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Doing anything online comes with various risks. Cyber crimes are some of the biggest threats facing today’s consumer. So, it makes sense why gamblers are wary about playing at online casinos. The safety of online gaming has come a long way. Internet casinos are no longer the loosely regulated enterprises they used to be. As the demand for online gambling solution grew, so did the security. Although online casinos have improved consumer protection, various concerns remain. Players have to worry about data theft, phishing scams and identity fraud, among other cyber threats.
Fairness is another element that raises an issue when gambling online. Rogue operators use different methods to get money out of players. It’s not uncommon to hear gamblers complaining about bots making them lose, rigged games and delayed withdrawals. In some instances, fairness problems might be tied to poor security. Whatever the case, it’s paramount that gamblers comprehend the measures the industry institutes to deal with these challenges. With cybercriminals becoming more sophisticated, cybersecurity plays a fundamental role in the iGaming sector, and this piece highlights that point.
With online gambling attracting more users by the day, it became necessary to establish regulations for the industry. A lot of countries didn’t have laws that covered internet casinos, sports betting, poker and other online gambling offerings. However, the situation is slowly changing, with various regions introducing internet gaming provisions. So, casinos have to consider the laws of the countries in which they are operating. Over the years, regulatory bodies have become stricter than before to enhance consumer protection. Licensing requires operators to undergo rigorous vetting. Most nations have local gambling authorities that regulate all gaming activity.
However, top-rated online casinos have licences from the most sought-after regulatory jurisdictions – the UK, Malta, Gibraltar and Isle of Man. Online casinos must meet certain guidelines to acquire and retain licences. Regulatory bodies set standards for product quality, security, and fairness. Also, they are always revising requirements to cater to evolving consumer demands. It’s why gamblers should stick to regulated gambling websites. That way, you are not only assured of the legitimacy of an operator but the quality of services as well. Check out Lucky Days on Casino.Guide for an example of a registered and licensed operator.
Random Number Generators
The foundation of fairness in online gaming comes in the form of RNGs. A random number generator is an algorithm used to produce results in all online casino games, except live dealer options. The software generates a seed number without any predictable pattern. An RNG doesn’t require any external output to generate number sequences. Since the algorithm and sees numbers used in a game session are unknown, hacking the system is difficult. So, players can gamble with the assurance that the outcomes are random.
However, that is not to say that the system is impenetrable. The industry has had cases of players complaining that casinos are using bots that make them lose. Therefore, regulated online casinos and game developers are required to get independent audits. Testing agencies evaluate the software algorithm, the mathematical formulas, game payout and penetration, among other elements. Technical Testing Systems, eCogra and iTest Labs are the top auditing bodies. A casino will usually display a seal of approval from an independent testing lab at the bottom of the site.
As cyber-attacks grew more rampant over the years, operators had to enhance their protection measures. Cybersecurity is not just about protecting customers, but the business as well. Companies lose billions every year to cyber-attacks. One-way online casinos protect information is with encryption technology. Secure Socket Layer (SSL) data encryption protocols are standard across many websites with payment services. Casinos employ 128 or 256-bit encryptions. The technology converts financial and personal data into strings of unbreakable code. It uses two keys; a public one to encrypt information and a private one for decryption.
Since only authorised users can access data, SSL encryption prevents third parties from intercepting sensitive information. So, casino users can submit personal details and transfer payments without worrying about their information getting compromised. Players should always make certain they use encrypted gambling websites for better protection. A site with SSL encryption has a padlock icon on the address bar.
Other Safety and Fairness Elements
Online gambling and cybersecurity go hand in hand. The iGaming industry is one of the sectors that cybercriminals target the most. Hence, online security has become integral for operators and gamblers. Through different measures, the industry protects gamblers, while ensuring they enjoy good quality offerings.