One of the biggest rising industries in the UK is the gambling industry.
It’s anticipated that the UK gambling industry is now worth an estimated £14 billion, with 43% of all UK adults gambling at least once a month. However, due to the size of the industry, online gambling sites have become a prime target for fraudsters.
With thousands of gambling sites, sportsbooks, and bingo sites to choose from, bettors must choose a site that keeps both their personal and financial data safe from fraud and harm.
To keep their members safe, some of the very best casinos in the industry have implemented some of the most modern and sophisticated technologies that help with crucial safeguarding measures.
If you are looking for a new gambling partner or want to discover how your favorite betting site helps keep your details out of the hands of fraudsters, read on as we reveal some of the best technologies to keep your wallet safe.
Encryption
If you have ever researched how online gambling sites help keep your personal information safe, one of the most popular terms you would have come across is encryption.
Encrypted technology takes all your details and breaks them down into tiny, linked pieces of code. Disseminating your personal details in this way ensures that third parties can’t attain crucial personal information, which should mean that both your financial and security details are kept safe from harm.
The most common type of encryption that online sites use is 128-bit SSL encryption. The easiest way to discover whether your chosen casino has encryption technology implemented is by looking at the toolbar in the browser and whether it has a padlock symbol. Any casinos that don’t have the padlock symbol should be avoided as they may not be the safest.
There are several other benefits that a casino site that has installed sophisticated encryption technologies provides.
The first is speed. With encryption ensuring that your financial details are kept safe, encrypted casinos usually allow for a raft of different deposit and withdrawal methods. They can connect to third-party bank sites quickly and easily.
Encryption will also ensure that you can remain anonymous from third parties. There shouldn’t be any reason why your details should ever be shared.
Blockchain Technology
With thousands of members and tens of millions of pounds passing through online casinos each day of the week, online gambling companies often install blockchain technology to safeguard money and personal details from ever being hacked.
In October 2023, BetMGM experienced a cyber-attack where customer data was exploited. BetMGM has reportedly lost one hundred million dollars to stave off and resolve the attack and face the threat of even further sanctions and fines.
Staving off these types of attacks is exactly what Blockchain technology can assist with. Knowing your chosen gambling site has it installed should lead to safer deposits and withdrawals and greatly reduce the risk of fraud.
Additional verification
The future of the gambling industry lies in mobile, and some of the best online gambling sites have developed some brilliant and award-winning apps that can be played.
With identity theft being on the rise, it poses a security risk for online gambling sites daily.
To counter this threat, fingerprint and face ID technologies are often in place to reduce the risk of identity fraud. It’s a simple yet effective way to ensure you are kept safe.
Random Number Generators
As well as ensuring that all your personal and financial information is kept safe from danger, it’s also essential that the games that can be played at your favorite online gambling sites are safe and not rigged in any way.
For popular games such as Roulette and Blackjack, online gambling sites will employ the use of RNGs (Random Number Generators); this will ensure that all your favorite games will essentially come down to luck and won’t be heavily rigged towards either the casino or player.
Other Factors to be Aware of
As well as all these different technologies, you can check a few other simple things to ensure that your online gambling site treats your safety as one of its priorities.
The easiest thing to check is whether your gambling site is licensed. Official gambling authorities award licenses, and safeguarding measures are ensured.
The licensing information is normally always available towards the bottom of a gambling company’s webpage or app. With a huge rise in online gambling sites, not all of these sites will be licensed, potentially making them unsafe places to play.
To ensure the safest possible experience, play with a licensed site.
