Online casinos often require players to link their financial details to the betting website before playing real money games. This practice exposes the players’ payment data to cyber theft if the casino suffers a ransomware attack. As a result, bettors only want to play at a reliable and secure casino.
Online casino operators know that ransomware attacks can damage their reputations. So they are constantly seeking better ways to protect the customers’ payment data. According to CasinoHEX, PayPal casinos offer a secure way for players to fund their accounts since they don’t need to input their credit card details.
But secure payment methods are not the only way to protect customers’ sensitive data. With technological development, online casinos can now incorporate other tools into their operations to secure players’ financial and personal data.
Here are some of the technologies that online casinos now employ to secure their players’ payment data:
The blockchain is a digital ledger for recording and safekeeping transactions. It is designed such that transactions are distributed to every member connected to the computer network system.
Transactions are accessible and can be verified by everyone who has a copy of the digital ledger. Still, they are also very safe since only recognized authorities can add data to the network.
Online casinos now use blockchain technology to record, store and protect financial transactions on their platform.
The technology is very secure since complex mathematical equations must be solved before any transaction is added to the ledger. And then, only authorities recognized by the computer network have permission to add data to the blockchain. This means that external agents like hackers or even online casino operators can not influence transactions.
The best part is the anonymity the blockchain casinos afford the players. With such casinos, all deposits are made in crypto and not fiat currency.
Players fund the online casino account directly from their crypto wallets, and they won’t need to release any sensitive data to the online casino website. Since the blockchain secures all payment data, hackers have no information to steal if they manage to breach a website’s security.
Digital Payment Options
Online casinos allow players to fund real money games using digital wallets due to their advanced security and convenience.
Digital wallets are typically designed to curtail online payment risks by reducing the information users release to online platforms to the barest minimum.
Famous examples of digital wallets are PayPal, Apple Pay, Google Pay, etc. PayPal casinos are very notorious in the online gaming community because they allow players to transfer funds without releasing their passwords. You can use the PayPal One Touch app to fund an account on any online casino website that supports PayPal.
PayPal is ideally a global payment option. However, the company finds the concept of using the same PayPal account outside your country of residence suspecting.
Therefore, casino players who find themselves moving from one nation to another may want to have a reliable VPN on standby. The VPN enables them to quickly change their location and run a single PayPal account from any country.
Web Application Firewalls
The firewall serves to protect online casinos from issues of Distributed Denial of Service (DDoS).
DDoS are security risks where hackers disrupt a website activity by directing hordes of unnecessary internet traffic to it. This ultimately overwhelms the website and prevents it from serving its primary target.
A powerful software used by casinos to prevent DDoS attacks is Cloudflare. This program protects the website from the distributed denial of service attack by providing a web firewall.
Other forms of protection offered by Cloudflare are the IP Access Rules and Zone Lockdown.
When properly installed and updated, Cloudflare can also provide vital security to players’ payment data.
Online casinos use encryption to protect precious data like players’ payment details.
It involves turning valuable information into impenetrable codes that are only accessible by people with passwords.
Two common forms of data protection used by online casinos are the SSL and end-to-end encryption techniques.
The working principle of SSL is a little complex. But below are a few things you need to know. Online casinos that use this data encryption method have an SSL certificate. They can be easily recognized by the “HTTPS” at the start of their website name.
The end-to-end encryption ensures that third parties cannot read your message or trace your activity on the website. It is particularly great for protecting payment data because the codes used are highly complex and can only be cracked by the designated devices.
The online casino industry is growing exponentially. That also means that the risks of their players losing vital data and possibly resources are increasing by the day.
The implication is that only secured online casinos will enjoy patronage from players who feel secured playing on their sites.
Many online casinos understand this dynamic and are doubling down on their application of new technologies to secure their players’ payment data.
Hopefully, more technologies are developed, and more online casinos are willing to incorporate them into their operations.