A new Cyber Resiliency Committee has been formed by the International Gaming Standards Association to develop cyber standards for gaming businesses.
The IGSA Committee is focusing its efforts on cyber risk management standards, cybersecurity governance standards and casino operator framework standards.
Aristocrat Technologies Light & Wonder, and AXES.ai members of the IGSA have declared their support to this new committee.
IGSA focuses on cyber standards
Peter DeRaedt, IGSA President said: “We will lead a concerted initiative to develop cyber standards for our industry thanks to our Platinum and gold members’ incredible leadership.”
This committee will ask experts from our members to develop standards that are ready to use to enhance cyber resilience.
We are thankful that our Chairman (AXES.ai’s CEO Earle Hall) has offered to serve as an interim chair. “He will be leading this committee which we expect will provide much-needed guidance and support for our industry.”
Hall says: “It’s very encouraging to see IGSA Platinum members and Gold Members come together quickly to tackle the alarming increase in cybersecurity issues within our industry.
Our members agree that the cybersecurity of all gambling suppliers is a priority to ensure operators’ safety and to safeguard our entire industry.
Cyber attacks on online and land-based casino
This news follows a spate of cyber attacks on several online and land-based casinos.
MGM Resorts International had to shutdown certain systems on its properties due to a cyber-security issue. This incident occurred earlier in the month, and it caused some disruptions at MGM Resorts International’s casino locations.
MGM Resorts announced this week that it was still working to “normalize operations” in its Excalibur Casino, Las Vegas following the attacks. MGM Resorts, who operates 19 casinos in the US, has also maintained that its gaming facilities will remain open.
Caesars has also been recently affected by a cyber attack, which revealed that the database of its loyalty program was compromised.
After identifying “suspicious activities” in the operator’s wider network, it said that they had deployed response protocols as well as launched an investigation. The operator said that the social engineering attacks on its outsourced IT services were responsible for this activity.
Stake.com, a cryptocurrency sportsbook and online casino that accepts bitcoins, reported several unauthorised transfers in the month of April. This incident affected Ethereum, Polygon, and Binance Smart Chain on Stake.com.
Stake.com confirmed that transfers from its Hot Wallets were not authorised. It added, however, that the funds of users were secure.