SBC SUMMIT LATINOAMÉRICA Seminole Hard Rock Hotel & Casino, Hollywood, Florida, October 31-November 2, 2023
Continent 8:
LatAm is a hotbed for cybercrime
Latin America is recording the world’s highest cyber attack rates with nearly three times as many attacks via mobile browsers as the global average. Gabriel Szlaifsztein, General Manager – LatAm at Continent 8 Technologies, explains why the only way to
successfully mitigate the risk of falling victim to a cyber attack is through a multi-layered approach to security.
At the beginning of November, you attended SBC Summit Latinoamérica in Miami. How do you reflect on the event?
It was a brilliant event, bringing together people from Latin America’s sports betting and iGaming markets and providing an engaging environment for connecting, networking and sharing knowledge.
I personally enjoyed taking to the stage to deliver a presentation on cybersecurity, discussing the types of attacks the industry is seeing, the potential impact of an attack on a business, and how businesses can protect themselves from such threats.
We were proud sponsors of the Official Networking Party, which was held at LoanDepot Park, home of the Miami Marlins. Attendees were able to take to the field for an evening of chatting, pitching and catching while wearing very special Continent 8-branded baseball jerseys.
It was a night to remember, especially for those able to hit a home run! Te week was rounded off with an incredible high when we were crowned Marketing & Services Provider of the Year at the SBC Summit Latinoamérica Awards.
Ultimately, this means taking a layered approach to security and ensuring they have the tools in place, such as DDoS and WAAP as well as EDR/MDR and SIEM/SOC, to mitigate the threats being faced.
Gabriel Szlaifsztein General Manager – LatAm, Continent 8 Technologies
What is the state of cybersecurity in the online gaming industry?
Cybersecurity has emerged as a critical area of focus for operators and suppliers and is now a very hot topic across the entire sector. Te global online gambling industry is one of the most attacked, so it is vital that all stakeholders take this threat seriously and more so than ever before.
Te number of cyber attacks is rising exponentially, but so too is the size, duration and sophistication of attacks and that’s why organisations need to be prepared.
The number of cyber attacks is rising exponentially, but so too is the size, duration and sophistication of attacks and that’s why organisations need to be prepared. Ultimately, this means taking a layered approach to security and ensuring they have the tools in place to mitigate the threats being faced.
P94 WIRE / PULSE / INSIGHT / REPORTS
How have the scope and scale of cyber attacks evolved in recent years? Have things escalated since the pandemic, or is there no correlation?
As mentioned above, the scope and scale of attacks have increased significantly in recent years. Attackers are more cunning, organised, sophisticated and determined than ever before and, unfortunately, they still enjoy high levels of success. Te volume of DDoS and Ransomware attacks is alarming, to say the least.
For example, we blocked 178 DDoS attacks against our customers in the second quarter of this year, which was almost double the 106 we blocked in the previous quarter. What’s more, 25 of those attacks had repeat attacks within 24 hours. Te size of attacks is also on the rise – in 2Q22 we saw the peak attack size hit 1.5Tbs.
Te pandemic was a boom time for cyber attacks. It is widely reported that phishing attacks and other scams were targeted to exploit human fears during this time. Tis was compounded by an increase in the number of people working from home which in turn made organisations and their people even more exposed and vulnerable. While the pandemic certainly fuelled cybercrime, even now after the event we will continue to see this rise.
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