How To Avoid Cybercrime in the iGaming Industry?

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With the digitalization of various industries worldwide, the threat of cybersecurity is increasing at a drastic rate and preventative measures on controlling cybercrime have become a globally acknowledged necessity. The importance of tools and technologies for restoring the privacy of industries as well as individual members is being realized which was merely an issue previously. Cybercrime has taken the shape of common concern and one of the biggest hits was on the iGaming industry including real gambling operators listed at CasinoDeps.co.nz and other casino portals, customers as well as regulators providing gambling and betting services. 

As the world experienced the growth of online gaming services, simultaneously people have encountered fraudulent activities online preying on these vulnerabilities. Oftentimes, these thrive by making these punters vulnerable to their trap. This article dives deep into the world of cybercrime to make the readers get acquainted with several factors like the occurrence of cybercrime in iGaming, the frequency of it, the challenges of this industry as well as how to effectively eradicate cybercrime. 

What is Cybercrime? 

As an umbrella term, the word cybercrime covers any unlawful activity that revolves around the usage of the internet. There are two categories into which a cybercrime can fall. First being offences of new type regarding the usage of technological advancements like hacking an operating system or stealing data or valuables to damage a computer system, to make important data disappear from the private database. 

The second type being the primitive activities of crime using new technologies like identity theft, stealing of personal data, and using the acquired data to disguise as the victim in order to use it for personal gain.  

Frequency of Cybercrime in Current Day 

The victims of cybercrime are mostly the individual candidates who are opting for the iGaming sites and services rather than the operators. They might be under the constant vigil of hackers who would want to acquire their username and passwords to have access to their online games at casino accounts. This gives them the power to have control over their personal information which can extract valuable data which can lead to monetary and identity theft. The operators can also be stolen from them creating a havoc disturbance and the hackers will have access to data of multiple players at once. But this is a rare phenomenon considering the protective measures the operators have access to.   

Attacks on operators not only strip them of their reputation but also the customer base, hence leading to a failed business. The hefty security measures adapted by these operators are the pillars on which the business is being run. Moreover, according to the European data protection regulation, punters are given full rights to sue the company in case of any leaked information about them. An incompetent cybersecurity system can result in major backlashes is for the regulators.  

Legislation in New Zealand and Possible Remedy for Cybercrime 

Any misuse of computer systems leading to offences is addressed by The Computer Misuse Act 1990 which is a part of legislation in New Zealand. The offences that are registered under this act are unlawful access to data and further offences of a similar type with unauthorized changes made in data. 

The punishment for each of the three crimes mentioned above is 6 months, 5 years, and 5 years respectively. The penalty for the first crime has been increased by 2 years after an amendment was signed in the Police and Justice Act of 2006. 

Furthermore, the Serious Crime Act of 2015 made sure that the Computer Misuse Act went through an amendment. A new offence was enlisted which was for punishing any unauthorized activity that brought about any risk or serious issues related to any personal computer system. Here damage means any material harm made towards confidential materials regarding human welfare, economy, national security of a country. The guilty may have to bear a consequence of a prison sentence that can last up to 14 years or even life imprisonment considering the severity, or fine, or both.  

The European Convention on Cybercrime, adopted in the year 2001 and came into force by the year 2011. It holds a basic structure that helps to deal with cybercrime which every EU state abides by.  

Conclusion: the Effectiveness 

Law enforcement is an important aspect of maintaining order in society, but indeed the preventative measures are way more effective and methodical as an approach towards creating a better environment digitally. 

With the advent of modern technology, it is possible to create more sophisticated techniques for handling cybercrime. Cybercrime is undeniably a dangling threat to the digital world of today but thanks to the technological advancements of the current day that makes it easier to curb illegal activities.

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