While security it is a place in which a casino should invest heavily to protect themselves from threats like hackers, some casinos try to lower their costs and decide to slash their security budget as this is something that cannot be seen by the player and many times it is just assumed that the casino is doing everything they can to protect their customers, however later on those casinos are found by hackers and that is when we hear of the massive hacks that can happen to casinos and exchanges as their security was not up to the standards required in the industry to secure the funds of their customers.
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Prevention is better than cure." If the casino owners want to have a successful casino and be able to compete then the security of their platform must be one of their highest priorities. Besides, in case they get hacked they will lose way more than what they would've saved by lowering the security budget.
It's not only about money, if they get hacked they will lose the trust of their customers which will be hard to regain.
Without a doubt, however there are some business owner that are just that shortsighted, they think of nothing but the profits and if they can cut corners here and there then that is something that they are going to do, which is unfortunate because having the best security possible not only delays the hackers but also reduces the impact in the case they do happen to steal from the casino and limits the damage they can inflict, something that is key if the casino wants to continue their operations after a hack.