Security Lessons All Entrepreneurs Can Take from the Gambling Industry

Gambling has always been an industry where security is paramount. From the gaming pits of Las Vegas and their all-seeing CCTV networks to the online sector’s sophisticated security algorithms, operators always make player safety a priority. Although entertainment is always the focus, most people in casinos are playing games for money, which means the levels of security need to be higher than they are in almost any other industry.

Know Who You’re Serving and How You’re Serving Them

For example, anyone who wants to try Betfair slot games needs to create an account beforehand. This process requires the player to input various personal details which then have to be verified using government-issued ID. A customer can only make deposits and withdrawals if they’ve completed this process. That’s because the operator needs to verify that a player is who they say they are. Moreover, the player needs to be eligible and have the financial means to play for cash prizes.

The second level of defense is encryption software. All legit online casinos have SSL certificates or, in more recent years, TLS encryption. These protocols encrypt data that flows from a web server to the site. In practice, this means the personal and financial information someone enters on the site gets encrypted. In addition to encrypted software, online casinos require members to use passwords or, potentially, touch or face ID if they’re using a mobile app.

Another important security provision is third-party authentication. All online casino games need to be tested and certified by independent agencies. Organizations such as iTech Labs check the integrity of each game i.e. whether it’s fair and safe. A game that isn’t certified won’t be offered by a licensed online casino such as Betfair. This, again, is a requirement designed to keep players safe every time they spin slots or bet chips on their favorite table games.

Lessons You Can Take from Gambling Companies

So, as an entrepreneur looking to create an online business, what lessons can we learn from the gambling operators of this world? Well, the first lesson is due diligence. If you’re going to ask customers to register, make sure you can verify their identity. The second lesson to take from gambling operators is to make use of the latest security software. Encryption technology is a standard. You can also make use of products such as Intruder and Inviciti, which scan websites for vulnerabilities so you can fix them before they’re exploited. The final lesson to take from the gambling world is delegation. Don’t try to do everything on your own, particularly when it comes to security. Your expertise might be selling paper or providing online courses, but it’s probably not security. Therefore, you should be willing to enlist the services of third-party organizations. This will cost money, but it’s money well spent if it keeps your customers safe. Security shouldn’t be seen as a luxury. It should be factored into the costs of setting up and running a business. Gambling companies understand this and, if you’re an entrepreneur, yo