Due to the success that the online gambling industry has had, now a lot of hackers are targeting them with distributed denial of service (DDOS) attacks. Just last April a UK based company fell victim to a DDOS attack that took down their betting exchange and fixed-odds sportsbook. A company which is licensed in Malta also reported a DDOS attack from a group of assailants who asked for 10 Bitcoins which are worth around $2,200 for them to stop the harassment.
Sites from New Jersey were also not immune to this type of attack. This last July, four of the state's licensed online gambling operators experienced an initial wave of data flooding their sites for about half an hours. According to the Division of Gaming Enforcement (DGE), the hacker gave them a warning that he will keep making more powerful attacks unless the sites paid an unspecified amount of Bitcoin currency.
These types of attacks can be very harmful for online gambling sites, because 60% of their transactions are carried out in real time. Security specialists said that an hour of unmitigated DDOS can mean up to $40,000 loss for a business.
An IT security firm recently created an infographic that looks on how all of these attacks actually affect the industry. They pointed out that a service outage of this type during sporting events can make players go to other sites to place their bets, which means that some of these attacks can be traced back to competitors who want to get a bigger piece of the market.