These data compromises continue to plague businesses around the world including the online casino sector. They impact millions of records with sensitive information such as personal details and financial records. It is even expected to worsen by the end of the year.  

So far, the worst hit has been the healthcare industry costing around USD$ 9.7 million per breach between March 2022 and February 2024. On the other hand, the average cost of a breach at online casinos was much lower at USD $5.9 million, according to Worldmetrics.org,

The reason why regulated and licensed online casinos were less targeted could potentially be because of its top-notch military grade encryption technology. This state-of-the-art tech means that even if a data breach were to occur, the SSL encrypted information would become unreadable and useless to cybercriminals.

In recent times, online casinos have invested heavily in premium firewalls, end-to-end encryption, two fact authentication, anti-virus and anti-malware, as well as real-time monitoring systems safeguarding every transaction from deposits to withdrawals, and every player interaction.

In addition, casino sites only work with leading and trusted payment partners who comply with stringent security standards.  In short, getting your money in and out of an internet casino is always safe and secure.  All of this is done to give audiences and patrons peace of mind knowing that their data safety comes first.

At Minimum Deposit Casinos – a global casino resource portal - player protection is one of the key focus areas, and that's why they have invested heavily in multi-layer data protection systems. In fact, online businesses around the world should be following suit because cybercrimes are not going to stop. They will continue infiltrating the internet and it's up to each individual business to take charge of the situation and consider preventative measures as a top priority.

In fact, as 2025 approaches, a good New Year's business resolution would be to budget appropriately for fortifying sites against cybersecurity threats. It's one that should be everyone's top priority, after all prevention is better than cure.

About MDC

MDC, a division of the OneTwenty Group, is a global iGaming resource portal that reviews and recommends the most trusted and regulated online casinos to players. MDC analyses every aspect of online casinos from checking gaming license details to security, responsible gambling tools, and fair gaming practices, before recommending them to players.