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Are Casinos Secured and Protected Today?
Public Group active 2 years ago
The casino business has always involved the handling of significant sums of money, which means, just like banks and other financial institutions, casinos have had to develop a range of methods to protect themselves and their customers’ money.
Security is paramount in the casino sector, whether you are operating a real-world casino in Las Vegas or Macau or you’re setting up one of the latest fast payout online casinos. And these days, casino operators can call on a host of technological methods and platforms to help them in their endeavours.
Offline Casinos
A basic, but still essential form of security in real-world casinos is the use of sophisticated networks of CCTV surveillance. Placed in strategic locations throughout the casino, these cameras are monitored constantly and can play a crucial role in both detecting financial crimes and disorder.
Another way that offline casinos are adding more security to their facilities is through the use of cashless payments, that allow customers to play games without having to handle cash, reducing the amount of physical money that is floating around the casino floor.
Many casinos have developed their own digital wallets that enable customers to play games and to use all of the facilities that may be available at a casino resort, through integration with the resort’s mobile appl. Some of these digital tools enable the transfer of money from one slot machine to another, while others effectively operate as mini bank accounts, with all of the relevant licensing and security you expect in the banking sector, so customers don’t need to carry cash around on the casino floor.
Online Casinos
Online casino security is even more dependent on using modern-day technologies than the real-world industry. Online gambling platforms depend on a range of tech to help them maintain a safe gaming environment and to ensure that they are fully in compliance with the rules set by gambling regulators.
All online casinos employ some form of end-to-end encryption to protect transactions. For many years, Secure Socket Layer (SSL) technology was the preferred option for safeguarding transactions between banks, customers and the casino, but these systems are being replaced by Transport Layer Systems (TLS). This is an updated data encryption system that is similar to the technology used by banks. Online casino operators use it to guarantee the safety of new customers’ financial details when they register to a site and to keep all financial transactions secure.
They are also increasingly offering customers the opportunity to use digital payment options that offer fast and secure money transfers, and which reduce the need for the casino to hold bank account or credit card details on their database. These include e-wallet options, along with prepaid cards and even cryptocurrencies, which in turn rely on encryption technology.
ID verification is another important form of modern technology that online casinos depend on. In regulated markets, online operators ask customers to verify their identity to help safeguard the industry and other consumers from illegal or harmful activity such as money laundering and to ensure that underage players are not using gambling platforms.
Each time a new customer registers with an online casino, they will be asked to go through an ID verification check that involves providing a driver’s license or a valid passport to fully confirm their identity. This enables the online casino to check that the individual is legally able to gamble through the site and that there are no other issues associated with that person.
As a further security measure, many online casinos offer two-step verification for new customers. When they sign up with an online site, customers will be given the choice of opting into a 2-step authentication system. This involves the gambling platform sending a unique code to the customer’s mobile device to confirm that they are the customer and that they wish to log into the site.
Summary
The fight against illegal activity, such as theft and money laundering, is an ongoing battle, but the casino sector has some of the best tools available in the form of modern technology to keep their customers safe and their financial details secure.
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