Cyber Liability Insurance for NAICS 713290
CYBRanked reasons a business in NAICS 713290, Other Gambling Industries, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.
- 01
Gaming systems are regulated and audited.
- Wagering, accounting, and reporting systems are regulated by gaming authorities.
- Regulators require documented controls and reporting.
- Findings affect the licence that lets you operate.
- ASK
- What gaming regulatory requirements apply to your systems?
- 02
Player records hold identity and financial data.
- Accounts carry identity, payment, and wagering activity records.
- Anti-money laundering rules require identity and transaction records.
- Every affected patron must be notified.
- ASK
- How many player accounts with identity and financial data do you hold?
- 03
Wagering stops when systems stop.
- Bets, odds, and payouts run on connected systems.
- Wagering is the revenue and it runs continuously.
- A systems failure stops revenue entirely.
- ASK
- How are your wagering and payout systems operated?
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