Security measures in casinos are better than exchanges!

[tabas]

I think it's that most of the media are just focusing on these breaches that mostly happening in exchanges. And that's why they're getting more exposure than the casinos. The betting sites are no exception when it comes to these attacks but, I guess the business is more with the exchanges and that's what are people interested to know just to take flame on the market and put it to their audience. Just noticed that, so there's bias in reporting. However if there's a stat that provides that there's not that much breach that happens in casino then that proves it. If not, then that only sets the idea that we see articles focused on dealing and publishing headlines related to crypto hacks.

[1714815305]

1714815305

[1714815305]

1714815305

[yahoo62278]

I would say this is definitely false. Casino's may just not be as widely publicized, but definitely there have been hacks of many casino platforms. You could probably look around here on the forum and find a few sites that have claimed to be hacked. BetKing comes to mind when thinking about it.

[Chikito]

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 really, I've heard of a casino getting hacked a while ago, this means everything in online could be hacked while the owner doesn't care about security. One factor a casino rarely hijacks because not many people play the casino than put the money to exchange. even if hacked, not much money the hacker finds when compared it to an exchange. Maybe both use the same security vendor, so if there is a chance, the hacker will take precedence to hack the exchange first, after that they just hack the casino.

[uneng]

Maybe it's more related to the fact exchanges have the largest balances in the hot wallets, so they become the favorite targets of hackers, while it wouldn't be equally profitable for them to focus on casinos when applying their hacks. Also, we can't take every claims of hacks as legit, because the exchanges operators can just spread this fake information to hide a rug-pull executed by the operators themselves to scam customers and leave without suffering the consequences. I would say most of the hacks around aren't hacks for real, but exit-scams played by CEOs and managers.

[Darker45]

Do we have data that confirms that there are more exchanges hacked than casinos? Or do we have data that say there are more hack attempts on exchanges than on casinos?

I agree with many opinions here that exchanges are probably targeted more because there's so much more money there than on casinos.

However, we really cannot make a general claim. The largest crypto exchange must be bigger than the largest crypto casino, but there must also be a number of crypto casinos that process more money than many exchanges.

And it's not as if casinos have uniform security measures and exchanges have also their own uniform measures. Security systems vary from one casino to another just as they also vary from one exchange to another.

[Bitcoin Smith]

Many of you guys claim that casinos are often hacked like the exchanges but I don't see many casino hot or cold wallet hacked by hacker on the other side every crypto exchange including Binance hacked so that is what I am talking about.

Who are talking about account frozen by casinos, providing 2FA as security and blah blah, please read OP carefully before replying.

Casinos are dealing with big amounts too, and most of you wearing signatures of casinos so I suggest you to go and take a look around the wagering amounts in the history section of any casino to find how much we are talking.

[Don Pedro Dinero]

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!!!

What you say is nonsense that you say simply because you think it and you don't provide any weighty argument to back it up, no data or anything else. You mean a small casino has better security measures than Binance? Think about it.

The fact is that there are many more hackers trying to hack Binance than a small casino, because the prize pool is much bigger.

I agree with many opinions here that exchanges are probably targeted more because there's so much more money there than on casinos.

In the end, since we have no concrete data, this is a thread that can turn into a mega-thread in which we can only speculate.

[Bitcoin Smith]

What you say is nonsense that you say simply because you think it and you don't provide any weighty argument to back it up, no data or anything else. You mean a small casino has better security measures than Binance? Think about it.

The fact is that there are many more hackers trying to hack Binance than a small casino, because the prize pool is much bigger.

You still want proofs for exchange hacks? Ironic.

Anyway, you can start from Mt.Gox to Binance every exchange faced hacks and the proofs are below

List of Hacked Exchanges, since 2011

List of cryptocurrency exchange hacks

For casinos:

Primedice Bitcoin Gambling Site Hacked for $1M

Vulnerabilities in gambling websites in past

Clearly you can see which one fell more as victims, I am not bullshitting here, I felt it's a valid argument, and Its not a valid point that hackers attack only the crypto exchanges so casinos are safe which isn't true cause hackers can attack the bank account even if it has balance of $100.

[Outhue]

Do not compare an exchange with a casino, a crypto exchange is like an online bank but in the crypto world where people can exchange valuable assets, there is no such thing going on with a casino.

Tell me why should a casino get hacked when most money deposited on their website or platform is already theirs? It takes luck to make it yours again and that's if you win their games, so tell me, what much security would they need? They are going to settle you back from their pocket if you win anyway.

Do you also know that crypto exchanges have much number of people and their money on the platforms compared to casinos? So many people are still scared of gambling till now and they choose to stay far away.

[Josefjix]

Do not compare an exchange with a casino, a crypto exchange is like an online bank but in the crypto world where people can exchange valuable assets, there is no such thing going on with a casino.

Tell me why should a casino get hacked when most money deposited on their website or platform is already theirs? It takes luck to make it yours again and that's if you win their games, so tell me, what much security would they need? They are going to settle you back from their pocket if you win anyway.

Do you also know that crypto exchanges have much number of people and their money on the platforms compared to casinos? So many people are still scared of gambling till now and they choose to stay far away.

They both have higher numbers, anything without tightened security would be easily infiltrated by hackers trying to defraud individuals, therefore the best approach is to take preventative steps to avoid scams proceedings. Crypto exchanges and casinos fulfilled the same purpose and increased security. Hackers focus on both sectors to get hits and extract large sums of money from their victims. They accomplish this by creating and disseminating anonymous emails that could potentially link directly into a user's account if the user unwittingly clicks on them.

[alastantiger]

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

You can't compare the amount of money in an exchange to a casino. The ratio of people who leave money in exchanges are higher than those who leave money in casino wallet.

Yesterday, there a topic on whether an individual should save their money in online casinos. And almost every body thought that that was such as terrible idea because it leaves room for hackers to start sniffing around online casinos. Casinos are like restaurants, you go in there, eat, pay for your meal and you are out. You do not keep your money there, neither do you stay there that is why restaurants have less robberies than banks.

[pawel7777]

Clearly you can see which one fell more as victims, I am not bullshitting here, I felt it's a valid argument, and Its not a valid point that hackers attack only the crypto exchanges so casinos are safe which isn't true cause hackers can attack the bank account even if it has balance of $100.

Your argument is oversimplified and illogical. You claim that the lesser number of reported incidents means higher security. This could be true but could be completely false.
You need to compare the scale and specifics of those 2 industries. Exchanges are an order of magnitude greater than casinos (we're only considering crypto-casinos here) and have way more complex crypto-related operations, therefore have more vulnerabilities and attract more attackers (as the incentive is far greater).
To give you an example: if I had a mobile crypto wallet downloaded from an unknown source and had my seed phrase written down and lying around, but never been hacked - would that mean my security measures are better than those of exchanges (or casinos)?

[aylabadia05]

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!!!

If I were a hacker and given the choice to choose between the casino and the exchange I would be hacking, I would probably choose to do a big exchange hack because there are a lot of funds stored there compared to the casinos.
That's just an assumption and doesn't mean the casino doesn't have a lot of funds.
Hacking will be done by hackers not choosing and when many hackers target exchanges as a place to carry out the action does not mean that the casino is safe from hacking. Maybe it's not up to the casino action that they are doing at this time.

As a precaution, neither casinos nor exchanges are safe places to store funds.
Learning from my experience, don't also withdraw all funds at the casino by emptying the balance because you won a bet, there are casinos that won't let players do this. At a minimum, save the funds you get from big wins, around 30% as capital to play again.

[Fivestar4everMVP]

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!!!

Gambling casinos do not have better security than crypto exchanges my friend, the reason why there is less or no hack and breaches in online casinos is simply because , gambling casinos usually do no have as much users and staffs compared to trading exchanges , and again is that , most gamblers do not leave their funds on online gambling casinos , and when they do , it's always a very tiny amount , but on crypto exchanges, many traders leave coins worth millions of dollars on their accounts , which is very juicy for the hackers if they manage to hack the exchange , and also , the hot wallet of crypto exchanges usually hold coins and tokens worth hundreds of millions of dollars if not billions, but no body even knows the hot wallet address of online casinos , this is if they even have a hot wallet .

[coin-investor]

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.

You're not digging enough there have been hacked casinos in the past, but compared to casinos they did not create a big noise in the community, because there are more users in exchanges than casinos, and the community is actively trading every holder has an account on exchanges so it's a big concern if exchanges are hacked.

When it comes to hacking number matters, Hackers will prefer to hack exchanges because of the huge funds involved.


 

[ethereumhunter]

It will depend on how good the security team is from each exchange or gambling site. If they have a good and highly skilled security team, it is less likely that we will hear of the site being hacked and vice versa. But there is a possibility that either the exchange or the casino could hide the news about the hacking that happened in their business from the public so that no one knows.

But indeed, we hear more about exchanges experiencing hacks than casinos because what happens to exchanges might be spread by irresponsible people so they can take advantage of the situation. In other words, if there is news that an exchange has been hacked, it will immediately affect the market and the prices of those coins will fall including the price of bitcoins. But if any hack happens in the casino, it won't affect the market price because it's not a crushing attack for the traders. Even though there are parties who are disadvantaged in this case, namely gamblers, the market continues to operate normally as usual.

[Dave1]

Of course, this two platforms have the best security measures in the world because it deals with huge money to begin with. But the hackers have been described as one step of the game, so regardless which one has the best security measures, they can still hack it if they want. For sure both exchanges and casinos have teams to monitor everything in their system and flag if they see some suspicious activities.

But still depends on the criminals, as they love to target exchanges because of the huge money in their wallets that they can easily hack.

[Negotiation]

Both platforms also have a strong reputation for security and reliability but many times it does not protect users from possible hacks and scams. It is true that casinos have less scams because they are well managed by different teams and developers. The reliability of the exchanges is very low various scammers opened new exchange sites and it increased two or three times after a few days. Then after a few days, they saw that the market has gone down in such a way that there is very little chance of going up. Then the investors suffer a lot. Then they lose a lot of money and fall into the hands of hackers scams can be avoided if they are monitored properly depending on the individual.

[bitbollo]

..
Your thoughts!!!

there are probably a lot more attempts to hack an exchange than hack a casino!!! It's more rewarding for sure!   

But if you go to see in detail the cases exchanges get hacked or in which there was actually a failure due to an external attack are actually not that frequent and mostly can be related to scams etc....

[CODE200]

I think both casino and exchanges are prone to breach and hacking because both of these holds great amount of money. And I don't think it's fair to compare both security measures because these two provides preventive and protective measures in order to make their players/customers safe and secured. If there is really a data which confirms that exchanges have more cases being hacked than casinos, well it doesn't necessarily mean that their security measures are better compared to the other. It's just happen that exchanges are being more targeted by hackers. And of course, maybe hackers see more money in hacking exchanges than casinos.