Topic: Security measures in casinos are better than exchanges! (Read 339 times)

Yes, there's no proof to it but rather this is really just that an assumptions basing up on what we are seeing.I cant remember on how many exchange platforms that being hacked and how many gambling

site or platforms had been breached or exploited out.Making up some comparison about these exploits are totally useless or not really that relevant considering that this is really just losing money
on whatever company that it would really be that affected. This is why it would be that better not to mind yourself trying to find out which one does have the greatest number of hacks and exploits
in regarding on the service and things that they do offer in the public. Security measures? It would really be just that normal but we know that there's no such thing about not being unhackable on this world but we know that security measures should really be top-notch in speaking in correlating themselves into business which do stored out tons of money which it is one of the most important or
the main priority when running this one.

Trust is built up overtime on the time that the community do able to see that they could really be able to trust on the platform that they are really that using and this is where popularity
and ranking would really be relevant on each other and we arent that blind of it.

Well, this is a very interesting question, although it could be that exahnges are more targets for hackers to attack, because I think that casinos also represent money and they can also be attacked, I am inclined to think that casinos can be attacked more , Due to all that is being seen now about AI , about games that can be rigged in sports, due to this series of things, it can also be a vulnerable and good target to be attacked , however it would be Interesting to see where these Statistics could be found. Because it would be very good to know, when we don't Suppose to think that it Would be as easy, well I don't know, because both exchanges and scasins invest a lot of money in their security, more than they store a lot of money and that's something Significantly, it could be thought that things when with crypto have to be more vulnerable , because wherever transfers enter their wallets immediately, this type of thing is what every exchange, every casino must verify. and manage a lot of the money, not that it is there but that it has a special protocol so that it can be withdrawn.

In the casinos they are making security updates every moment, at least that's what I have seen in stake.com when they do their maintenance within the platform, it is not surprising that they have security specialists with AI for your security, because this casino It handles a large amount of money, but as for the exchanges, yes, it's true, the exchanges handle much more money, and it's more delicate, I don't know if you remember, but the time Binance was hacked, they hacked it with a whole google 2FA authenticator, for the hackers that was not a problem, they still hacked it and did everything they had to do, they Stole many millions of dollars, even so, the security of the Binance exchange is now one of the strongest, because with all the help they I think that the most important things to invest in are always robbed, for sure.
In the casinos they are making security updates every moment, at least that's what I have seen in stake.com when they do their maintenance within the platform, it is not surprising that they have security specialists with AI for your security, because this casino It handles a large amount of money, but as for the exchanges, yes, it's true , the exchanges handle much more money, and it's more delicate, I don't know if you remember, but the time Binance was hacked, they hacked it with a whole google 2FA authenticator , for the hackers that was not a problem, they still hacked it and did everything they had to do, they stole many millions of dollars, even so, the security of the Binance exchange is now one of the strongest, because with all the help they I think that the most important things to invest in are Always Robbed, for sure.

The hackers mostly target the exchanges because the number of users in the exchanges will be more in number as compared to the gambling sites.The amount of dollars hold by the individual in the exchanges will be more as compared to gamblers in their gambling sites.The security measure was same in the both gambling and exchange.The exchange had a seed which is additional one compared to the gambling site.The exchange had more attack by the hackers,So the exchange had seeds and phase to login.This seeds and phase are unique to exchange as compared to gambling sites.

My personal impression is that exchanges suffer more vulnerabilities than casinos because they are the most obvious target for a hacker who wishes to steal millions of dollars in a single hit. Besides, an exchange may have more employees, which could be translated to an increased risk when dealing with social engineering.

I have personally set some strong security measures in the exchange I use, and I feel rather safe with a security key. It is an option I have not seen in other casinos, most of them rely their security in 2FA tokens which are stored in one's phone.

Also, it could be that casinos which suffer those vulnerabilities are not such important news so everyone ends up knowing about it or reading it on the internet.

Not true. Both, the casinos and the exchanges have equal risk of getting hack or breached. It is just that the hackers or criminals target exchange more than casinos because it is more "profitable" for them to go after exchanges. And it is not true that casinos don't get hacked. There are thousands of online casinos and you will  hundreds of cases where casinos have been a victim of getting hacked and losing user funds. Never store your coins in a casino thinking that it will be more safe than exchanges. Always use your own wallet where you have access to the keys and keep the wallets secure.

I certainly agree, lots of casinos have been hacked but there isn't loud news about it since they're just small casinos compared to big exchanges which are known to have huge funds and that's the reason why they're being targeted by hackers and scammers. Strong security measures is necessary to protect the users whenever its a casino or an exchange because to be honest, hackers are getting even smarter now. They also improving each day and they're always trying to look for better ways to steal other people's funds so we always have to store our funds in a safer wallet.  

Well, how I choose to view this is that, with the rate of how crypto exchanges are hacked, and the same kind of hack does not seem to happen on online gambling casinos , it only points to the fact that most hacking done on crypto exchanges are as a result of an insider job, like I mentioned or stated on my previous comment, exchanges employs way more staffs than gambling casino , basically, two or three persons can manage a gambling casino , but for crypto exchanges, that is not possible due to the complexity of the systems ,and like we all know , the more the staffs employed, the higher the chances of having a bad egg amongst them .

Based on my experience never seen a casino get hacked or they just didn't broadcast and just happened when their server is down, There's no safety right now in the internet so just one mistake all the hackers now can easily make an injection with the system and now have a fully access without getting any trouble, still possible hacks but the casino must aware with the possible attacks for sure they already make a lot of defensive security to make sure there's no possible vulnerability on their system or the device they are using, those security is just a small portion on them as expensive than the number of earnings they could get to their players so don't hesitate to invest in security not only for casino for all too.

It's not which one is better, it's the question which one has the biggest "pot". And with that, my vote goes to the exchanges, and most likely it has set the precent already when Mt. Gox was hacked, every hacker and criminals in the world dream of hacking a big exchange and taking all the loot.
And for those who are not aware of, there is a certain group, called the Lazarus by the communist North Koreans who has been put up by their government to target all exchanges in the world and steal millions of dollars. You can check it out yourself if you have doubts about this group.

Let me say that maybe this was just your own assumption but I don't think there's anything to proof this because exchages close down and likewise casinos or any gambling platform may ceased from operations due to any reasons, but we have to reason along that both were hackable, knowing this alone, how much attention do this centralized network make adequate preparation for the security measures against their system being attacked, who are the developers that controls the platforms, are they reliable, do they focus on building a strong security network or they are after making their own money and spending less for maintenance, the two have almost same risk and I don't think i will vote for one being higher than the other.

I think both casino and exchanges are prone to breach and hacking because both of these holds great amount of money. And I don't think it's fair to compare both security measures because these two provides preventive and protective measures in order to make their players/customers safe and secured. If there is really a data which confirms that exchanges have more cases being hacked than casinos, well it doesn't necessarily mean that their security measures are better compared to the other. It's just happen that exchanges are being more targeted by hackers. And of course, maybe hackers see more money in hacking exchanges than casinos.

there are probably a lot more attempts to hack an exchange than hack a casino!!! It's more rewarding for sure!   

But if you go to see in detail the cases exchanges get hacked or in which there was actually a failure due to an external attack are actually not that frequent and mostly can be related to scams etc....

Both platforms also have a strong reputation for security and reliability but many times it does not protect users from possible hacks and scams. It is true that casinos have less scams because they are well managed by different teams and developers. The reliability of the exchanges is very low various scammers opened new exchange sites and it increased two or three times after a few days. Then after a few days, they saw that the market has gone down in such a way that there is very little chance of going up. Then the investors suffer a lot. Then they lose a lot of money and fall into the hands of hackers scams can be avoided if they are monitored properly depending on the individual.

Of course, this two platforms have the best security measures in the world because it deals with huge money to begin with. But the hackers have been described as one step of the game, so regardless which one has the best security measures, they can still hack it if they want. For sure both exchanges and casinos have teams to monitor everything in their system and flag if they see some suspicious activities.

But still depends on the criminals, as they love to target exchanges because of the huge money in their wallets that they can easily hack.

It will depend on how good the security team is from each exchange or gambling site. If they have a good and highly skilled security team, it is less likely that we will hear of the site being hacked and vice versa. But there is a possibility that either the exchange or the casino could hide the news about the hacking that happened in their business from the public so that no one knows.

But indeed, we hear more about exchanges experiencing hacks than casinos because what happens to exchanges might be spread by irresponsible people so they can take advantage of the situation. In other words, if there is news that an exchange has been hacked, it will immediately affect the market and the prices of those coins will fall including the price of bitcoins. But if any hack happens in the casino, it won't affect the market price because it's not a crushing attack for the traders. Even though there are parties who are disadvantaged in this case, namely gamblers, the market continues to operate normally as usual.

You're not digging enough there have been hacked casinos in the past, but compared to casinos they did not create a big noise in the community, because there are more users in exchanges than casinos, and the community is actively trading every holder has an account on exchanges so it's a big concern if exchanges are hacked.

When it comes to hacking number matters, Hackers will prefer to hack exchanges because of the huge funds involved.


 

Gambling casinos do not have better security than crypto exchanges my friend, the reason why there is less or no hack and breaches in online casinos is simply because , gambling casinos usually do no have as much users and staffs compared to trading exchanges , and again is that , most gamblers do not leave their funds on online gambling casinos , and when they do , it's always a very tiny amount , but on crypto exchanges, many traders leave coins worth millions of dollars on their accounts , which is very juicy for the hackers if they manage to hack the exchange , and also , the hot wallet of crypto exchanges usually hold coins and tokens worth hundreds of millions of dollars if not billions, but no body even knows the hot wallet address of online casinos , this is if they even have a hot wallet .

If I were a hacker and given the choice to choose between the casino and the exchange I would be hacking, I would probably choose to do a big exchange hack because there are a lot of funds stored there compared to the casinos.
That's just an assumption and doesn't mean the casino doesn't have a lot of funds.
Hacking will be done by hackers not choosing and when many hackers target exchanges as a place to carry out the action does not mean that the casino is safe from hacking. Maybe it's not up to the casino action that they are doing at this time.

As a precaution, neither casinos nor exchanges are safe places to store funds.
Learning from my experience, don't also withdraw all funds at the casino by emptying the balance because you won a bet, there are casinos that won't let players do this. At a minimum, save the funds you get from big wins, around 30% as capital to play again.

Your argument is oversimplified and illogical. You claim that the lesser number of reported incidents means higher security. This could be true but could be completely false.
You need to compare the scale and specifics of those 2 industries. Exchanges are an order of magnitude greater than casinos (we're only considering crypto-casinos here) and have way more complex crypto-related operations, therefore have more vulnerabilities and attract more attackers (as the incentive is far greater).
To give you an example: if I had a mobile crypto wallet downloaded from an unknown source and had my seed phrase written down and lying around, but never been hacked - would that mean my security measures are better than those of exchanges (or casinos)?

You can't compare the amount of money in an exchange to a casino. The ratio of people who leave money in exchanges are higher than those who leave money in casino wallet.

Yesterday, there a topic on whether an individual should save their money in online casinos. And almost every body thought that that was such as terrible idea because it leaves room for hackers to start sniffing around online casinos. Casinos are like restaurants, you go in there, eat, pay for your meal and you are out. You do not keep your money there, neither do you stay there that is why restaurants have less robberies than banks.