Explainer: Cybersecurity in iGaming

Although the growth of the iGaming sector has brought a myriad of opportunities for casino operators and players alike, this rapid rise has required more advanced and robust security measures to be put in place to protect both the platforms and their users.?

Especially considering the industry manages large sums of money and the sensitive data of players on site, ensuring that iGaming security is air-tight is of paramount importance.

In our latest newsletter we put this critical area of iGaming under the spotlight, looking at the different elements that cybersecurity encompasses, the risks, the impact a breach could have and how to protect against such attacks to address and mitigate the impact of such things.

30-Second Summary ?

• The growth of online commerce brings with it heightened and real security risks as unscrupulous and criminal hackers eye a growing prize
• The threats are multiple, including external threats to player data and funds, site DDoS and API hacking; to malicious and inadvertent threats from inside the business
• Security breaches comprise data, identity and funds theft, and fraud and extortion attempts, resulting in financial, licensing and reputational damage and potentially significant sanctions
• Cybersecurity strategies and technique are essential, including encryption, multi-factor authentication, DDoS protection, API security and a comprehensive audit process
• With hundreds of casino operator customers and integrations, LuckyStreak employs the highest levels of cybersecurity and regularly reviews and updates protections and protocols

What Are The iGaming Security Risks? ??

iGaming security is multi-layered. The subject addresses a whole range of potential risk factors that may jeopardise the safety of users or the integrity of a platform.

External threats

Firstly it protects your business against external threats including:

• Customer data security
• Player account funds
• DDoS attacks
• API hacking, or man-in-the-middle (MITM) attacks

A major aspect is customer data security, which protects sensitive information such as payment data, gaming history, and, of course, personal identification details that user accounts hold. Robust data encryption is essential to deny any unauthorised access.

In addition, iGaming security also ensures that player funds are fully protected. Preventing password breaches and schemes that fish for such information protects significant loss for both the player and operator. Key security elements include 2-factor authentication (2FA) and biometric login technologies such as facial recognition.

Another key area is overall site security, often attributed to DDoS (Distributed Denial of Service). These types of attacks flood a casino site with excessive, usually botted traffic, rendering the platform inoperable for periods of time. By having advanced firewalls in place and filtering traffic, such security issues can be mitigated.

One growing risk in iGaming security is the hacking of online casino API technology, also known as man-in-the-middle or MITM attacks, where attackers insert themselves within the data flow of sensitive information passed between parties, such as users and the casino, or between platforms and providers. API security techniques can protect businesses form this.

Internal Threats

Security risks from inside the business are another form of security threat.?

Threats from insiders of a platform who may have malicious intent or those who might be inadvertently exposing data must also be protected from. By implementing security protocols like regular monitoring, auditing, and limiting permissions and access controls that are strict and even vetting employees, such risks can be minimised.

What Can Go Wrong With iGaming Security? ???

Should any of these iGaming security breaches succeed, the potential consequences are severe.

For example identity theft and fraud could result if hackers gain access to your players' personal information. If login details are compromised, player accounts could be taken over by perpetrators and funds drained.?

Where online casino software or APIs being targeted and breached, attackers could place fraudulent bets or manipulate results to their own advantage.?

A DDoS attack could bring down an entire platform, and in many cases the attackers are seeking to extort money through bribery to end the attack and allow the site to return to normal operation.

What Is The Impact Of iGaming Security Breaches? ??

iGaming security breaches can be catastrophic regardless of the level at which they occur. Whether financial loss, stolen funds, data theft, site disruptions and ultimately reputational damage.

Casino operators can face significant fines from the appropriate regulatory bodies if player data security is breached, or not protected adequately in the first place. Data security rules are typically extremely strict, especially in relation to the protection of information, with any severe failures to comply having the potential to result in an operator’s licence being revoked as an ultimate sanction.

Reputation damage must not be underestimated either. The online casino industry is built on trust between players and operators, with a breach potentially causing irreparable harm to a site's perception of trustworthiness and security in a wider sense, that it may not recover from.

How To Protect Against iGaming Security Issues ??

To protect or safeguard an online casino from potential security breaches, a comprehensive cybersecurity strategy needs to be put in place that covers any vulnerabilities.

Encryption

Encrypting all sensitive data on a site means that even if a hacker gets access, the player information and any transaction records remain unusable. Both secure socket layer (SSL) encryption and advanced encryption standards are key for such protection, with this ensuring any sensitive information is kept away from prying eyes.?

Multi-Factor Authentication (MFA)

Another common security tool is multi-factor authentication, requiring users to verify that they are who they say they are by, for example, inputting a one-time code (OTC) or specific password sent to their personal phone number or email.

Many people are familiar with this for banking and other ecommerce services, and this simple yet extremely effective solution can go a long way in preventing potential account hijacking.

DDoS Protections and Mitigation

In order to stop a site being taken down completely, having advanced anti-DDoS measures in place can ensure a casino filters traffic that may be malicious, whilst allowing legitimate users to continue using the platform freely.?

Both threat intelligence and load balancing are also key to iGaming security too, with these mitigating the chances of service outages.

API Security

Securing APIs is another crucial component of iGaming security, an area which attackers continuously target. Encrypted connections, traffic monitoring for unusual activity and strong authentication to access such interfaces, can greatly reduce any attempts at data theft or fraud.

Prevention Techniques

Although all of these are tried and trusted security measures, conducting regular audits can help identify any potential weak or vulnerable areas of your casino before they are exploited.

Things such as vulnerability scanning and penetration tests can surface issues, combined with regularly reviewing access privileges to ensure that only authorised personnel are able to access the critical systems.

LuckyStreak iGaming Security Measures ??

Cybersecurity is of critical importance to LuckyStreak. With multiple API integrations over a decade, serving 1000s of casino platforms and operators, we utilise the strictest security techniques and tools, which are constantly under review, as is the integrity of all our technology, product, infrastructure and APIs.

Technology Infrastructure

We use a microservices architecture designed and developed using a cloud-native approach, allowing us to run at hyperscale with high availability (99.9% uptime) and flexibility, and to ensure optimal playing experience. It enables us to focus on rapid development and deployment, without compromising our service to our customers.

Cybersecurity is fundamental to our successful operation and we employ robust and regularly reviewed security techniques and protocols to ensure the security, resilience and integrity of our technology infrastructure.

Highest Security Safeguards

Our critical API technology is protected by symmetric encryption and secure server-to-server connections, a security solution that is extremely advanced and safeguards against any unauthorised access, data manipulation and other tampering.

All data transfers sent through our LuckyStreak APIs, from our live blackjack API to our live roulette API, are encrypted fully, retaining the integrity of any betting systems and game feeds.

In addition to this, all of our online casino software deploys sophisticated anti-DDoS solutions - another benefit of our remote cloud-native approach - making sure our technology platform can remain operable even in the face of serious malicious attacks.

Should any supposed traffic be detected, our LuckyStreak casino technology blocks it before it has the chance to impact the experience of players.

LuckyStreak is an established iGaming business, offering casino operators a rich library of world-class iGaming content, promotional tools, detailed reporting and total support. Our technology infrastructure, software, games and APIs are protected with the highest levels of cybersecurity to ensure our players have a trouble-free and comfortable gaming experience.

For more information, feel free to contact us:

• Email: [email protected]??
• Skype: https://join.skype.com/invite/dGmzZxfPSz7q??
• Telegram: https://t.me/markotel70?

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