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Author Topic: Security measures in casinos are better than exchanges!  (Read 276 times)
Aanuoluwatofunmi
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August 26, 2023, 02:07:00 PM
 #41

We heard that data breaches and hacks in the crypto currency exchanges are more often and almost every exchange faced that but when it comes to casinos they're actually better in that isn't it cause I don't see any casino's got hacked like exchange which means the casinos are having better security standards when it comes to protecting the data and funds.

Let me say that maybe this was just your own assumption but I don't think there's anything to proof this because exchages close down and likewise casinos or any gambling platform may ceased from operations due to any reasons, but we have to reason along that both were hackable, knowing this alone, how much attention do this centralized network make adequate preparation for the security measures against their system being attacked, who are the developers that controls the platforms, are they reliable, do they focus on building a strong security network or they are after making their own money and spending less for maintenance, the two have almost same risk and I don't think i will vote for one being higher than the other.

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August 26, 2023, 02:15:08 PM
 #42

It's not which one is better, it's the question which one has the biggest "pot". And with that, my vote goes to the exchanges, and most likely it has set the precent already when Mt. Gox was hacked, every hacker and criminals in the world dream of hacking a big exchange and taking all the loot.
And for those who are not aware of, there is a certain group, called the Lazarus by the communist North Koreans who has been put up by their government to target all exchanges in the world and steal millions of dollars. You can check it out yourself if you have doubts about this group.

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August 26, 2023, 02:31:47 PM
 #43

Based on my experience never seen a casino get hacked or they just didn't broadcast and just happened when their server is down, There's no safety right now in the internet so just one mistake all the hackers now can easily make an injection with the system and now have a fully access without getting any trouble, still possible hacks but the casino must aware with the possible attacks for sure they already make a lot of defensive security to make sure there's no possible vulnerability on their system or the device they are using, those security is just a small portion on them as expensive than the number of earnings they could get to their players so don't hesitate to invest in security not only for casino for all too.

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August 26, 2023, 02:42:25 PM
 #44

Based on my experience never seen a casino get hacked or they just didn't broadcast and just happened when their server is down, There's no safety right now in the internet so just one mistake all the hackers now can easily make an injection with the system and now have a fully access without getting any trouble, still possible hacks but the casino must aware with the possible attacks for sure they already make a lot of defensive security to make sure there's no possible vulnerability on their system or the device they are using, those security is just a small portion on them as expensive than the number of earnings they could get to their players so don't hesitate to invest in security not only for casino for all too.
Well, how I choose to view this is that, with the rate of how crypto exchanges are hacked, and the same kind of hack does not seem to happen on online gambling casinos , it only points to the fact that most hacking done on crypto exchanges are as a result of an insider job, like I mentioned or stated on my previous comment, exchanges employs way more staffs than gambling casino , basically, two or three persons can manage a gambling casino , but for crypto exchanges, that is not possible due to the complexity of the systems ,and like we all know , the more the staffs employed, the higher the chances of having a bad egg amongst them .

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August 26, 2023, 02:49:23 PM
 #45

Based on my experience never seen a casino get hacked or they just didn't broadcast and just happened when their server is down, There's no safety right now in the internet so just one mistake all the hackers now can easily make an injection with the system and now have a fully access without getting any trouble, still possible hacks but the casino must aware with the possible attacks for sure they already make a lot of defensive security to make sure there's no possible vulnerability on their system or the device they are using, those security is just a small portion on them as expensive than the number of earnings they could get to their players so don't hesitate to invest in security not only for casino for all too.

I certainly agree, lots of casinos have been hacked but there isn't loud news about it since they're just small casinos compared to big exchanges which are known to have huge funds and that's the reason why they're being targeted by hackers and scammers. Strong security measures is necessary to protect the users whenever its a casino or an exchange because to be honest, hackers are getting even smarter now. They also improving each day and they're always trying to look for better ways to steal other people's funds so we always have to store our funds in a safer wallet.  
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August 26, 2023, 04:45:51 PM
 #46

We heard that data breaches and hacks in the crypto currency exchanges are more often and almost every exchange faced that but when it comes to casinos they're actually better in that isn't it cause I don't see any casino's got hacked like exchange which means the casinos are having better security standards when it comes to protecting the data and funds.

If that so then how is it possible for the casino why not by the exchanges.

Your thoughts!!!
Not true. Both, the casinos and the exchanges have equal risk of getting hack or breached. It is just that the hackers or criminals target exchange more than casinos because it is more "profitable" for them to go after exchanges. And it is not true that casinos don't get hacked. There are thousands of online casinos and you will  hundreds of cases where casinos have been a victim of getting hacked and losing user funds. Never store your coins in a casino thinking that it will be more safe than exchanges. Always use your own wallet where you have access to the keys and keep the wallets secure.

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August 26, 2023, 04:52:35 PM
 #47

My personal impression is that exchanges suffer more vulnerabilities than casinos because they are the most obvious target for a hacker who wishes to steal millions of dollars in a single hit. Besides, an exchange may have more employees, which could be translated to an increased risk when dealing with social engineering.

I have personally set some strong security measures in the exchange I use, and I feel rather safe with a security key. It is an option I have not seen in other casinos, most of them rely their security in 2FA tokens which are stored in one's phone.

Also, it could be that casinos which suffer those vulnerabilities are not such important news so everyone ends up knowing about it or reading it on the internet.

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August 26, 2023, 05:20:41 PM
 #48

My personal impression is that exchanges suffer more vulnerabilities than casinos because they are the most obvious target for a hacker who wishes to steal millions of dollars in a single hit. Besides, an exchange may have more employees, which could be translated to an increased risk when dealing with social engineering.

I have personally set some strong security measures in the exchange I use, and I feel rather safe with a security key. It is an option I have not seen in other casinos, most of them rely their security in 2FA tokens which are stored in one's phone.

Also, it could be that casinos which suffer those vulnerabilities are not such important news so everyone ends up knowing about it or reading it on the internet.

The hackers mostly target the exchanges because the number of users in the exchanges will be more in number as compared to the gambling sites.The amount of dollars hold by the individual in the exchanges will be more as compared to gamblers in their gambling sites.The security measure was same in the both gambling and exchange.The exchange had a seed which is additional one compared to the gambling site.The exchange had more attack by the hackers,So the exchange had seeds and phase to login.This seeds and phase are unique to exchange as compared to gambling sites.
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August 26, 2023, 06:09:09 PM
 #49

My personal impression is that exchanges suffer more vulnerabilities than casinos because they are the most obvious target for a hacker who wishes to steal millions of dollars in a single hit. Besides, an exchange may have more employees, which could be translated to an increased risk when dealing with social engineering.

I have personally set some strong security measures in the exchange I use, and I feel rather safe with a security key. It is an option I have not seen in other casinos, most of them rely their security in 2FA tokens which are stored in one's phone.

Also, it could be that casinos which suffer those vulnerabilities are not such important news so everyone ends up knowing about it or reading it on the internet.

The hackers mostly target the exchanges because the number of users in the exchanges will be more in number as compared to the gambling sites.The amount of dollars hold by the individual in the exchanges will be more as compared to gamblers in their gambling sites.The security measure was same in the both gambling and exchange.The exchange had a seed which is additional one compared to the gambling site.The exchange had more attack by the hackers,So the exchange had seeds and phase to login.This seeds and phase are unique to exchange as compared to gambling sites.

Well, this is a very interesting question, although it could be that exahnges are more targets for hackers to attack, because I think that casinos also represent money and they can also be attacked, I am inclined to think that casinos can be attacked more , Due to all that is being seen now about AI , about games that can be rigged in sports, due to this series of things, it can also be a vulnerable and good target to be attacked , however it would be Interesting to see where these Statistics could be found. Because it would be very good to know, when we don't Suppose to think that it Would be as easy, well I don't know, because both exchanges and scasins invest a lot of money in their security, more than they store a lot of money and that's something Significantly, it could be thought that things when with crypto have to be more vulnerable , because wherever transfers enter their wallets immediately, this type of thing is what every exchange, every casino must verify. and manage a lot of the money, not that it is there but that it has a special protocol so that it can be withdrawn.

In the casinos they are making security updates every moment, at least that's what I have seen in stake.com when they do their maintenance within the platform, it is not surprising that they have security specialists with AI for your security, because this casino It handles a large amount of money, but as for the exchanges, yes, it's true, the exchanges handle much more money, and it's more delicate, I don't know if you remember, but the time Binance was hacked, they hacked it with a whole google 2FA authenticator, for the hackers that was not a problem, they still hacked it and did everything they had to do, they Stole many millions of dollars, even so, the security of the Binance exchange is now one of the strongest, because with all the help they I think that the most important things to invest in are always robbed, for sure.
In the casinos they are making security updates every moment, at least that's what I have seen in stake.com when they do their maintenance within the platform, it is not surprising that they have security specialists with AI for your security, because this casino It handles a large amount of money, but as for the exchanges, yes, it's true , the exchanges handle much more money, and it's more delicate, I don't know if you remember, but the time Binance was hacked, they hacked it with a whole google 2FA authenticator , for the hackers that was not a problem, they still hacked it and did everything they had to do, they stole many millions of dollars, even so, the security of the Binance exchange is now one of the strongest, because with all the help they I think that the most important things to invest in are Always Robbed, for sure.

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Oilacris
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August 26, 2023, 06:13:08 PM
 #50

We heard that data breaches and hacks in the crypto currency exchanges are more often and almost every exchange faced that but when it comes to casinos they're actually better in that isn't it cause I don't see any casino's got hacked like exchange which means the casinos are having better security standards when it comes to protecting the data and funds.

Let me say that maybe this was just your own assumption but I don't think there's anything to proof this because exchages close down and likewise casinos or any gambling platform may ceased from operations due to any reasons, but we have to reason along that both were hackable, knowing this alone, how much attention do this centralized network make adequate preparation for the security measures against their system being attacked, who are the developers that controls the platforms, are they reliable, do they focus on building a strong security network or they are after making their own money and spending less for maintenance, the two have almost same risk and I don't think i will vote for one being higher than the other.
Yes, there's no proof to it but rather this is really just that an assumptions basing up on what we are seeing.I cant remember on how many exchange platforms that being hacked and how many gambling

site or platforms had been breached or exploited out.Making up some comparison about these exploits are totally useless or not really that relevant considering that this is really just losing money
on whatever company that it would really be that affected. This is why it would be that better not to mind yourself trying to find out which one does have the greatest number of hacks and exploits
in regarding on the service and things that they do offer in the public. Security measures? It would really be just that normal but we know that there's no such thing about not being unhackable on this world but we know that security measures should really be top-notch in speaking in correlating themselves into business which do stored out tons of money which it is one of the most important or
the main priority when running this one.

Trust is built up overtime on the time that the community do able to see that they could really be able to trust on the platform that they are really that using and this is where popularity
and ranking would really be relevant on each other and we arent that blind of it.

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