Gambling Industry Hit by Cybercrime

In an exclusive interview with Cyber Intelligence, Ido Naor, Co-founder and CEO of Security Joes, a cybersecurity firm specializing in incident response and crisis management services, explains why gambling is the latest sector to be targeted by cybercrime.

The rapid growth of online gambling that began during pandemic lockdowns has made the online gambling industry a honeypot for cybercrime. At the same time, research conducted by the UK Gambling Commission showed that online gamblers were spending more and were unlikely to change their gambling habits once the lockdown ended.

“There has been a big rise in gambling cybercrime ever since the pandemic lockdowns, when gamblers, including many high-stakes players, were forced to play online. Many players have since been reluctant to return to physical casinos, preferring online gambling, leaving the door open to fraud,” says Ido Naor, Co-founder and CEO of cybersecurity firm Security Joes.