The Latest Cybersecurity In The Igaming Industry Statistics Explained
38% of iGaming businesses reported a cybersecurity incident in 2020.
The statistic “38% of iGaming businesses reported a cybersecurity incident in 2020” indicates the prevalence of cybersecurity threats within the iGaming industry during that year. This means that more than a third of businesses operating in the online gaming sector experienced some form of cyber attack or security breach, potentially resulting in data theft, financial loss, or reputational damage. The high percentage of reported incidents underscores the critical importance for iGaming companies to prioritize and invest in robust cybersecurity measures to safeguard their operations, protect customer information, and maintain trust in their services amidst an increasingly complex and evolving threat landscape.
Approximately 90% of logged-in users to iGaming platforms are actually bots.
The statistic stating that approximately 90% of logged-in users to iGaming platforms are actually bots implies that the vast majority of user activity on these platforms is being generated by automated computer programs rather than human users. This could have significant implications for the fairness and integrity of the iGaming industry, as it suggests that a majority of gameplay, betting, and interactions may not be authentic. Bots can be programmed to exploit systems for financial gain, manipulate odds, or disrupt legitimate user experiences. This statistic highlights the need for increased vigilance and security measures within iGaming platforms to combat bot activity effectively and ensure a level playing field for all users.
DDoS attacks cost iGaming businesses an average of $40,000 per hour.
The statistic that DDoS attacks cost iGaming businesses an average of $40,000 per hour highlights the severe financial impact that such attacks have on the online gaming industry. Distributed Denial of Service (DDoS) attacks involve flooding a system with an overwhelming amount of traffic, causing it to become slow or unavailable, leading to disrupted services and significant financial losses. The $40,000 per hour figure showcases the direct financial burden imposed by these attacks on iGaming businesses, including lost revenue, operational costs to mitigate the attacks, and potential damage to the brand’s reputation. This underscores the critical importance of implementing robust cybersecurity measures to defend against and mitigate the impact of DDoS attacks in the gaming sector.
Insider threats constitute about 30% of all cybersecurity risks in the iGaming industry.
The statistic that insider threats constitute about 30% of all cybersecurity risks in the iGaming industry suggests that a significant portion of security breaches and vulnerabilities within the industry are a result of actions or negligence by individuals within the organization. This highlights the importance of implementing strict security protocols, continuous monitoring, and robust training programs to mitigate such risks. Insider threats can come from employees, contractors, or even business partners who may intentionally or unintentionally compromise security measures, making it crucial for iGaming companies to prioritize internal cybersecurity measures alongside external defenses to safeguard sensitive data, protect user information, and ensure the integrity of their systems and platforms.
Phishing attacks accounted for 32% of all cyber attacks on iGaming platforms in 2020.
In 2020, phishing attacks represented 32% of the total cyber attacks targeting iGaming platforms. Phishing attacks involve the deceptive practice of sending fraudulent communications to individuals with the goal of tricking them into divulging sensitive information such as login credentials or financial details. The fact that nearly one-third of all cyber attacks on iGaming platforms were phishing attempts highlights the significant threat posed by these malicious activities within the online gambling industry during that year. Such attacks are concerning not only due to the potential financial losses they can cause but also the risks they pose to the security and privacy of players and the overall reputation of the iGaming platforms targeted.
Customer data accounts for nearly 64% of all data breached in the iGaming industry.
The statistic states that customer data compromises constitute a significant portion, approximately 64%, of all data breaches within the iGaming industry. This means that the personal and sensitive information of individuals who engage in online gambling activities is highly vulnerable to being compromised. Such breaches can have severe consequences for affected customers, including potential identity theft, financial fraud, and loss of trust in the iGaming platforms. This statistic highlights the critical importance of implementing robust cybersecurity measures to safeguard customer data and protect the integrity of iGaming operations.
The average cost of a data breach in the iGaming industry is $3.86 million.
The statistic ‘The average cost of a data breach in the iGaming industry is $3.86 million’ represents the average financial impact that iGaming companies incur when experiencing a data breach, which potentially compromises sensitive customer information such as personal details or financial data. This metric serves as a key indicator of the potential damages and costs associated with inadequate data security measures within the iGaming sector. The significant financial burden of $3.86 million highlights the critical importance for iGaming companies to invest in robust cybersecurity protocols and technologies to safeguard customer data and mitigate the risks of data breaches, ultimately protecting their reputation and avoiding substantial financial losses.
34% of iGaming platforms experienced an SQL Injection attack in 2020.
The statistic stating that 34% of iGaming platforms experienced an SQL Injection attack in 2020 highlights a concerning trend in cybersecurity vulnerabilities within the online gambling industry. An SQL Injection attack occurs when malicious actors exploit vulnerabilities in a website’s security to gain unauthorized access to its underlying database. The fact that a sizable portion of iGaming platforms fell victim to such attacks underscores the importance of implementing robust security measures, such as regularly updating software, employing secure coding practices, and conducting thorough security audits. Furthermore, it emphasizes the need for continuous vigilance and proactive risk management strategies to safeguard sensitive data and protect against potential breaches and cyber threats.
Over 50% of iGaming businesses reported falling for social engineering scams in 2020.
The statistic “Over 50% of iGaming businesses reported falling for social engineering scams in 2020” indicates that a significant portion of iGaming businesses were successfully targeted by social engineering attacks, where cybercriminals manipulate individuals within an organization to gain unauthorized access to sensitive information or resources. This suggests a concerning vulnerability within the iGaming industry, where more than half of the businesses surveyed were susceptible to tactics such as phishing emails, pretexting, or impersonation. The high prevalence of falling victim to social engineering scams highlights the need for increased awareness, training, and security measures to protect iGaming businesses against these types of cyber threats in the future.
Ransomware constitutes about 21% of all cyber attacks on iGaming platforms.
This statistic indicates that roughly 21% of all cyber attacks targeting iGaming platforms are classified as ransomware attacks. Ransomware is a type of malicious software that encrypts a victim’s files and demands a ransom for their release. The fact that ransomware accounts for a significant portion of cyber attacks in the iGaming industry highlights the importance of cybersecurity measures and the potential vulnerabilities present in these platforms. Organizations operating in the iGaming sector should prioritize implementing robust security protocols to safeguard their systems and data from such threats.
37% of all iGaming businesses do not have a formalized incident response plan.
The statistic “37% of all iGaming businesses do not have a formalized incident response plan” suggests that a significant portion of iGaming companies lack a structured strategy for dealing with security breaches and other critical incidents. This finding highlights potential vulnerabilities within the industry, as the absence of an incident response plan could lead to delays in detecting and responding to security threats, potentially resulting in data breaches, financial losses, and reputational damage. Implementing a formalized incident response plan is crucial for iGaming businesses to efficiently manage and mitigate the impact of security incidents, safeguarding their operations and maintaining trust with customers and stakeholders.
More than 70% of iGaming platforms reported an increase in cyberattacks amid the COVID-19 pandemic.
The statistic that more than 70% of iGaming platforms reported an increase in cyberattacks amid the COVID-19 pandemic suggests a notable surge in cybersecurity threats faced by the gaming industry during this unprecedented period. The shift towards online platforms due to lockdowns and social distancing measures has likely made iGaming platforms more susceptible to cyber vulnerabilities, leading to a rise in targeted attacks. This statistic highlights the importance of robust cybersecurity measures and constant vigilance for iGaming platforms to safeguard their systems and protect sensitive data from malicious actors seeking to exploit the digital transformation accelerated by the pandemic.
References
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