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The Big Game: perfect target for cybercriminals?

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In 2022, the BlackByte ransomware group published a 292MB file containing sensitive information from the San Francisco 49ers. Like teams, venues and vendors, bookmakers are also in danger as they handle a large volume of personal data in the run-up to major events, during the events themselves and in the aftermath.

With the Big Game coming up soon in the US, Sumsub, an all-in-one verification platform that secures the entire customer journey with customizable KYC, KYB, transaction monitoring and AML solutions, has outlined what to expect and how to avoid threats associated with major events.

Expected traffic increases

Last year’s Big Game registered more than 101 million viewers according to the Nielsen consultancy. American fans avidly continue to bet on major sporting events as more and more states legalize gambling following the removal of a federal ban. By the end of 2022, the online betting industry registered a growth of two billion dollars, driven by sports pools.

Based on its experience with traffic spikes at major sporting events, Sumsub expects to see a traffic increase of more than 83% at sportsbooks around the last game of the American football season.

“Though major sporting events attract much-desired traffic to betting platforms, cybercriminals and scammers increase in number as well, so bookmakers need to take extra care. Manual verification is not optimal because, with the increased user traffic, onboarding time grows accordingly, so the best choice would be to find a trusted all-in-one verification provider offering an advanced automated solution for KYC, AML and anti-fraud,” said Andrew Sever, co-founder and CEO of Sumsub.

As user traffic increases and verification takes longer, it can be tempting for betting platforms to cut some expenses. This is especially true for bookmakers used to performing manual verification, which can take more than 24 hours under normal circumstances and much longer during big events. Bookmakers know that if verification takes too long, users will go to the competition. As a result, they may be willing to sacrifice verification accuracy for speed.

However, this type of compromise inevitably leads to regulatory sanctions. For example, Entain, the owner of Ladbrokes, was fined £17 million ($20.6 million)—the largest ever fine in the UK—for failing to enforce player security and anti-money laundering measures.

Surge in fraud

Fraud is increasing in the gaming sector. In Q1 2022, fraud increased 50.1% compared to Q1 2021. There was also an 85% increase in fake account registrations compared to Q4 2021. The upcoming Big Game is expected to attract even more fraudsters.

The list of fraud schemes that bookmakers experience is extensive:

  • arbitrage betting

  • multiple accounts

  • identity theft

  • account takeover

  • money laundering

  • affiliate fraud

 

Cybersecurity threats

“Big sporting events and hacking go hand in hand and the bigger the event, the more threats there are. Attackers can be individual hacker groups looking to make a quick buck or politically oriented groups wanting to steal sensitive information,” added Andrew Sever.

Cyberattacks range from hacking into match broadcasts and security cameras to stealing the personal data of athletes, organizers and spectators. More attention needs to be paid to collecting and storing user data securely, as well as increasing the overall resistance of betting platforms to hackers.

Best ways to avoid threats while enjoying high traffic?

During major sporting events, the challenge for bookmakers is to onboard users without reducing approval rates, all while remaining AML (anti-money laundering) compliant and maintaining security.

The solution is to create an automated verification flow that allows users to easily onboard and go through extra checks only where and when it really matters. Below is a list of checks bookmakers can employ at each stage of the customer journey. There are also some suggestions on how to make this flow even more agile:

Request a minimum number of checks at the time of registration. When a user registers for the first time, platforms may limit verification procedures to collecting names and checking phone numbers or email. This way, the user becomes familiar with the service and is more motivated to go through the full verification procedure when he really wants to place a bet.

Deploy simplified checks when appropriate. For low-risk users, bookmakers can introduce a simplified check using a single document, as long as it contains identity and address information. This allows users to avoid uploading additional documents to verify their address, thus increasing approval rates.

Add additional checks when users make their first deposit. This could include bank card verification and facial biometric check to ensure that the true cardholder is making a deposit.

Introduce facial recognition to prevent fraud. Doing this at the onboarding stage combats multi-accounting. Adding biometric verification when users log in or recover their account ensures that fraudsters can’t hack it. And it’s often even more important to use it at the stage of withdrawal of funds, which is where more fraud tends to occur.

“Adding these checks to the flow reduces verification time and still ensures security. For example, Kaizen Gaming moved from manual verification to Sumsub’s automated solution, reduced their average onboarding time to 1 minute 39 seconds and increased its overall performance by 350%, all while eliminating fraud,” concluded Sever.

Discussion: networking event for gambling professionals in London

In partnership with Sardine, an  industry leading fraud prevention platform, Sumsub announced Gambling Pros Party, a private networking event for gambling professionals which will take place at Clays Canary Wharf, London on February 6, 2023 at 18:30 UK time. This event will be useful for experts, businesspeople and professionals working in the betting and gambling companies.

Participation is free of charge and for gambling professionals only. To save your seat, please register with your business email: https://www.eventbrite.com/e/520357091067/?discount=Sumsub

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Reelsoft Announces Partnership with Bigly to Drive Innovation in iGaming

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Skövde 4 October, 2024. Reelsoft, a leading provider of iGaming technology, is excited to announce its latest partnership with Bigly, an ambitious new game studio. As Bigly’s technology partner, Reelsoft will provide the infrastructure necessary to support Bigly’s innovative approach to game development and distribution.

At the centre of this collaboration is Reelsoft’s cutting-edge Vision RGS (Remote Game Server). This advanced technology enables rapid game development and seamless integration across a wide range of platforms, supporting games like online slots, table games, and multiplayer games such as crash games. By leveraging the power of Vision RGS, Bigly will be able to create high-quality games with the flexibility to deliver them to operators quickly and efficiently.

Liam Mulvaney, Founder and CEO of Bigly, stated, “Bigly is challenging the market structure at a time when rising costs and shrinking margins are pushing operators to seek more value. Our games are designed to meet these demands, offering strong returns on investment while delivering an game experience players will love. We’re already in discussions with operators, and there’s plenty of excitement ahead as we bring Bigly’s bold vision to life.”

Reelsoft’s partnership with Bigly aligns with its mission to empower game studios with the tools they need to innovate, scale, and succeed in the competitive iGaming landscape. Vision RGS provides a stable, scalable foundation, enabling game developers like Bigly to focus on creativity while leaving the technical hassle to Reelsoft so they can confidently grow their game portfolio.

Thomas Nimstad, Founder and CEO of Reelsoft, commented, “At Reelsoft, we believe in empowering studios like Bigly with the tools to create standout content. Bigly’s fresh approach to both game development and their commercial model is a breath of fresh air for the industry. We’re excited to see how their innovative vision is embraced, and we’re proud to support them every step of the way, from concept to launch.”

Bigly is set to release 10 top-quality titles annually under a bold revenue-sharing model, which offers operators capped fees. The studio’s first game, Deep Sea Treasure, a cascade-style slot packed with bonus features, is scheduled for launch soon.

This collaboration highlights Reelsoft’s continued commitment to fostering creativity and innovation in the iGaming space, helping studios like Bigly bring their unique ideas to life.

 

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PG SLOT Introduces Online Slot PG Demos with Free Spins to Help Players Improve Their Skills Before Investing Real Money

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PG SLOT, a top gambling website in Thailand, is thrilled to announce the launch of its free online slot demo (ทดลองเล่นสล็อตทุกค่ายฟรี) across a range of leading providers, such as Pragmatic Play, SlotXO, Joker123 and Next Spin, to help players enhance their skills before investing real money.

Suitable for new gamblers who want to try an array of slot games and experienced players eager to boost their skill to increase their winning streak, PG SLOT’s latest offer showcases the highly rated gambling sites’ focus on providing a player-focused experience that increases their odds and chances of winning.

“We offer free online สล็อตทดลอง (demos slot) from a wide range of providers, including Pragmatic Play, SlotXO, Joker123, Next Spin, Red Tiger, Relax Gaming, Quick Spin, Jili Games, Nolimit City, and many more,” said a spokesperson for PG SLOT. “These demos allow both new and experienced players to practice and refine their skills before playing the actual games.”

Some of the leading game manufacturers included in PG SLOTS try playing slots (ทดลองเล่นสล็อต) offer are:

  • Pragmatic Play: One of the most popular providers, Pragmatic Play is renowned for its high payout rate and immersive slot games.
  • PG SLOT: Pocket Games Soft enables all slot experts to find authentic licensed games that are fun to play and guarantee a new and exciting slot game experience.
  • Next Spin: Next Spin is a new slot game camp that stands out with its challenging range of games featuring sharp and beautiful graphics.

To further boost a player’s experience and ensure they have the opportunity to achieve the best possible results, the online gaming website is also providing an array of bonus offers for individuals who sign up to PG SLOT memberships.

“In addition to being able to try out free slots from all camps, we also give you the opportunity to practice your skills and learn slot playing techniques before going on the real field to increase your chances of winning bets and getting more real money. Register as a member with us easily, receive free credit and many promotions fully prepared for all members. Come join us, PG SLOT ทดลองเล่น, the number 1 online gambling website, and have fun trying out free slots with a chance to win real jackpots and get real money together!” continued the spokesperson for PG SLOT.

PG SLOT invites players seeking to enhance their skills across a range of the most popular slot games to visit its website today, where they can also enjoy a selection of lucrative promotions and a PG SLOT DEMO FREE SPIN.

 

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Patrick Homm to Lead Scientific Games International Lottery Systems Technology

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Netherlands National Lottery Live With Scientific Games’ OpenBet Sports Technology and OpenGaming On Day One of Market Opening
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Scientific Games announces the appointment of Patrick Homm as Vice President, Systems Engineering for the company’s international lottery systems technology. Patrick Homm brings over a decade of experience in innovative gaming systems, software engineering, technology leadership and large-scale systems architecture to his new role. As the industry’s fastest-growing lottery systems provider, Scientific Games continues investment in omnichannel technology ecosystems that deliver optimal consumer experiences across lottery retail and digital channels.

Since joining Scientific Games in 2022, Homm has managed multiple high-impact retail and iLottery projects as the company’s business scaled as a trusted technology partner to 80 lotteries worldwide on one or more systems solutions.

With his leadership experience in agile transformation, microservice architecture, and cloud policy development, he has driven innovation and operational excellence throughout his career. Prior to joining the Scientific Games technology team in Vienna, Homm held various roles at Admiral Group for eight years, including Head of Portal Engineering.

Homm’s hands-on approach, innovative mindset and ability to foster collaboration across teams align perfectly with Scientific Games’ mission to deliver secure, world-class retail, iLottery and sports betting systems for the government-regulated lottery industry.

Michael Conforti, President, International at Scientific Games, said, “Patrick’s appointment is a pivotal step in further strengthening our International Systems team. His deep expertise, visionary leadership and commitment to fostering innovation will help us achieve our strategic goals as we continue to revolutionize omnichannel lottery systems technology for the next generation of lottery retailers and players.”

Scientific Games is a trusted partner to 150 lotteries in 50 countries around the globe, providing games, technologies, analytics and services that responsibly drive maximum returns to their beneficiary programs.

©2024 Scientific Games, LLC. All Rights Reserved.

 

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