Password theft, to this day, remains one of the most-used forms of cyber attack and despite the prompts to regularly change passwords and add second and third-factor authentication processes, credential theft is still the major cause of data breaches and it usually leads to other types of business impact such as reputational damage, ransomware costs and fines due to violated privacy and security breaches.
Altenar, a sportsbook software provider, understands the value of informative security content, and credential theft is a matter to be taken seriously, even if it seems like an early-internet issue.
With the increasing use of web applications and the need for its potential to streamline operations for many businesses in a host of industries, bad actors are aware this is the best way to access credentials and can use a variety of other attack types to help them achieve this, such as phishing, malware infections (i.e. spyware, keyloggers and trojans) and the exploitation of vulnerabilities.
However, are there ways to reduce the risk of credential theft, especially for those working in the sports betting industry where risk management and data protection are of the utmost importance?
Let’s take a look…
Safeguarding Personal Data
Strict measures should be in place when it comes to credential theft, with a mixture of regular password changes, regular checks for vulnerabilities, application of patches, and adding as many forms of authentication as you can, especially if your company uses internet-facing systems or third parties. Avoiding password reuse also helps in reducing or limiting the damage of credential theft.
One way to safeguard against credential theft is to use password vaults or password managers as they are safe, efficient and simplify processes.
You can discover more about safety and risk management from Altenar, a sportsbook software provider, and if you’re looking to harness its betting solutions and safety protocols, you can do so by adding an Altenar built-for-you sportsbook to your iGaming offering …
