North Korean Hackers, And Other Reasons Why Unregulated Online Gambling Sites Pose A Real And Immediate Danger
The customers of unregulated offshore online poker rooms, casinos and sportsbooks have been at those operators’ mercy for years.
These sites conduct business from offshore safe havens outside the reach of US laws. In the years since the internet has come to prominence, dozens of these sites have absconded with millions of dollars in player funds. Several have been involved in cheating scandals.
North Korea and online gambling
And according to a recent New York Times story, the potential problems these sites cause may go well beyond lax consumer protections and shady business practices.
From the NYT:
“Working overseas is a huge incentive for young hackers, since many North Koreans have little chance to leave their impoverished, isolated country. As long as the hackers meet their government-set targets, they are allowed to live abroad and often get the added perk of running illegal gambling sites online, generating profits they can share with supervisors.”
It’s reasonable to assume that some of these North Korean sites are operating in the US. Most states’ unwillingness to legalize online gambling has created thriving black markets.