Post
Topic
Board Gambling
Re: is KYC data on Gambling sites safe?
by
Fredomago
on 01/07/2023, 19:09:02 UTC

While to some, KYC norms may feel like a "no-brainer," they ignite anxiety in others, stirring fears of digital theft or privacy invasion. So, where lies the remedy? In robust cybersecurity. Esteemed casinos secure personal information, but remember, "safe" is a fluid term. Even with advanced firewalls and encryption, cyber-goons find their way in. Reflecting on gambler-involved misdemeanors, yes, KYC can dissuade crime. But, could this data, mishandled, fuel identity theft or fraud?
What you have cited are the negative scenarios that could occur based on the information submitted through KYC requirements. However, let's go back to the basics. Nowadays, casinos are mostly regulated, and this regulation makes them legitimate. However, it also comes with a price. Regulators impose KYC requirements, and gambling sites are obligated to implement them. It's a matter of compliance—either they adhere to the regulations or risk being excluded from the industry.
But for me it's better to seek to an old casino or trusted enough to play with because nowadays casino's will ask KYC to their customers because they have the rules and regulations, but if a casino will ask some KYC then that's for sure a licensed casino because nowadays there are many licensed casino make their rules and regulations to ask an KYC. Because it will determined that they are a licensed casino.

If you are willing to take part or i mean if you are willing to provide your data better to deal with it with a established and trusted casino, they might be more care about it as they know that it was the business that in stake if ever that a date breach will happen, they will be more on the security side and they have that good allocated budget for that to the point that they will provide additional layers for any possible attack, layer that will guard those data no assurance but additional security will give some breath for the business.