FA N TA S Y S P O R T S
Tailgating the dangers of cybersecurity Mihir Sanchala, Assistant Vice President Technology, PlayerzPot on how the platform deals with cybersecurity and identity theft!
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antasy sports are online games where users bet on individual player performances rather than a team’s overall performance and compete against hundreds of other players in prize pools to overcome the odds. As sports betting continues to grow in popularity, users can make bets instantly on their smartphones. With millions of players and double the money involved, fantasy sports today is rife with risk. For a deeper understanding of risks, one must understand the source and nature of threats and how they can affect one’s financial stability. Fantasy sports platforms gather data on measures that can be put up against the threats and the impact of successful attacks to understand the risks better. Also, to understand this, we connected with Mihir Sanchala, Assistant Vice President Technology, PlayerzPot. Sanchala shared his insights on how the platform deals with cybersecurity and more. How does Playerzpot deal with Phishing? Phishing attacks are one of the most common security challenges faced by digital companies. For
By Akash Mishra this, at PlayerzPot, our strategy is to raise awareness amongst our employees and provide the latest tools to safeguard our systems. We host training sessions to make sure everyone in our team understands and is aware of the cause and effect of phishing techniques. We recently performed mock phishing scenarios where we used simulated phishing emails via third-party tools to assess our employees’ reactions. We use well-secured mail service for all internal email communication that already provides securities related to SPAM filtering, attachment virus scan, etc. In addition, we conduct regular checks on employees’ machines to ensure they have the latest security patches, OS updates, Antivirus solutions, etc. These are some of how we ensure PlayerzPot is CyberSAFE from phishing and spam attacks. Identity theft and heightened risk of criminal infiltration are the most significant threats looming over the fantasy sports platform. How is Playerzpot fixing the vulnerable spots amidst all the workings? Identity theft is something that can’t be detected quickly and
Mihir Sanchala, AVP Technology, PlayerzPot easily. After a few re-iterations, we developed a solid protection module against identity theft, including OTP-based logins, device details, geolocation, IPs, & number of failed attempts checks before initialising user sessions. We maintain users’ activity logs to find suspicious patterns during app usage and notify users on different channels to keep them updated on the account activities. Identity theft is also possible by session hijacking, where a hacker can take over an existing user’s access. For that, we use end to end encryption during communication between application and server.
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