Data Security Across All Online Platforms
There are plenty of reasons why privacy is so important when playing casino games online. The main risk players face, is submitting their financial details over to a faceless third party without doing ample research into how trustworthy an online casino is. Where do online casino privacy risks lie?
Even a well-researched and reputable casino brand faces the possibility of being hacked by fraudsters. In recent times we’ve seen data and security breaches at high profile tech companies such as Yahoo, Uber, eBay, Adobe and Sony’s PlayStation Network.
Online Casino Privacy Risks – How to Manage It
The international online casino industry is worth billions of dollars. So, it’s no wonder that these platforms are such a target for phishing from cybercriminals.
Good online casinos will take security seriously. There are a number of indicators that an online casino takes ample safety measures on their website. Most websites that process financial transactions will use Secure Socket layer encryption on their payment pages, you should see the prefix HTTPS, as opposed to just HTTP if a website or payment page is using SSL encryption. This is usually good, but as we know, nothing is infallible.
Reasons like this make a strong argument for putting privacy to the forefront of your online activities, especially online casino. Whether you’re making everyday purchases online, paying for services or playing some online slots—there’s a strong case for doing this anonymously. Your credit card information should never be released to third parties who could potentially use this information against you. So, it’s no surprise that cryptocurrencies and Blockchain technology is taking the online casino world by storm.
Casino enthusiasts who use digital finance solutions can enjoy the best online gaming experiences without anyone discovering who they are. In fact, casino platforms who offer cryptocurrency payment methods, will allows players to register without submitting any personal/financial details. Participants can even use pseudonyms instead of their real names.
Cryptocurrency at Online Casino – Is it a Safer Bet?
Let’s take a look at why using cryptocurrencies at online casinos eliminates the risks posed by online theft.
Even if people have your public keys (basically your e-wallet address), they can’t use them. Cryptocurrencies use a public key cryptography system. There are two pieces of information this system needs to authenticate messages. A public key identifies a sender or recipient and can be seen publicly by others. However, a private key must be used in tandem with the public key to generate a message signature which can’t be forged. The private key should be kept secret. Additionally, a signature algorithm links both public and private keys mathematically.
What’s more, while these keys are public, there’s no need for them to be associated with your name or online identity in any way.
This development of this new technology benefits both online casinos and the people who play at them. Aside from privacy, transactions made by cryptocurrencies are much more cost-effective for casinos to process and they take much less time than traditional payment methods.
It’s easy to see why Bitcoin casinos and cryptocurrencies are taking off in the online gambling world. Don’t be intimidated by these new developments, there is a plethora of resources that can help you enter the world of cryptocurrency, just give it a try.
Didn’t answer your questions? Check out our frequently asked questions here.