You may feel that it’s risky to play casino games at online casinos. All the evidence of cybercrime and how prevalent it is today may make you wary of the exposure. You may have concerns about your money falling into the wrong hands. You may also worry about your identity being stolen. What you may not realize is that licensed online casinos are just as concerned about the safety and security of their patrons. They want to protect their reputation to attract new players and retain existing ones.
License and regulation
Licensed casinos must follow the regulations of gaming control boards. There are many rules about what they can and can’t do. Unlicensed casinos, on the other hand, may be registered in dodgy jurisdictions where you have no recourse if you lose your money unfairly.
At a licensed online casino, the games are verified by third parties to ensure they are fair and your money is secure. They use advanced security measures to prevent identity theft and other issues.
Encryption technology
Today, a secure business usually makes use of encryption technology. This technology creates a private link between your browser and the website’s server. If there is no encryption, anyone with access to the site can access your private information. This includes your login credentials, personal information, and payment details.
Using cryptography on this data makes it unintelligible and means cybercriminals can’t use it. You can click on the padlock symbol next to the website address to find out what type of encryption a site has. Any reputable online gambling site should have HTTPS with the S indicating it is secure or a padlock symbol.
KYC process
Regulators in the U.S. require online casinos to have a KYC or know-your-customer process. This is why you need to submit documents to verify your identity. It helps to prevent money laundering and keeps a casino from getting into legal trouble. Recent cyber attacks show how important it is to verify customers’ identities.
Fairness of games
Gaming regulators are also strict when it comes to the fairness of games. This includes the return-to-player (RTP) of games. Licensed casinos must be transparent about the house edge and the chances of patrons winning games. Neither operators nor players must have any influence on the RTP of games.
Payment security
Licensed online casinos will usually provide a variety of safe payment options. Not all players are happy to use credit cards. Other secure alternatives include e-wallet services such as PayPal and Skrill. Using these services gives players a private link to their bank accounts and credit cards. They can safely make deposits and withdrawals without divulging sensitive payment details. Services like this also have fraud protection and will reverse fraudulent transactions.
Casino audits
One of the requirements for operators to get a license is to go through third-party auditors like eCOGRA. They conduct unbiased inspections and testing. For example, they will test the RNGs on slot games. These third-party auditors will also test the security of online casinos to find any possible vulnerability hackers could use.
