Online betting and casino operator BetVictor has introduced two-factor authentication to protect all new and existing customer accounts.

Developed in-house, the multi-factor authentication will protect against compromised account details and significantly reduce the risk of a customers falling victim to fraud or identification theft.

With 81 percent of hacking-related data breaches resulting from “weak or stolen passwords” (Verizon, 2017), this additional layer of security from BetVictor will ensure customer accounts are secure ahead of the initial deposit and during all future transactions.

Jonathan De La Rosa, chief technology officer at BetVictor, said: “Online crime and internet fraud are on the rise and businesses with an online presence are targets.

“Thus, it’s crucial for our company to have effective security systems in place to mitigate the risk of security breaches. A large number of cyber-attacks are password related and integrating multi-factor authentication on our platforms, demonstrates our continued efforts to safeguard our customers’ data.

“We’re proud of what we’ve achieved so far with our products and we’ll continue to develop this service as part of our commitment to our customers and our mission to provide best-in-class technology solutions,” said De la Rosa.

BetVictor has introduced 2FA via SMS, meaning every new and existing customer that opts in will receive a unique code on their mobile device to authenticate their registration.