Technology / Internet
The role of cybersecurity in protecting digital businesses and betting platforms in 2025
27 Mar 2025 at 18:45hrs | Views
As technology and the internet become increasingly advanced, businesses
and platforms must pay close attention to providing security for their
digital interactions. These days, consumers share a lot of sensitive
information online. From providing data for account registration to
sharing bank information when making payments, platform operators must
ensure they can provide ample security systems.
This is where cybersecurity plays its part. Businesses and platforms that operate mainly digitally must actively protect their customers. In the case of betting platforms, consumers store their money in their accounts. Therefore, operators must be capable of providing a highly secure environment. Here are some of the key roles of cyber security for digital businesses.
Cybersecurity Roles in Betting Platforms
Among various types of platforms, betting platforms may be one of the platforms with the most money transactions daily. Bettors store funds in their accounts and make deposits regularly. On the other hand, operators must also securely receive the placed wagers to profit and pay the bettors' winnings.
As an operator, ensuring the platform works well and is safe to use is essential. Choosing the best aggregators to connect the operator to many reliable providers like Hub88 isn't the only necessary preparation. Operators must also understand how to set up robust cybersecurity measures. Therefore, they can convince bettors the platform is trustworthy enough to choose from.
SSL Encryption
SSL (Secure Socket Layer) encryption is the most fundamental security measure for a betting site. This encryption ensures secure connections between the betting platform's server and the user's device, making all data exchanged between the two unreadable to third parties.
Betting platforms deal with heaps of sensitive information, including:
Most bettors would prefer these data remain private. This applies especially to bettors who deposit and withdraw significant amounts of money regularly. SSL encryption is essential in bettors' eyes, as it lowers the risk of fraud, hacking, and identity theft. Not to mention, most bettors can quickly tell if a website is SSL encrypted or not.
Two-Factor Authentication
Most people always like to find a two-factor authentication feature on money-related apps. This is because 2FA (Two-Factor Authentication) offers an extra layer of security. It makes it harder for cybercriminals to hack the account. If someone discovers the user's password, 2FA can still stop the hacker from logging into the account.
A 2FA feature is a must-have for a betting site. It gives bettors peace of mind, as they know their account has extra protection besides a strong password. However, not all betting platforms have implemented 2FA; the number of operators that do has been steadily increasing. It's slowly becoming a requirement to ensure bettors can better secure their accounts.
The most basic form of 2FA is a one-time password, a random number combination sent to the user's chosen contact. However, biometric authentication provides even stronger protection.
Firewall and Anti-Fraud System
Most cybersecurity features aim to provide an extra layer of security for users. Yet, operators must also be able to protect their overall platform from cyberattacks. Firewalls and anti-fraud systems are often the solution.
A firewall is a barrier separating the site's internal network from the broader internet. It can monitor all incoming and outgoing traffic and block suspicious activity that might harm the site's integrity. Hackers often try to overwhelm a platform with traffic that will lead to a crash (Distributed Denial of Service, or DDoS). Experiencing DDoS during peak season can lead to a significant loss for big betting platforms.
Meanwhile, anti-fraud systems monitor all behaviors on the platform and can spot fraud or cheating from users. This system helps operators prevent money laundering and other illegal activities that can harm the platform.
Although it might sound more beneficial for the operator, an anti-fraud system ensures bettors always play on a level field. It's like ensuring no players cheat so everyone receives equal chances.
Cybersecurity Roles in Digital Businesses
Cybersecurity roles in digital businesses are much broader than those in a betting platform. The type of cybersecurity required may differ depending on the type of business and its needs. However, here are some of the most common ones.
Zero Trust Security
Digital businesses aren't the same as offline businesses. When handling a digital business, operators must know who has access to the company's information and who doesn't. Before the digital era, most business owners simply trusted everyone on the inside and blocked those on the outside. This no longer works in modern digital businesses.
Modern cybersecurity must verify every user and device accessing company resources to stay secure. This is called Zero Trust Security, which means protecting internal security problems and external threats.
Employee Digital Training
Despite implementing Zero Trust Security, providing full access to some of the employees on the inside is unavoidable. Staff with full access should be aware of cybersecurity. They must also understand how to operate the implemented security technologies.
In these modern times, a business can use various advanced cybersecurity systems. Each employee must know how to utilize it. These can include:
Cyber threats constantly change, so training should be regular and updated. Companies must be able to adapt to ensure they can keep themselves and their clients safe.
Security Automation
Although human capabilities in handling cybersecurity are important, this isn't the most effective way for bigger companies to remain safe. Fortunately, many security systems provide automation that allows companies to minimize the impact of human factors. The automation can handle numerous security alarms to ensure it notifies the human handlers if there are threats and provides mitigation protocols.
FAQ
What Is Cybersecurity?
Cybersecurity is the act of securing networks and computer systems from unauthorized access that may damage the platform. Examples include information risk, data destruction, etc.
What Is The Role of Cybersecurity in Digital Transformation?
Cybersecurity protects digital platforms and their resources from cyber threats.
Is Cybersecurity Important for Small Businesses?
Cybersecurity is essential for all digital businesses, including smaller ones. All online platforms and companies can be exposed to identity theft, information theft, and other cyberattacks.
This is where cybersecurity plays its part. Businesses and platforms that operate mainly digitally must actively protect their customers. In the case of betting platforms, consumers store their money in their accounts. Therefore, operators must be capable of providing a highly secure environment. Here are some of the key roles of cyber security for digital businesses.
Cybersecurity Roles in Betting Platforms
Among various types of platforms, betting platforms may be one of the platforms with the most money transactions daily. Bettors store funds in their accounts and make deposits regularly. On the other hand, operators must also securely receive the placed wagers to profit and pay the bettors' winnings.
As an operator, ensuring the platform works well and is safe to use is essential. Choosing the best aggregators to connect the operator to many reliable providers like Hub88 isn't the only necessary preparation. Operators must also understand how to set up robust cybersecurity measures. Therefore, they can convince bettors the platform is trustworthy enough to choose from.
SSL Encryption
SSL (Secure Socket Layer) encryption is the most fundamental security measure for a betting site. This encryption ensures secure connections between the betting platform's server and the user's device, making all data exchanged between the two unreadable to third parties.
Betting platforms deal with heaps of sensitive information, including:
- Bank card details
- Account passwords
- Betting histories
Most bettors would prefer these data remain private. This applies especially to bettors who deposit and withdraw significant amounts of money regularly. SSL encryption is essential in bettors' eyes, as it lowers the risk of fraud, hacking, and identity theft. Not to mention, most bettors can quickly tell if a website is SSL encrypted or not.
Two-Factor Authentication
Most people always like to find a two-factor authentication feature on money-related apps. This is because 2FA (Two-Factor Authentication) offers an extra layer of security. It makes it harder for cybercriminals to hack the account. If someone discovers the user's password, 2FA can still stop the hacker from logging into the account.
A 2FA feature is a must-have for a betting site. It gives bettors peace of mind, as they know their account has extra protection besides a strong password. However, not all betting platforms have implemented 2FA; the number of operators that do has been steadily increasing. It's slowly becoming a requirement to ensure bettors can better secure their accounts.
The most basic form of 2FA is a one-time password, a random number combination sent to the user's chosen contact. However, biometric authentication provides even stronger protection.
Firewall and Anti-Fraud System
Most cybersecurity features aim to provide an extra layer of security for users. Yet, operators must also be able to protect their overall platform from cyberattacks. Firewalls and anti-fraud systems are often the solution.
A firewall is a barrier separating the site's internal network from the broader internet. It can monitor all incoming and outgoing traffic and block suspicious activity that might harm the site's integrity. Hackers often try to overwhelm a platform with traffic that will lead to a crash (Distributed Denial of Service, or DDoS). Experiencing DDoS during peak season can lead to a significant loss for big betting platforms.
Meanwhile, anti-fraud systems monitor all behaviors on the platform and can spot fraud or cheating from users. This system helps operators prevent money laundering and other illegal activities that can harm the platform.
Although it might sound more beneficial for the operator, an anti-fraud system ensures bettors always play on a level field. It's like ensuring no players cheat so everyone receives equal chances.
Cybersecurity Roles in Digital Businesses
Cybersecurity roles in digital businesses are much broader than those in a betting platform. The type of cybersecurity required may differ depending on the type of business and its needs. However, here are some of the most common ones.
Zero Trust Security
Digital businesses aren't the same as offline businesses. When handling a digital business, operators must know who has access to the company's information and who doesn't. Before the digital era, most business owners simply trusted everyone on the inside and blocked those on the outside. This no longer works in modern digital businesses.
Modern cybersecurity must verify every user and device accessing company resources to stay secure. This is called Zero Trust Security, which means protecting internal security problems and external threats.
Employee Digital Training
Despite implementing Zero Trust Security, providing full access to some of the employees on the inside is unavoidable. Staff with full access should be aware of cybersecurity. They must also understand how to operate the implemented security technologies.
In these modern times, a business can use various advanced cybersecurity systems. Each employee must know how to utilize it. These can include:
- How to avoid phishing emails
- How to set robust passwords
- Which password manager to use and how to secure it
- How to handle sensitive information
Cyber threats constantly change, so training should be regular and updated. Companies must be able to adapt to ensure they can keep themselves and their clients safe.
Security Automation
Although human capabilities in handling cybersecurity are important, this isn't the most effective way for bigger companies to remain safe. Fortunately, many security systems provide automation that allows companies to minimize the impact of human factors. The automation can handle numerous security alarms to ensure it notifies the human handlers if there are threats and provides mitigation protocols.
FAQ
What Is Cybersecurity?
Cybersecurity is the act of securing networks and computer systems from unauthorized access that may damage the platform. Examples include information risk, data destruction, etc.
What Is The Role of Cybersecurity in Digital Transformation?
Cybersecurity protects digital platforms and their resources from cyber threats.
Is Cybersecurity Important for Small Businesses?
Cybersecurity is essential for all digital businesses, including smaller ones. All online platforms and companies can be exposed to identity theft, information theft, and other cyberattacks.
Source - Byo24News
