Security is important. The value of that statement isn’t lost on many tech-driven industries like sports betting and iGaming, and as the world grows into the tech world and more industries make the jump to mobile-first interactions, content and technology, it’s important that personal data and information is secure while online.
As a sportsbook software provider, Altenar handles vast amounts of data daily and has taken a host of measures to ensure the safety of your players information, your operating information and much more. With dedicated teams working around the clock to build and create security frameworks from internal requirements to external must-haves.
Features For High Security Sportsbook Operations
As a sportsbook software provider Altenar has ample experience in hosting and implementing a host of security measures to ensure the compliance of global operators and the safety of bettors. Below you can see some must-have security features for your sportsbook operations.
Secure Socket Layer (SSL) Encryption
SSL ensures data confidentiality and keeps the integrity of the data by keeping it secure from any unauthorised tampering. On top of this, SSL encryption helps a sportsbook provider or operator comply with security standards and regulations like the ISO/IEC 27001. Overall, the use of SSL builds trust between you and your players and shows that you’re committed to the security of their personal and important data and information.
Two-Factor Authentication
Providing an additional layer of security, two-factor authentication brings better security as should any sensitive information such as credentials be attained by malicious actors, this additional layer should prevent any access to your personal information and data. Additionally, this type of authentication has an easy implementation and can assure further peace of mind for your players who could select from a host of two-factor authentication processes.
Fraud Detection and Prevention
There are a host of ways for a sportsbook provider and operator to detect and prevent fraud throughout the sports betting industry. So, what can a sportsbook provider and operator institute to reduce the likelihood of fraud? Let’s take a look: Monitoring betting patterns, know your customer procedures, limiting betting stakes, collaborating with law enforcement, using artificial intelligence and machine learning, regular audits and building suspicious activity reports.
Anti-Money Laundering (AML) Measures
Taking anti-money laundering measures is a must in the business of sports betting and sportsbook solutions providers like Altenar take specific and thorough measures to ensure the following are conducted, upheld and complied with: customer due diligence, transaction monitoring, KYC procedures, risk assessment, employee training, reporting, as well as technology and data analytics.
Identity Verification
Can help to prevent fraud, protects personal information, complies with regulatory requirements, enhances player and bettor experience, builds trust and ultimately streamlines business processes.
Regular Security Audits
The benefits of a sportsbook provider that conducts regular security audits, which are a must, are the following: any vulnerabilities are identified and mitigated or fixed, they ensure compliance, protect player and bettor data, increase player to operator trust, improve business continuity and can also reduce financial risk and loss.
Google Cloud Services | Sportsbook Security Designed For The Future
Altenar is a sportsbook software provider that makes use of Google Cloud Services/Platform (GCP) to implement and support global and local operators with the best security practices and technology possible.
Below is a brief overview of how GCP is beneficial to Altenar’s sports betting operators:
Security features are a must-have in the world of online sports betting and iGaming and as more of the world takes the leap to the internet, operators should be looking for sportsbook solutions providers that have ample history and knowledge in the space.
By Louis Galea
iGaming & Tech Copywriter
Source: Altenar
