Friday 2 June 2017

Cyber Security and Digital Currencies in the Gambling Industry

Cyber Security and Digital Currencies in the Gambling Industry




The threats posed by online wrongdoers compel casinos to come up with better plans for strengthening cyber security

It is convenience and the sheer thrills of competing with their peers that make online casino games and sports so exciting. With so many gambling operators out there offering their services, prospective customers are confronted with the paradox of choice. In addition to finding the best offers, the biggest odds and the best return on investment, players should also seek the safest place to gamble. This is the first and most important decisions that one needs to make, so a little research goes a long way.
Online gambling operators have started to realize the threats posed by cyber criminals and increased the security of their gaming environment. The Internet is such a perilous place that nothing can be left to chance, but the payment method is the most important. Conventional currency is still dominant, but the advent of Bitcoin made it impossible to ignore digital currencies. The secure online casino play ojo has all the bases covered, to create a safe haven for existing and prospective players.

The Threat of Botnets Can No Longer Be Ignored

Cyber criminals have gotten increasingly creative and constantly probe the Internet for weaknesses. Nobody is safe unless they take these threats seriously and defend themselves with the latest technologies. The bad guys can strike anyone but they usually tend to focus on potential victims and can be robbed of large amounts of money. Not surprisingly, online gambling operators have emerged as some of their preferred victims and the least secure ones are unlikely to survive the onslaught.
Cyber security is a real focus for gambling operators and all the major brands have come to realize the importance of overhauling their systems. One mistake is enough to allow the cyber criminals to steal funds and sensitive information from unsuspecting customers. In this industry, reputation is extremely important and the inability to protect players from the bad guys is a surefire way of going broke.
That’s why so many webinars are organized by gambling operators, to discuss the ways of improving cyber security. The iGaming industry has made giant leaps forward and the new systems are far more effective at preventing wrongdoers from breaking in. However, the advances of digital currencies and new payment methods pose new challenges that most operators are unprepared for.

The Challenge of Hack Proofing Digital Currencies

Bitcoin can no longer be dismissed as a fad and those who chose to add it among their payment methods are trying to secure it from wrongdoers. All avenues are being considered and gaming companies don’t hesitate to enlist the help of well-known experts. Spending money on cyber security is always a good investment, but sometimes help comes from the least expected sources. With hackers hacking big companies it was only natural to try to recruit some of them for the right cause.
Young and ambitious people with solid knowledge about online security get paid by companies to find bugs and breaches in their infrastructure. Instead of exploiting them for their own benefit or selling the secrets to the higher bidder, they let the companies know about these flaws. This is a great and inexpensive way of identifying problems before they become emergencies and liabilities.

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