The iGaming industry is in full bloom, and it has been since 2012 when American online casinos joined the iGaming race. With over ten years in its belt and tens of billions to show for it, the attention towards the iGaming industry remains at an all time. The problem is not all the attention is good. With such success comes cybercriminals looking to steal the fun and possibly millions, too.
However, with AI now heavily involved in the online gaming scene, the iGaming industry continues to thrive. This article highlights all the ways that AI rises to the cybersecurity challenge of iGaming.
AI Coming to the Aid Against Cybercriminals
While having the internet is a blessing from the standpoint of instant access to information. Also, the internet provides 24/7 access to top-tier casino games at home or away with sophisticated casino apps. With so much emphasis and attention, especially during the COVID-19 Pandemic of 2020, when traditional casino players were forced to join online casinos because everything was shut down, the iGaming industry truly blossomed financially. However, with so much attention came the rise of massive cybersecurity issues, including advanced ransomware.
AI on the Front Line of Defense
Taking many notes of the crippling ransomware attacks against the largest casinos in America, the iGaming industry re-doubled their efforts to boost the cyber defenses. The frontline for iGaming cybersecurity is the actual network and firewalls that they operate on. While it takes talented IT professionals to put together the network, AI tools are still superior to best gauge the strength.
When using AI, the first thing that AI does is evaluate the strength and integrity of the network. Because AI tools constantly draw data from its various databases, which are constantly updated, it always has the latest information about cyber warfare. For that reason, it can assess on deeper levels whether the iGaming network is up to the task.
AI tools can also make suggestions about how to fix it. Going one step further, AI tools can also pinpoint future weak points in the network with suggestions about how to fix them. Of course, AI works in real time to maintain superior network integrity.
AI Weeds Out Hackers with the Registration
Unlike retail casinos, online casinos need members to be approved to join their network. With the early iGaming sites, all it took was using an email address and a basic password to join with no questions asked. However, due to the extreme cybersecurity threats, iGaming sites have a more detailed registration form.
The purpose of the more extensive job forms is to weed out hackers and unwanted members from the start. Once the new user submits the form, AI tools work behind the scenes to verify photo identification with social security numbers and other documents.
Behavioral AI for Maintained Security
Even when the proper members are onboard, iGaming sites still can’t lower their guard. With behavioral AI tools, iGaming sites record all the moves, games, financial information, and activities that each member makes. The purpose of analyzing the information isn’t to spy but to better understand how to maintain a safe gaming environment.
One simple way is the usage of multi-factor authentication. When registered users try to log in, they will normally be sent a PIN to use in a timely fashion. If the user gets the login details wrong too many times, AI can assume it is fraud and lock them out of the network until further verification.
Behavioral AI is also responsible for maintaining financial protection. Knowing all the genuine financial habits, an iGaming site is in good hands about a member trying to commit fraud in real time.
AI Helping iGaming Prevent Problem Gambling
With 24/7 access to rewarding casino games, it doesn’t take long to lose perspective and become addicted. Even if the member doesn’t use responsible gaming measures, with AI monitoring, it can work on behalf of the iGaming site and the player to pinpoint the early signs of problem gambling and possible suggestions.
