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Betfair Data Breach

Friday , September 30, 2011 : Company failed to inform customers and kept incident under wraps
 
Online betting exchange Betfair is embroiled in a potential PR nightmare with the emergence of an incident involving wide-scale customer data theft that occurred just months before the company's flotation last year, according to British newspaper, The Telegraph.
 
The incident is believed to have taken place between March 28 and April 9 by criminals suspected of originating from Cambodia and involved the theft of sensitive data that included:
 
-     payment card details of most of its customers;
-     3.15 million account usernames with encrypted security questions;
-     2.9 million usernames with one or more addresses; and
-     89 744 account usernames with bank account details.
 
The attack allegedly went undiscovered until a "production log server" crashed at Betfair's Malta data centre more than two months after the initial breach which led to the detection of "at least another nine servers that had been compromised in the UK and two in Malta".
 
Betfair reportedly informed the UK Serious Organised Crime Agency, Australian and German law enforcement authorities, UK and Maltese regulators and its credit card payment processor the Royal Bank of Scotland, however, failed to inform its customers.
 
A Betfair spokesperson revealed that while the criminals had the expertise to decrypt payment card details, CVV2/CVC security numbers were not stolen along with other data which the Royal Bank of Scotland advised "significantly limits the ability of the cards to be used fraudulently".
 
Betfair has insisted that there was no risk to customers at the time and that the stolen data was unusable for fraudulent activity and had been recovered intact.
 
A Forensic Investigation Report on the theft by London-based Information Risk Management (IRM) said "Appropriate information security governance is not in place within Betfair and as a consequence the business has been exposed to significant risks."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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