How gambling operators can protect themselves against the growing risk of cyberattacks
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Focus of cybercriminals is shifting from financial services sector to gaming and gambling. TransUnion report calls for swift action from operators to fight fraud in the gambling and gaming industry.
Fraudsters are focusing on industries that are seeing a growth in transactions. The growth of gaming fraud can be attributed to the shift in focus of fraudsters.
Ensuring your site and app is secure will prevent theft of data. Lack of trust in a platform is one of the main reasons for players not choosing a particular platform.
Be compliant. Compliance is a primary weapon in your arsenal. It covers fairness, responsible gambling, onboarding processes, payments, local laws and international regulations. Consult with an experienced corporate service provider to ensure you've got everything covered.
Biometrics can be used to verify players and account holders. It's essential to make sure the data is secure and not hackable by a third party.
Artificial intelligence is being used in various industries. It has found a variety of use cases in the anti-fraud sector and gambling. AI can be used for compliance purposes. It can monitor suspicious transactions and analyze other patterns in player behaviour.
Blockchain is a technology that can be used to protect the data of transactions. It is useful for businesses in the gaming, gambling and leisure sector. If a consumer doesn't feel safe using your services, they will look elsewhere.
