Continent 8: Sports Betting and Gaming Industry Faces ‘Unprecedented Cybersecurity Threat’
In light of the increasing prevalence of cyber threats within the igaming sector, Continent 8 Technologies, a global technology and data solutions enterprise specializing in infrastructure and cybersecurity services, has articulated an escalating cybersecurity threat facing the global betting and gaming companies, both land-based and online. This comes to light as the igaming community convenes in Nevada for the annual G2E Las Vegas exhibition and conference, coinciding with the 20th anniversary of Cybersecurity Awareness Month in October 2023.
Marking its 25th business year in 2023, Continent 8, established in 1998, boasts a network that spans 100 data centre locations across four continents. The company provides a myriad of technology infrastructure and connectivity solutions to prominent entities in the igaming industry through a singular, interconnected network.
The prevailing discourse, especially during Cybersecurity Awareness Month, hones in on the imperative need for bolstering cybersecurity frameworks amidst the surge of cyber attacks, underscored as an ‘unprecedented threat’ by Continent 8 Technologies. The confluence of the igaming industry’s exponential growth, intricately intertwined with digital platforms, has invariably rendered it susceptible to a spectrum of cyber threats.
Illuminating the subject further, the aforementioned company’s observations delineate that the amplitude and sophistication of cyber threats, specifically in the igaming sector, are augmenting. Thus, the overarching narrative calls for an amplified and resilient cybersecurity posture to safeguard integral data and maintain the continuum of operations within the igaming industry.
With igaming platforms becoming progressively interlaced with intricate technological frameworks, cybersecurity emanates as a pivotal concern, demanding a coherent and robust response from industry stakeholders. The collaborative initiatives and discussions stemming from events like the G2E Las Vegas conference accentuate a collective drive towards navigating and mitigating these digital challenges, ensuring the continuity and integrity of igaming operations on a global scale.
Michael Tobin, Founder and CEO of Continent 8 Technologies, said: “In the 25 years since Continent 8 was founded, the threat to the data, infrastructure and digital security of companies in the betting and gaming industry has never been higher.
“The scale and sophistication of these attacks is increasing year on year, so it’s critically important that organisations take a multi-layered approach to cybersecurity, protecting themselves from the mix of complex threats facing businesses in today’s world. What’s also important is ensuring your business is compliant, meeting stringent regulatory requirements across different markets.”
Patrick Gardner, Managing Partner of C8 Secure, a Continent 8 company, added: “With the average cost of a data breach reaching well into millions, and the gaming industry being a prime target, it’s crucial now more than ever for companies to bolster their cybersecurity measures. Both the online and land-based sectors must remain vigilant and proactive, ensuring protection of their data and infrastructure against increasingly evolving threats.”
