iGaming Industry Embracing Use Advanced Security Measures to Improve User Experience

online hacker attack

Source: Pexels

As the iGaming industry continues to expand into the mainstream, with eSports leagues and tournament series offering ever-larger cash prizes and the user base growing exponentially, the security of player accounts has become a paramount issue for consumers and companies alike.

To that end, online video gaming platforms like Steam, along with casino gaming sites and massively multiplayer online role playing games (MMORPG are increasingly capitalizing on the influx of emerging technologies to offer players a premium user experience and remain competitive in a sector that is flooded with digital entertainment startups headed by techy-savvy Millennials and blue chips battling it out to find the most effective way of securing their customer’s loyalty.

For protecting a player’s private data and reputation, the go-to security measure has long been encryption. Although the concept may sound fancy, encryption is pretty straightforward: imagine transforming a message into jabberwocky at the click of a button, and your recipient, upon receiving the message, transforming that garbled data back into legible text with another click, ensuring a decent level of security while the data is in transit.

Not only is an encrypting tool relatively simple to set up, it’s also possible to get the relevant software without spending a dime. However, given the recent rise in cyber attacks, it is clear that the hackers and their tools may be outsmarting the algorithms, so encryption should always be complemented with the use of VPNs, setting your router to stealth mode and the creation of a virtual space for both work and play.

When it comes to dealing with financial transactions online, the preferred method of security of banks and other entities is without a doubt the RSA Token. Officially known as the SecurID Hardware Token, this RSA Security product is typically either a hardware or software component used to perform a two-factor authentication. In layman’s terms, two-factor authentication involves two components: a personal passcode or personal identification number (PIN) that is known through memorization, and a random passcode that can only be viewed by the holder of a hardware or software element.

iGaming industry leaders are readily embracing this process of two-way authentication, and in fact, major developers like Blizzard Entertainment – the brains behind hit games like World of Warcraft, Diablo, and Overwatch – are now selling branded authenticators using RSA Security Token technology. The world’s leading online poker company PokerStars encourages players to obtain RSA Security Tokens by offering discounts to regular players through the site’s VIP Store. Sony added two-factor authentication capability for the Playstation Network back in August. And users of the Steam direct-to-desktop and mobile video gaming network have been clamoring for security token integration for several years.

 SOURCE: Wikimedia

Possibly one of the hottest contenders on the market right now is the fabled bitcoin and associated blockchain technology, which allows high speed financial transactions while providing a near hacker-proof audit trail. There are already several bitcoin casinos and sports betting services that have been in business since back in 2011 and accept the cryptocurrency as a means of payment no matter where a player is stationed. The global reach on offer to operators is unparalleled.

However, the authorities in each country are now embroiled in a game of catch-up: as they begin to recognize or impinge upon bitcoin’s usage in the iGaming industry, its potential to be a game changer in terms of user experience is at risk of being curtailed. Added to which, there are currently very few operators who have made the leap to become regulated payment providers.

Whether it is a question of incorporating a virtual currency or a highly secure identification process, gaming operators are proving to be open to adapting and growing with the rapid changes taking place in the digital security arena. A sure-fire sign that gaming is truly a lasting hallmark of the digital generation.