By investing in cybersecurity measures, online sports betting sites can minimize the risk of these attacks and ensure their customers’ funds remain safe. Cyberattacks can cause significant harm to the reputation of the online sports betting site and can result in the loss of customers' funds. With so much money being exchanged online, it’s no surprise that hackers are constantly trying to gain access to these sites. Consider the cyberattack nearly three years ago on an online sports betting portal, which affected numerous customers including the Oregon Lottery. A key reason for the importance of cybersecurity in the online sports betting industry is the threat of cyberattacks.
