With a large proportion of our time and money being spent online and the metaverse looming as a reality, secure platforms are more critical than ever. Individuals and companies with an online presence need to protect their identities, data and finances.
The threats evolve as cybercriminals find new ways to attack and infiltrate. For online platforms to remain safe, they need to use several measures and advanced technologies to stay at least one step ahead.
In this blog, we’ll explore why online security is so crucial. Plus, we’ll examine the current measures that the top platforms have put in place and what we can expect to see used in the near future.
Table of Contents
Importance of Security Online
Cybercriminals go after many targets online. They use phishing, malware and hacking to corrupt, steal or compromise data. Sometimes the aim is damage, although most often, there’s also a profit involved. The cost of a data breach can range into the thousands, and it could be millions when looking at the bigger picture for an industry.
Companies also suffer damage to their reputation if their platform isn’t secure. Individuals also experience financial loss and other damages when their data is compromised. For those reasons, online platforms have a responsibility to protect themselves and their customers.
Current Measures
Online platforms are already using security technologies to protect their data and their customers. Sites that come under a lot of scrutiny, such as online casinos and sportsbooks, use some of the most sophisticated measures. They need to meet the high standards set by independent bodies to protect customers from harm.
Players want peace of mind when adding funds and personal details to an online platform, like Casumo live casino. It means they can enjoy blackjack, roulette or poker without thinking about the safety of their data. Let’s look at some of the technologies used to achieve that.
SSL Encryption
One of the key ways to ensure privacy is with SSL or Secure Sockets Layer. It’s an encryption-based protocol. As data is transmitted online, the details are encrypted, meaning they can only be read and understood by someone with the appropriate means to decrypt them. It also involves an authentication process between the sending and receiving points. Most casinos use 128-bit encryption or higher, which is the same standard as financial institutions.
Identity Verification
By requiring a person to add account information, such as a name, date of birth, address and so on, a site can verify that the person exists. It means that any criminal could be tracked and prosecuted, and blocked individuals can’t gain access.
Two-Factor Authentication
Usernames and passwords are vulnerable points of access to applications and sites. While asking for more complicated passwords with letters and numbers helps, two-factor authentication is becoming a preferred security measure. A code sent to an email, or phone number will need to be entered after a login attempt to ensure it’s the intended user.
Emerging Technologies
As the threats evolve, the technology needs to get more sophisticated. We’ve set out some examples of security technologies that we expect to see in the coming years.
Hardware Authentication
The IoT or Internet of Things will make hardware authentication a convenient solution, as users can verify their identity through other devices. It adds a third layer beyond a username and password, which is much harder to compromise.
Behaviour Analytics
System administrators and artificial intelligence will be used to check user behaviour. The aim is to spot any red flags that indicate an attacker has gained entry. The approach will compare a current user’s actions to past behaviour as well as that of their peers to detect attacks.
Deep learning will also be used to view all elements of a system as an entity. In that way, any part of a platform, such as a database, that starts displaying unusual behaviour can be dealt with and secured as soon as possible.