Growing cybersecurity risks mean gambling companies must be prepared for how to respond to a data breach and be ready to navigate the patchwork of state laws in the area, according to panelists at last week’s Global Gaming Expo (G2E) in Las Vegas.
Mark Hemmerle, vice president of legal and compliance at Vantiv, urged G2E attendees to check their credit reports following the massive data breach at Equifax, which exposed the personal information of close to 146m people.
Hemmerle noted there have also been major breaches involving Xbox, Verizon, Target and Home Depot.
Meanwhile, data breaches have also occurred in the casino sector, hitting Affinity Gaming, Las Vegas Sands, Las Vegas’ Hard Rock hotel and Casino Rama in Canada.
“It is clearly a significant issue and liability for all of us,” Hemmerle said.
As the threat from hackers increases, the gaming industry faces a patchwork of state laws dealing with data security and privacy.
Paige Younkins, vice president and managing counsel with Scientific Games, reminded attendees that new European Union regulations on data privacy go into effect in May, and could require technology firms to report any security breaches to local data