Topic: is KYC data on Gambling sites safe? - page 4. (Read 2736 times)

Quote from: Haunebu on June 30, 2023, 09:21:19 AM

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.

mak013

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If you data is secret - the best way don`t share it. Nowadays we see how big companies loose their clients data. So when we talking about casino - we have to assume that our data would be stolen. But as for me - we lose our data every day, and if you worry about it - you mustn`t provide your data anybody, not only casino.

klidex

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What I know is that a reputable casino has the right to request KYC from customers suspected of any problem and the casino will always protect the personal data of their customers even if the KYC fails to pass verification.
Of course the casino always maintains the good name of the company by keeping personal data safe from hacking or data theft.

It is true that the casino has the right to request KYC for various reasons, but they don't have the right to harass customers using KYC and the TOS as their weapons which is what's happening in the Stake case.

These are just a couple of reasons as to why so many gamblers detest KYC and submit it only if absolutely necessary.

Actually this is not the right time and place to talk about the casino you mentioned.
But I think the casino you mentioned has never harassed customers using KYC or Tos and in the complainant's thread there has been no clarification of the truth of the problem that occurred so let's just wait and see what happens and for me it's a big and reputable casino that always gives weekly prizes $8 million worth of customers wouldn't be able to scam his customers out of just $60k.
If indeed many gamblers hate the KYC system I think there are still casinos that don't require KYC.

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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.

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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.

You are very correct and I completely agree with you, you know that many a times, gamblers make the issue of kyc sound like it is the casino on their own who want to stress their users through mandatory kyc, we completely forget that even some of this casinos wish they don't have to subject their users to mandatory kyc process, but they have no choice since it is one of the crucial requirements for them to continue to keep their operational license without issues..

Though this not to say that there are no bad eggs casinos that have used kyc as a means to defraud their users, this is a fact that can not be denied.

maydna

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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.

And even though the casinos can choose, they still cannot avoid it and are forced to follow the existing regulations because if they don't, the government might come by force and continue to pressure the casinos. And for trusted casinos, I'm sure they can secure their users' data properly. And even though there is bound to be an attack on the casino, the security team of the casino will try to protect the casino, and so far, the trusted casinos have done what needs to be done. Even though we don't know the truth, at least a trusted casino will do its job to protect user data.

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Quote from: Rabata on June 30, 2023, 10:14:35 PM

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.

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Quote from: komisariatku on May 30, 2023, 11:26:37 AM

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

All the people are not the same so there are many variations in their way of thinking. KYC seems normal to some but dangerous to others. Overall casino gambling platform can benefit a gambler in several ways. In particular, it is possible to get proper solutions for withdrawal and account related problems. Now a days a gambler's personal information is stored securely in all the reputable casinos or gambling platforms. A gambler can be involved in various types of crimes. Once KYC is completed, casino gambling platforms have information of the customers so that no one can commit crimes.

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?

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Quote from: komisariatku on May 30, 2023, 11:26:37 AM

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

All the people are not the same so there are many variations in their way of thinking. KYC seems normal to some but dangerous to others. Overall casino gambling platform can benefit a gambler in several ways. In particular, it is possible to get proper solutions for withdrawal and account related problems. Now a days a gambler's personal information is stored securely in all the reputable casinos or gambling platforms. A gambler can be involved in various types of crimes. Once KYC is completed, casino gambling platforms have information of the customers so that no one can commit crimes.

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Quote from: DoublerHunter on June 28, 2023, 06:17:11 PM

Quote from: chigo on June 28, 2023, 05:49:42 PM

~snip~
afaik, the KYC problem lies only in whether or not you believe in the gambling site you are playing on, however, don't give your personal data carelessly, but if you are sure of the gambling site you are playing on, there's nothing wrong with that.

^That is the problem here, the word entrust must be what you will find first in the casinos.
Because for me KYC measures are typically implemented by reputable gambling sites to ensure compliance with regulations and to establish the identity of their customers, thereby enhancing security and preventing fraudulent activities. Consequently, if you have taken the necessary precautions and have confidence in the platform's credibility, there may be no inherent harm in providing the required personal information as part of the KYC process. Probably it is always prudent to exercise discretion and ensure that you are comfortable with the level of trust you place in the gambling site before disclosing any sensitive data.

I think the gambling industry has matured a lot over the years and we have many great casinos in which we trust, however even if this is the case there is no way to guarantee that information is always going to remain safe.

After all there are hackers out there which are always looking to get that information out of them, and we must not forget that sometimes a rogue employee which is discontent for some reason or another could steal that information to damage their reputation, scenarios which we have seen before in this market or other industries, and which put at risk our personal information regardless of how high the reputation of our favorite casino could be.

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Quote from: Pandu Geddon on June 30, 2023, 11:15:49 AM

Quote from: summonerrk on June 30, 2023, 10:52:56 AM

I will immediately answer that I am definitely not safe. The fact is that in recent years we have all heard a lot of news about the hacking of the largest food delivery services, online stores and the like. All these services had very strong protection, they had hired a staff of IT specialists, who in the end could not protect the data.
Now there is a lot of our data in the Dark Net due to such leaks from large services.

Well, what can we say about small gambling platforms. Which clearly do not have such protection, and hacking their protection is an easy matter for a hacker.

I guess hackers will make a bigger target for them to get. like a big exchange or even data from a big Bank in a country. hackers managed to get data from small casino users, with security that I think would be easy enough for them to break. but I believe hackers have a bigger target than taking care of user data from a newly established casino.
However, a strengthened security system also has a risk of being infiltrated by hackers. The most important thing is that we play at a casino that already has a good reputation and is also trusted when facing problems such as hacking or others problems.

The fact is that hackers are different and not all seek to hack a large bank or a large platform. Sometimes they work more pointwise. It is enough for them to know that you have money in one of the bitcoin wallets, and they will search for data about you. They will collect information about your last name, address, phone, in any way on crypto platforms. And sometimes they will only lack documents before hacking your account on one of the exchanges. Which they will then be able to find on the hacked gambling site. And then they will go to the exchange and will contact support on your behalf, providing the documents stolen from you so that they will be given access to wallets.
We live during a Big Date, and there is a lot of information, you just need to be able to use it correctly, that's what attackers do.

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Quote from: summonerrk on June 30, 2023, 10:52:56 AM

I will immediately answer that I am definitely not safe. The fact is that in recent years we have all heard a lot of news about the hacking of the largest food delivery services, online stores and the like. All these services had very strong protection, they had hired a staff of IT specialists, who in the end could not protect the data.
Now there is a lot of our data in the Dark Net due to such leaks from large services.

Well, what can we say about small gambling platforms. Which clearly do not have such protection, and hacking their protection is an easy matter for a hacker.

I guess hackers will make a bigger target for them to get. like a big exchange or even data from a big Bank in a country. hackers managed to get data from small casino users, with security that I think would be easy enough for them to break. but I believe hackers have a bigger target than taking care of user data from a newly established casino.
However, a strengthened security system also has a risk of being infiltrated by hackers. The most important thing is that we play at a casino that already has a good reputation and is also trusted when facing problems such as hacking or others problems.

summonerrk

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Quote from: komisariatku on May 30, 2023, 11:26:37 AM

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.

Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

I will immediately answer that I am definitely not safe. The fact is that in recent years we have all heard a lot of news about the hacking of the largest food delivery services, online stores and the like. All these services had very strong protection, they had hired a staff of IT specialists, who in the end could not protect the data.
Now there is a lot of our data in the Dark Net due to such leaks from large services.

Well, what can we say about small gambling platforms. Which clearly do not have such protection, and hacking their protection is an easy matter for a hacker.

Viscore

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Quote from: Fivestar4everMVP on June 30, 2023, 09:59:32 AM

Quote from: Haunebu on June 30, 2023, 09:21:19 AM

Quote from: Haunebu on June 30, 2023, 09:21:19 AM

What I know is that a reputable casino has the right to request KYC from customers suspected of any problem and the casino will always protect the personal data of their customers even if the KYC fails to pass verification.
Of course the casino always maintains the good name of the company by keeping personal data safe from hacking or data theft.

It is true that the casino has the right to request KYC for various reasons, but they don't have the right to harass customers using KYC and the TOS as their weapons which is what's happening in the Stake case.

These are just a couple of reasons as to why so many gamblers detest KYC and submit it only if absolutely necessary.

Has there been any reported situation where Stake is harassing customers due to kyc verification?, maybe you share as it seems I missed it..

Anyways, we are just being to hard on ourselves when it comes to kyc, one thing certain is that every business collects customers data in one way or the other, for example, go to your local bank, shopping mall, hair salon etc, your presence there is already a kyc on its own, there might be security cameras around and have captured an image of you, why is it that we do not complain about all of those stuff?

Harassment is another matter; casinos operate like robots, strictly adhering to their systems. They have no personal knowledge of their gamblers. It's quite simple: if you wish to continue gambling, you must comply with the KYC requirements. If you choose not to provide the necessary information, then it's best to stop gambling altogether.

Casinos face penalties for any mishandling or unauthorized disclosure of our information, so it's unlikely that they would engage in any foolish acts of harassing their clients.

Fivestar4everMVP

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What I know is that a reputable casino has the right to request KYC from customers suspected of any problem and the casino will always protect the personal data of their customers even if the KYC fails to pass verification.
Of course the casino always maintains the good name of the company by keeping personal data safe from hacking or data theft.

It is true that the casino has the right to request KYC for various reasons, but they don't have the right to harass customers using KYC and the TOS as their weapons which is what's happening in the Stake case.

These are just a couple of reasons as to why so many gamblers detest KYC and submit it only if absolutely necessary.

Has there been any reported situation where Stake is harassing customers due to kyc verification?, maybe you share as it seems I missed it..

Anyways, we are just being to hard on ourselves when it comes to kyc, one thing certain is that every business collects customers data in one way or the other, for example, go to your local bank, shopping mall, hair salon etc, your presence there is already a kyc on its own, there might be security cameras around and have captured an image of you, why is it that we do not complain about all of those stuff?

Doan9269

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You should always remember, nothing is safe on the internet. There are chances that your data might get leaked. Have you seen how often there are "leaks" and "breaches" even in those very reputable companies? So yeah, it is a risk you have to accept or else you will limit yourself to lesser options on the internet.

There may not be any safety in terms of privacy with the use of the internet but there are advanced technology system that are privately secured and safe for us to use and have our informations there, such could be found with the use of the blockchain technology system.

There aren't much services that provides anything without KYC. It all depends on who you choose. As long as you play in casinos that are well reputed, the chances are less of your data to be misused or mishandled.

There are services that are completely decentralized as long as you known how to search for one and identify such, this also depends on the field you're involved with the need of such, there's an accurate answer to every of your findings as long as you can look for them while searching.

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Quote from: Hamphser on June 29, 2023, 05:08:33 PM

What I know is that a reputable casino has the right to request KYC from customers suspected of any problem and the casino will always protect the personal data of their customers even if the KYC fails to pass verification.
Of course the casino always maintains the good name of the company by keeping personal data safe from hacking or data theft.

It is true that the casino has the right to request KYC for various reasons, but they don't have the right to harass customers using KYC and the TOS as their weapons which is what's happening in the Stake case.

These are just a couple of reasons as to why so many gamblers detest KYC and submit it only if absolutely necessary.

klidex

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.

I apologize if I cut your reply because this is not the right place to discuss this because there is no complete answer as to who is wrong and who is right.
What I know is that a reputable casino has the right to request KYC from customers suspected of any problem and the casino will always protect the personal data of their customers even if the KYC fails to pass verification.
Of course the casino always maintains the good name of the company by keeping personal data safe from hacking or data theft.
However, it must always be remembered that there are no guarantees and all decisions return to ourselves whether to choose KYC or not.

Mr. Magkaisa

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You should always remember, nothing is safe on the internet. There are chances that your data might get leaked. Have you seen how often there are "leaks" and "breaches" even in those very reputable companies? So yeah, it is a risk you have to accept or else you will limit yourself to lesser options on the internet. There aren't much services that provides anything without KYC. It all depends on who you choose. As long as you play in casinos that are well reputed, the chances are less of your data to be misused or mishandled.

- What you said is true, so it is not good to connect to an internet that you are not sure if it is safe or not. Especially in public areas that are prone to hacking and other breaches that can affect our device.

Extra caution is still really needed in these kinds of situations actually, as long as we don't immediately connect our devices so as not to be in danger. So what you mentioned is correct. Thank you for the reminders like this you said.

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