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DDOS Attacks Just part Of Online Gambling Business

Friday July 19,2013 :  DDOS  A PART OF DOING BUSINESS IN ONLINE GAMBLING?
 
Bitcoin used for accepting extortion payments
 
The incidence of Distributed Denial of Services,DDOS,  is sufficiently high in the online gambling business for some executives to feel it is part of doing business.
 
In an article on the threat, the publication claims that "....in the world of online gambling….far-removed from the arch menace of NSA agents or Chinese hackers, the people targeting betting websites are just a constant nuisance.
 
"Their modus operandi is to launch, or threaten to launch Distributed Denial of Service attacks, purposeful acts of sabotage where typically a huge amount of data floods a website's server, overloading it and taking it offline."
 
The perpetrators usually demand extortion-like payments, sometimes using the untraceable virtual currency Bitcoin to collect payment from those victims who elect to pay up in order to avoid expensive outages to business, especially at peak betting times.
 
IB Times claims that its investigations have shown that DDoS criminals can even be hired to attack a particular website
 
Ashley Stephenson of web security firm Corero described DDoS criminals as "bottom feeders", but said the threat was a nuisance rather than an internet crime wave. He said that attacks are often planned to hit - or threaten to hit - just prior to major sporting events, when business for online sports betting sites soars.
 
Motives for launching DDoS assaults are not always extortion-based, says Stephenson: "We saw one example where a gaming company was changing the rules of their game, and the result of that rule change would make it harder for third-parties to make money off the game. Those parties were annoyed with that so launched DDoS style attacks on the company to try and reverse the rule changes in the game.
 
"You also get examples of people making large bets on say interactive poker, and then purposefully crashing the site if it looks like they're going to lose. In the physical word it's like getting up and tipping the table over."
 
Corero estimates than on average, a DDoS attack will cost a gambling site GBP 150,000 in lost business.
 
Stephenson says there are three ways to deal with it: pay the ransom, absorb the attack and the damage it causes; or fight the hit and then invest in technology that ensures there will not be a repeat of the experience.
 
He points out that relative to the potential damage caused by an attack, protection can be cheap, saying that Cloudflare, in the United States, offers DDoS protection for $200 a month. It's the equivalent, Stephenson says, of fitting your house with locks or your car with an alarm.
 
DDoS is unlikely to harm an industry, Stephenson opines, but the threat is a nuisance that should be guarded against.
 
"I wouldn't say it's routine yet, but it's expected. It's the cost of doing business on the internet," he concludes.
 
http://www.ibtimes.co.uk/articles/492388/20130719/ddos-attacks-cyber-security-online-gambling-poker.htm

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Gambling News :

More Computers Smashed in Online Gambling Raids - More computers seized in police online gambling raids were trashed Monday when the Serdang police destroyed 1,312 machines to keep them out of circulation.

2017 Aussie Millions Event 1 - The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.

Swiss Reject idea to Block Gambling Websites - The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.

Growth Ahead For Online Gambling - Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.

New Qubit software For SkyBetting - #qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.

Slotfather II Slot Launching - #betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..

Massachusetts Online Lottery Bill - Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.

Italy Doing Well With Online Sports betting - The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.

Michigan To Reintroduce Online Gambling Bill - #Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.

MGM Buys DC office building For lobbying team - #MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.

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