us review the 5 key principles of keeping your operations and clients’ assets safe:
- Regular software updates. Criminals are frequently probing programs to find their weaknesses. Developers study those attempts to fix bugs and make their products more resilient to attacks. With each new version, the modules are getting improved and modernised, so it is important to renew them from time to time.
- Well-trained staff. Many types of hacks need some human interaction to be performed. These can be the requests to click on the picture, follow the link, download a file, etc. Your employees must be aware of such threats to secure themselves, the company’s funds and the clients’ information.
- Penetration tests. Managers of entertainment portals can pay special agencies to check the current security level. If the partner organisations find any weaknesses in the defence field of your website, they will offer corresponding solutions and services to patch the vulnerabilities and avoid real threats.
- Lawful activities. Not only can entrepreneurs working for a black market be exposed and banned by the authorities at any time, but they are also a perfect target for fraudsters. Licensed operations add another layer of protection as legitimate managers can inquire about the support of regulators.
- Application of security technologies. Use both basic and advanced solutions, oriented toward safety. The list includes CAPTCHA, Cloudflare, encryption, and other efficient tools. Scammers often choose to attack companies that have outdated modules or infrastructure of poor quality as it is easier to access such platforms.
Adhering to these rules helps significantly reduce the risk of being harmed by criminals and their schemes. Security checkups should be done regularly as fraudsters also improve hacking techniques.
The Main Things About Protecting iGaming Projects
Every entertainment platform must be equipped with special tools to detect, prevent and block malicious activity. The financial well-being of the operator and its clients, as well as brand reputation, depends on these instruments.
To avoid scammers’ attacks, entrepreneurs need to:
- regularly update software;
- educate staff on potential harm;
- order penetration tests sometimes;
- ensure legal activities and compliance;
- integrate the industry’s latest technologies.
Casino Market can become a reliable guide and assistant on your way towards running a popular, protected and profitable iGaming business. We supply efficient gambling software, help with a licensing procedure, build promotion campaigns, aid in transforming a small start-up into an international corporation, etc.
Feel free to contact our managers to start a fruitful partnership and explore a full spectrum of the services and products we offer.
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