Bets.io Casino has announced it will hold its first-ever cybersecurity hackathon. The event aims to enlighten stakeholders on cybersecurity issues and possible solutions. Some topics that will be covered are personal data security and banking information security. Through this cybersecurity hackathon, the online casino hopes players will enjoy a better gambling experience without falling into scams.
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What is a Cybersecurity Hackathon?
Cybersecurity hackathons are events where tech experts combine efforts to educate people on how they can navigate online platforms such as casinos without their data being hacked. These events take place over a set period, such as a day.
They are essential because as cybersecurity continues to evolve, cybercriminals are also finding their way into the market. However, players can protect their personal data when they are enlightened.
Importance of Cybersecurity for Australia’s Best Online Casinos
Australian online casinos and players are responsible for keeping their databases safe from cybercriminals. In case of negligence, these scammers can harm both the players and the casinos.
Here are some of the attacks that cybersecurity helps to prevent in online gambling.
Accounts Hacking
Most real money online casinos in Australia require players to create an account to play games and place bets. During this process, the player should provide a strong password that scammers cannot easily guess. Besides, they should keep it a secret or else put their details such as email and phone number in danger. Unfortunately, if a cybercriminal gets hold of the player’s password, they can break into the account and do nasty things. For example, they can top up the player’s betting account through their saved credit details and exploit the money.
Interference with Game Integrity
Cybercriminals also target casino games. They can manipulate a game and influence the results, making the casino or the player lose. If players bet on such compromised games, they may lose significantly and as a result, never trust that casino again. However, with cybersecurity measures, online casinos can provide fair games. This is possible by working with trustworthy third-party agencies such as eCogra.
DDoS and Ransomware Attacks
Distributed denial of service attacks happens when players are participating in eSports tournaments. The criminal targets the player’s internet service, so the game doesn’t end. This can cause players to lose their bets. On the other hand, scammers can also hold players’ data in the casino’s database and demand a ransom. This is devastating because the casino is responsible for maintaining privacy over players’ data. In the process, some personal information is stolen, and players lose trust in that casino. Casinos can combat such crimes by implementing cybersecurity measures.
Money Laundering
Some online casinos have had to pay penalties because of money laundering activities. These behaviors can be from players themselves or hackers. For example, a casino should follow after a player who makes large deposits to know their source of funds. Also, some criminals may use stolen credit cards to fund their betting accounts. Therefore, online casinos should take the proper measures to prevent such activities as they may damage their reputation or even make them leave the market.
Cybersecurity Measures for Online Casinos in Australia
Cybercrimes can cost a casino to the extent of being closed or losing numerous players. However, the online gambling industry can stay above these crimes with suitable cybersecurity measures.
Some of the strategies that Australian online casinos can use to protect their players include.
SSL Protection
Players need to fund their betting accounts to play real money games. Therefore, they provide their bank information during transactions. A casino needs to use Secure Socket Layer Protection to keep off this financial information from hackers. This measure encrypts all the data players and casinos transfer. As a result, even if a cybercriminal gets hold of this information, they cannot be able to read it. SSL also helps to keep players’ personal information safe. Casinos can use the 128-bit or 156-bit for encryption. This technology turns data into chains of unbreakable code.
Two-step Authentication
During the registration process in an online casino, players are asked to activate the two-step authentication to protect their password. This measure reduces the chances of criminals guessing a player’s password because they have to provide the username, password, and a one-time code that players receive every time they log in to their account. One can opt to receive the code via SMS or email.
Software Testing
Online casinos use software to provide gambling services to their players. Therefore, if they do pay attention to their tools of work, hackers may find a loophole to harm the players or the casino itself. They should work with third parties to check their games. For example, all casino games should use Random Number Generators (RNG) to ensure that the games are fair. These measures help to determine games’ results without bias. As a result, players can confidently play the games because they know nothing will happen behind their backs during the gameplay. However, if an online casino doesn’t test its software from time to time, hackers can compromise the games’ integrity which leads to losing players.
Firewalls
Another cyber security measure online casinos can put in place is the use of firewalls. A firewall helps to determine which web traffic can be allowed on an online platform. Therefore, if a hacker tries to get into an online casino, the operator can easily track and stop them from accessing the site. These parameters also help prevent the web servers from being manipulated by malicious codes that can steal players’ data. Lastly, it helps to reduce the risks of Distributed Denial of Service.
Secure Payment Methods
Most online casinos, if not all, are accepting electronic wallets for payments. These payment methods are technically crafted to protect players’ financial information. They allow players to deposit into their betting accounts and withdraw their winnings without revealing their personal data. They are also faster and more convenient. Therefore, hackers may not be able to steal any transaction details.
Conclusion
As the gambling and cybersecurity industries evolve, more criminals are finding loopholes to harm players and casinos.
Bets.io casino has planned a cybersecurity hackathon to educate its stakeholders. The event will cover essential cybersecurity aspects that players and the casino need to implement to keep players’ personal and financial data safe. It will also touch on strategies to help the casino serve its customers transparently.
Through this event, players will learn how to use the two-step authentication process to keep their accounts’ passwords safe from hackers. They will also understand the different payment options that implement cybersecurity measures to transact safely when gambling. On the other hand, the software providers will know how they can work with appropriate third parties to provide game fairness. Other cybersecurity aspects that will feature during the event are SSL encryption and firewalls. All this is meant to protect players and the casino from cybercriminals.
