Twenty years ago, land-based casinos were the only option available to players who wanted to play casino games for real money. The main drawback of these casinos was that they were relatively inflexible when it came to adding new games or game variations. As a result, land-based casinos were unable to offer players any choice over the games they could play or the odds and payouts on offer. And this meant that those casinos often struggled to attract new customers and retain existing ones.
When online casinos came, they had no such problem: They had software developers that could give them instant access to 10,000+ games. They could easily add new games quickly and customize them for different markets at very low cost. This allowed them to offer their players a greater choice of betting options than ever before – making them far more attractive than their land-based counterparts in many ways. They had won the war.
The online casino industry has been growing and is expected to hit $600bn in 2022. Naturally, everyone wants a piece of this cake and casinos like King Billy Casino attract new players by offering generous welcome offers. Hackers want to be part of it too and I’m sure you know how much damage they can do when they gain access to players’ credit card details. They once had a field day where they made $121k in a few hours after gaining access to Twitter’s admin tool. Casinos use these technologies to keep the bad guys out.
1. A secure HTTPS connection
While it is easily overlooked by players, the use of a secure encryption connection can be crucial in helping to ensure their data remains safe while they play casino games. This is particularly important because sensitive data including credit card details are often transmitted from players’ computers to the casinos’ payment servers when they make deposits or withdraw winnings. If hackers were able to intercept this data, they could potentially steal a player’s identity and use it for fraudulent purposes.
2. Random number generators
Random number generators (RNGs) are used in online casinos to create pseudo-random numbers that determine outcomes in some games – including many slot machines, table games and other casino favourites. “Pseudo” random numbers have been specifically chosen by the programmer so that they cannot be predicted – making them ideal for a variety of betting applications including roulette and blackjack. These algorithms are tested by trusted third parties like eCOGRA that prove that they’re indeed 100% random and not spitting out pre-determined outcomes.
3. Proof of residence
Online casinos also use a variety of anti-fraud measures to ensure that players are who they claim to be. This includes asking players for proof of age and/or proof of residence when they register an account with the casino. They may be asked to provide copies of their passport, driver’s licence, utility bills or other documents that confirm their identity and address. They may also be asked to verify their social security number or national ID card number.
4. IP tracking
Online casinos use IP tracking software specifically designed for online gambling businesses like the ones provided by Elite Provider SRL in order to track gamblers’ behaviour and identify any possible fraudulent activity. For example, if a player tries to log in from a different location or using different devices, the casino’s security system will pick up on this and flag it as suspicious activity – requiring further investigation by the casino’s fraud prevention staff or potentially denying them access until they have completed further checks.
5. Secure payment processors
Online casinos use a variety of payment systems to facilitate online transactions. These include Visa and MasterCard as well as Visa Electron for those with an EU-based bank account. The payment systems are all PCI compliant, meaning that they’re certified by the relevant governing bodies (PCI SSC in the case of credit card payments, and the Europay International Limited group in the case of electronic payments).
6. Smart fraud detection
Just like banks and insurance companies do to prevent loss due to fraudulent activity, online casinos have a variety of fraud prevention measures that identify suspicious activity on their systems when it occurs. These include:
- Payment systems that immediately freeze transactions they deem suspisicous.
- Third-party services like Gibberish Inc. that investigate suspicious activity and alert the appropriate casino staff when fraud is detected
7. 256-bit encryption
As secure as an online casino can be, hackers still have one big advantage – they can attack through the use of any exploit currently known to them, which means that players’ data will always be at risk if it is stored online – assuming they haven’t encrypted it. Encryption turns a player’s data into gibberish that cannot be understood without the description key (think of it as a password). In the unfortunate event that hackers manage to get access to this data, it will be technically useless to them.
8. Withdrawal limits that grow over time
Some online casinos also impose limits on the amount of money that players can withdraw from their accounts – sometimes up to $10,000 per week or month (or even $30,000), depending on the player’s country of residence. For example, at one mainstream casino, players can withdraw up to $1,000 per day during their first week of play.
But this limit increases by $1000 each week until it reaches a maximum withdrawal limit of $7000 per day after 12 weeks of play – provided they have wagered at least once every 7 days in each of those 12 weeks. The daily withdrawal limits increase further if the player wagers more than once every seven days – reaching a maximum limit of $7000 after 28 weekly withdrawals. This means that players are given more freedom to withdraw when they prove themselves over time by making regular wagers rather than simply depositing and withdrawing all at once.