Are you gambling online? Hackers are watching. Hello everyone, Welcome back to , a new eye-opening video. Today, I'm going to be talking about how hackers , attack casinos and steal millions. This is a really interesting topic, and I think you'll be , surprised at some of the methods that hackers use. With the increase in online casinos, as well as the use of technology in brick-and-mortar casinos the shift towards online gambling has opened up a new world for players and cyber threats alike. Hackers see these platforms, technology, , and apps as target-rich environments since they can deliver a one-two combination punch, going . after a platform’s money and customer data. Since those in the gambling industry are , familiar with cheaters and criminals of all kinds, you’d think they would take all . the necessary precautions to protect their digital infrastructure and ensure the safety and security of their players, but often reality reveals a different truth.. Notable Online Casinos Cyberattacks: Online gambling has been accessible for the past two decades but has spiked in popularity over the last few years. In 2021, the global , online gambling and betting industry was worth $61.5 billion. Forecasts predict its . value to skyrocket to $114.4 billion by 2028. Even a fraction of that is an , attractive amount of money for a hacker. 1. In 2016, hackers launched , an attack against William Hill, which crashed the company’s websites. The cyberattack occurred during the 2015/2016 UEFA Champions League season, so experts estimate , the company could have lost up to £4.4 million. 2. MGM Resorts, which owns 31 hotel and gaming destinations, suffered a data breach in 2019 that exposed the . personal information of over 10.6 million guests. A vulnerability in the site’s cloud server enabled . the breach, with hackers stealing guests’ names, addresses, phone numbers, and email addresses. 3. In late 2022, DraftKings announced that around $300,000 was stolen from about 100,000 customer accounts. The company found no evidence of its systems being breached. It believes that hackers obtained compromised login credentials stolen from other sites and accessed the DraftKings accounts . of customers who used the same login information. Which Attack Methods Do Hackers Use Against Casinos? Hackers can use a variety of tactics to target online gaming platforms and casinos and their customers, launch attacks by exploiting poorly , configured technological solutions, use tried and tested methods that work on any digital asset, and the good old standby of money laundering. 1. Wi-Fi networks Nowadays, when players visit casinos, they expect a complete . guest experience that includes drinks, entertainment, and access to free Wi-Fi throughout the establishment. Since public Wi-Fi networks tend to have lower . levels of security, they are an extremely attractive attack vector. Threat actors can use .
“man-in-the-middle” attacks, packet sniffers, or network analyzers to capture and analyze . data as it is transmitted over the network. 2. POS systems (Point-of-Sale), POS systems are easily compromised because they are often wrongly configured, unpatched, and have unsecured remote access or weak passwords. Hackers can install malware, card skimmers, and . keyloggers on POS systems through phishing scams or other social engineering techniques. Once inside, they can steal credit card information, personal information, and other sensitive data from players and employees that use the systems. 4. DDoS (Distributed Denial of Service) DDoS (Distributed Denial of Service ) attacks are another popular tactic used by hackers to disrupt the operations of online gambling companies. These attacks flood a company’s servers with traffic, causing them to become overwhelmed and crash. While DDoS attacks impede operations . temporarily, they are often a smokescreen for more significant attacks. Phishers often . use Distributed Denial of Service strikes to take down digital platforms, potentially causing players to lose money in the process. 3. Phishing Scams on Gambling Platforms. Phishing a casino website is a type of cybercrime that involves using malicious , software and programming in order to gain entry to protected data or system functions. . This can involve anything from obtaining player information or logging into a page to stealing , funds or manipulating the results of a game. Many casinos have implemented advanced security measures to protect themselves from such assaults, but hackers still pose a threat.. 5. Malware Strike Malware is malicious software , that can be used to gain entry to sensitive information stored on a . computer system. Phishers use malware infections to hijack user data in order to steal money or manipulate game results. 6. Ransomware. A favorite money-making method for threat actors is using ransomware to steal a casino’s online data, holding it, or threatening to publish it until the company decides to pay. A more lucrative option for hackers is to lock casinos out of their systems and hold . the access for ransom. This forces businesses to screech to a halt, making it more likely . that the operator will pay to regain access. 7. Casino Software/Game Exploitation Attackers may exploit software or game , flaws in order to gain an unfair advantage over other players. For example, they . might identify a flaw that allows them to manipulate game results or change . the odds of winning in their favour. The best thing you can do to prevent this, . is being subscribed to The Hackers Journal. 8. Server Breaches and Data Thefts Servers are vulnerable to data theft, , which can lead to the loss of sensitive information such as page details, passwords . and financial data. Attackers may also use this type of strike to gain entry to . the casino’s software or game code, making it possible for them to manipulate results
or take control of an entire gaming system. 9. Money laundering Large numbers of high-value transactions happen in brick-and-mortar and online casinos . daily, providing a potential cover for money laundering and allowing hackers to clean their . ill-gotten gains. Although casinos are required to do due diligence to identify money laundering . attempts, it’s challenging to determine which deposits are connected to fraudulent behavior, . especially now that casinos accept cryptocurrency. To be safe from hackers attack on casinos . you should take the following Precautions: • Choose a reputable and licensed casino, This is the most important step to take to ensure your security. Look for casinos that are regulated by recognized authorities, such as the UK Gambling Commission or the Malta Gaming Authority., • Create strong and unique passwords One of the simplest yet most effective ways to . fortify your cybersecurity is by using strong and unique passwords for your online casino accounts. Avoid using common or easily guessable passwords. Instead, utilize a combination of letters in upper . and lower case, numbers, and special characters. The longer and more complex your password is, , the harder it will be for hackers to crack. • Enable two-factor Authentication:, This adds an extra layer of security to your account by requiring you to , enter a code from your mobile device or email in addition to your password.. • Be cautious of phishing attempts Phishing emails, messages, and pop-ups often , look like they're from legitimate sources, but they're actually designed to steal your . personal information. Never click on links or provide your personal information in response to an unsolicited communication. If you receive a suspicious email or message claiming to . be from your online casino. Independently visit the casino's official website and contact their customer support directly to verify the legitimacy of the communication.. • Use secure payment methods When making financial transactions on online casinos, use secure payment methods such as credit cards, reputable e-wallets, or prepaid cards. • Regularly review your account activity Maintain a proactive approach by . frequently reviewing your online casino account activity. Regularly , check your transaction history and notifications. This will help you identify any suspicious activity, such as unauthorized transactions or changes to your personal information. I hope you learned something new about . how hackers attack casinos. Hope you enjoyed the video. SUBSCRIBE to The . Hackers Journal! It gives us sweet motivation to create more such content. , Also, hit that notification button to get all the videos from us! Now it's time to say goodbye. Stay safe and stay informed!