Events
IAGA SUMMIT San Francisco 2019
Framed within the context of the growing use of high- tech gaming devices and the wealth of data they provide to operators, this session will explore the threats posed by gaming’s increasing reliance on technology and player / transaction data while evaluating other data privacy issues unique to gaming because of regulatory oversight. Te panelists will also explore how GDPR is impacting how companies manage their data and electronic assets and consider whether existing privacy laws in North America should undergo similar changes to expand consumer privacy protections.
The latest in cybersecurity and data privacy issues and threats
Jay Kaplan, CEO and Co-Founder, Synack
In a DoS attack, a malicious actor typically consumes network resources and overwhelms the target system - making a digital business unavailable to end users. Te hacker may restore access - but it comes at a significant cost to the system owner. Te ransom they demand is typically cost prohibitive and carefully calculated to be proportional to the value of the system.
Jay Kaplan, a trained NSA hacker, is the CEO and Co-Founder of Synack, a Silicon Valley company that offers crowdsourced security testing to help organizations protect themselves from cyber attacks. Synack’s security testing is powered by a combination of AI technology and a network of top ethical hackers from around the world; together, they protect leading global banks, federal agencies, DoD classified assets, and over $1 trillion in Fortune 500 revenue. Backed by tech giants including Microsoft, Google, Intel, and HPE, the company has raised over $60 million in funding since its founding in 2013.
Prior to founding Synack, Jay served as a member of the DoD’s Incident Response and Red Team and as a Senior Computer Network Exploitation and Vulnerability Analyst at the National Security Agency. He received multiple accolades for classified work at the NSA while supporting counterterrorism-related intelligence operations and was also a member of the Commission on Cyber Security for the 44th President. Jay received a BS in Computer Science with a focus on Information Assurance and a MS in Engineering Management from George Washington University while studying under a DoD/NSA- sponsored fellowship.
The gaming industry’s lucrative business and growing digital attack surface make for an
attractive target for cyber attackers. The primary
motive of attackers today is, after all, financial gain. And with the gaming industry processing more cash
transactions per minute than some of the world’s largest banks, denial of
service (DoS) attacks could be devastating to the gaming industry.
In your view, what’s the single biggest threat to cybersecurity for gaming operators and regulators, and what advice would you give to protect themselves from risk?
Most of the news cycles on cybersecurity have had us talking about the big data breaches like Yahoo and Equifax - and we quantify ‘big’ by the number of records that were stolen, the amount of personal information leaked, and the number of people affected. But what businesses should not neglect is how a cybersecurity flaw can contribute to significant business downtime and operating costs for the company.
While an executive can sometimes salvage their position after a data breach, it is much more difficult for that executive to survive business downtime.
Te gaming industry’s lucrative business and growing digital attack surface make for an attractive target for cyber attackers. Te primary motive of attackers today is, after all, financial gain. And with the gaming industry processing more cash transactions per minute than some of the world’s largest banks, denial of service (DoS) attacks could be devastating to the gaming industry.
P78 NEWSWIRE / INTERACTIVE / MARKET DATA
To pay or not to pay becomes a complex exercise in game theory that business executives and regulators hope to avoid at all costs. But while the adversary is changing the rules of attack, businesses can change the game. Financially-motivated attackers look for the greatest reward at the lowest cost. Strong security defenses will raise the cost to the attacker by making it harder to find vulnerabilities, integrating security into product development, and remediating security issues quickly. An attacker- resistant organization thinks like a hacker in order to beat a hacker.
As gaming operators bridge the gap between the physical and the digital, they should build security in by design. Sophisticated gaming platforms take years to build and expand, but only moments to hold hostage if security has not been layered in from the ground up. Here are 4 best practices that every gaming operator should add to their playbook:
1) Make security a priority - Security is essential to protecting customers’ trust in a gaming brand and in the gaming industry. Regulators should help raise the bar for security in gaming, just as they have done in the financial services industry where they see a similar volume of transactions. Gaming operators should make security a core business issue on which they report out at board and c- level meetings.
2)Adopt a continuous approach to security - With more gaming transactions and data moving to the cloud, digital environments are increasingly dynamic. Security must be integrated into daily operations, from physical gaming operations to product development. Security is essential to protecting businesses, building brands (and defending jobs).
3) Get an outsider’s perspective on your security - How resistant is your organisation to attack? Rigorous security testing by a crowd of diverse skill sets will provide a realistic assessment of your security health. Regular, continuous security testing has proven to improve security performance 43 per cent more than sporadic, point-in-time testing.
4)Make your security data-driven - Harness the insights from your continuous security program. Measure your security to establish your baseline, track progress towards your goals, and immediately identify vulnerabilities or abnormal behavior in your networks. A proactive approach can help minimize the risk of DoS attacks.
Te harder you make it for a hacker to profit from an attack on your organisation, the less attractive you will be as a target.
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