5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

PHL gaming operators told to prioritize security risks

by
June 9, 2024
in Stock
0
PHL gaming operators told to prioritize security risks
MICHAL PARZUCHOWSKI-UNSPLASH

GAMING COMPANIES catering to Filipino players should prioritize addressing security risks, including location information, to ensure the integrity of their transactions, app development and mobile security platform provider Appdome, Inc. said.

“Because the Philippines has legalized and regulates online gambling, this is an important revenue stream for the country,” Appdome Mobile App Security Evangelist Jan Sysmans said in an e-mail interview.

“It is critical that operators here are equipped to face security risks, especially around location verification,” he added.

He said that location is fundamental to the integrity of in-app transactions, as it provides transaction traceability and supports know-your-customer (KYC) requirements critical to fighting fraud and scams.

Gambling and lottery apps rely on geographic location data to ensure their mobile applications are accessible only within authorized areas, he noted.

However, there are various risks that attackers could exploit.

“Attackers can tamper with global positioning system (GPS) signals or sensors, providing false location information, which compromises app functionality and revenue generation. These fake GPS apps allow attackers to manipulate authentic location providers via geo-location spoofing, license control bypass, and evasion of geo-fencing requirements,” he said.

“Unauthorized virtual private network (VPN) use also introduces risks by allowing users to hide their true IP (internet protocol) addresses, enabling malicious activities such as bypassing geo-restrictions, accessing restricted content, conducting man in the middle attacks, among others,” he added.

With this, Mr. Sysmans said it is “critical” that gaming companies catering to Filipino players understand their compliance obligations.

“With threat actors getting more sophisticated and the growth in mobile channels, net-net geo-location compliance is essential. Ultimately, this is crucial to fighting against fake GPS apps, fake accounts, unauthorized VPNs, SIM (subscriber identity module) swapping schemes, hooking frameworks, GPS signal spoofing, or manipulating sensors such as the gyroscope or accelerometer,” he said.

“Operators more generally also need to ensure their mobile apps come with comprehensive security features to safeguard sensitive user data and prevent unauthorized access to the app,” he added.

Appdome is an app development and mobile security platform provider. It has over 300 solutions spanning mobile app security, mobile fraud, malware and cheat prevention, and mobile bot defense.

For the first quarter, the country’s gross gaming revenue rose by 18.5% to a record-high of P81.7 billion based on Philippine Amusement and Gaming Corp. data. — Revin Mikhael D. Ochave

Previous Post

A chance to meet National Living Treasures  and seeing the crafts they create

Next Post

Target scam syndicates, not POGOs — PAGCOR chief

Next Post
Target scam syndicates, not POGOs — PAGCOR chief

Target scam syndicates, not POGOs — PAGCOR chief

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    My Expert Midwife raises £1.6m to fuel next stage of growth and retail expansion

    My Expert Midwife raises £1.6m to fuel next stage of growth and retail expansion

    July 15, 2025
    Fear of return-to-office mandates harming employee wellbeing, survey finds

    Fear of return-to-office mandates harming employee wellbeing, survey finds

    July 15, 2025
    New EV discount scheme offers up to £3,750 off electric cars under £37,000

    New EV discount scheme offers up to £3,750 off electric cars under £37,000

    July 15, 2025
    Trump’s tariff threat would ‘cripple’ transatlantic trade, says EU negotiator as Brussels readies €72bn retaliation

    Trump’s tariff threat would ‘cripple’ transatlantic trade, says EU negotiator as Brussels readies €72bn retaliation

    July 15, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.