Whenever there is money changing hands online, the greatest concern for many of us is typically the safety and security of those transactions. Who has access to our account data?
Is our personal information kept safe? Are credit card payments entirely secure? How is our online privacy protected?
All of these and many more questions are commonplace for any online business. However, given the global online gambling industry is forecasted to reach $196 billion by 2022, this is a sector that is already more conscious about client security than most.
As one company operating online for more than 21 years, the casino 888 website is keen to present clients with answers to all their safety and security questions.
Indeed, the online gambling and gaming industry is one of the most stringently regulated industries in the world.
Online casinos are constantly innovating, consistently raising standards when it comes to cybersecurity, viewing the protection of themselves and their clients as one of their priority activities.
This has led to other online industries paying careful attention, then following the examples which are set by the leading online casinos.
Trust and Transparency
The aim of any business is to make a profit, which has always been a widely recognized and accepted fact surrounding any industry or enterprise.
It’s the same whether we’re talking about a gambling venue or your local fruit stall, however, which of those two examples would you trust the most? Given the stigma which has traditionally surrounded gambling, most people would usually trust a fruit vendor more than a casino. But why?
Well, given that gambling at casinos involves playing games of chance, questions have always lingered about integrity in gaming, such as whether they can easily be manipulated.
By comparison, we might not even think of asking a fruit vendor if their product is actually fit for consumption. We are prone to doubting one while accepting the other at face value.
Nevertheless, online casinos have worked hard to establish an unparalleled level of trust these days. This has come from within the industry itself, via setting some of the highest levels of transparency amongst any online industries.
To operate legally in any country or jurisdiction around the world, an online casino must adhere to strictly enforced regulations for transparency and fairness.
All games must meet and exceed certain standards, which are established by governing bodies like the UK Gambling Commission, which regulates the fairness of each and every game, before it can be released on casino sites.
In fact, such bodies are so stringent in regulating the activities of games at online casinos, industries in other markets are taking a leaf out of the same book, applying equally stringent regulations themselves, aimed at improving trust.
The Need for Cybersecurity
Wherever there is something of value, there will always be those looking to profit in the most nefarious of ways.
That fact is about as timeless as human civilization itself, although when companies first began switching their operations from physical to online locations, there was an unbelievable amount of naivety.
Ignorant of security needs in this new and seemingly utopic cyberspace, they soon fell prey to hackers and online thieves to the tune of billions.
More than two decades later, there are still plenty of hackers and cybertheft remains a genuine problem, yet companies are much wiser, regarding online security as one of their most paramount responsibilities in the digital age.
Given the sheer volume of transactions and money moving around, online casinos are inevitably now one of the most heavily protected industries.
This is why the most reputable online gambling companies have whole teams of cybersecurity experts, whose sole job is to protect their systems from every conceivable hacking attempt.
Their work also encompasses protecting client information and privacy leaks, encrypting data to prevent it from falling into the wrong hands. Some online casinos are even deploying quantum cryptography, making them even more protected than many governments.
As for the passage of money from A to B, rather than direct transactions via banks or credit cards, nearly all online casinos now use third-party payment companies like PayPal or Skrill, removing the need to store the financial information of users on their own servers.
This in turn removes a potential weak link in the chain between clients and their own sites, whilst also acting as an extra layer of protection for online casinos and their users, which other online companies are increasingly adopting themselves.
Online Casinos Leading the Way?
Given the immense depth that online casinos go to every day, protecting themselves and their customers, it’s fair to say they are often at the very cutting edge of cybersecurity technology.
Not only are the gaming companies creating some of the most advanced entertainment software, full-spectrum software systems to run every element of online casino activity are also being produced.
These days, the beating heart of everything involving online casinos is reliability and security. As one of the most profitable online enterprises in the digital age, this is hardly surprising, given they are capable of investing in the latest and most innovative technology around.
For this reason, the online casino industry has become a leading player in not just games and entertainment, but also security that protects our data and personal information.