In the latest episode of Continent 8’s Ask the Expert podcast series, Craig Lusher, Principal Solutions Architect, sits down with Elizabeth Grima, Senior Executive Manager at New Dawn Risk, to unravel one of the most misunderstood – but increasingly critical – areas of iGaming resilience: cyber insurance.
Both experts have spent years helping operators navigate real-world incidents that strike without warning – from ransomware to payment fraud, account takeovers, and vendor outages. Their message is clear: cyber insurance is no longer optional – it’s a core component of operational continuity for any iGaming business.
If you haven’t had time to watch the podcast episode, below is a summary of the episode’s key takeaways.
The iGaming sector is one of the most attractive global targets for cybercriminals. High‑value financial transactions, player data, round‑the‑clock uptime requirements, and interconnected vendor ecosystems create a perfect storm of cyber risk.
Cyber insurance helps operators withstand these threats by providing a financial safety net – but also much more. Modern policies include:
This combination ensures operators can recover faster, smarter, and with less long‑term damage.
When a breach or outage occurs, every minute matters – and every minute is costly. Cyber insurance helps operators rapidly mobilise the right resources by covering:
This dual support – financial and operational – means operators can focus on restoring service and protecting players, rather than scrambling to fund or coordinate a crisis response.
A persistent misconception in the industry is that strong cybersecurity reduces the need for insurance – or vice versa.
In reality, the two work hand in hand:
Insurers increasingly expect baseline controls before offering coverage, including MFA, backups, monitoring, and social‑engineering safeguards.
Businesses that demonstrate strong cyber maturity often receive better pricing, fewer exclusions, and higher coverage limits.
Not all losses are automatically covered. Operators must pay close attention to key policy conditions:
Ensuring internal teams understand these requirements is essential for maximising protection.
Craig and Elizabeth highlight several myths that continue to cloud decision‑making across the industry:
Consider two of the most common (and costly) incidents:
An operator suffers a sustained DDoS attack during a major sporting event. Impacts include:
With cyber insurance, expert teams rapidly intervene, reduce downtime, and help restore services – while the insurer covers response and recovery costs.
When sensitive player data is exposed, expenses skyrocket:
Cyber insurance helps manage the fallout and protects the operator’s reputation.
To address the growing needs of iGaming operators, Continent 8 and New Dawn Risk have partnered to deliver a unified, industry‑specific cyber defence and insurance solution.
The partnership offers:
By combining Continent 8’s multi‑layered cyber protection with New Dawn Risk’s specialist insurance expertise, operators gain a comprehensive solution designed specifically for their operational and regulatory environment.
In an industry where downtime directly translates into lost revenue – and lost trust – cyber insurance has become a fundamental layer of resilience.
By integrating:
… iGaming operators can withstand today’s evolving threats with confidence.
The Continent 8 and New Dawn Risk partnership ensures that operators are not only protected – but empowered – to operate securely across multiple jurisdictions.
Watch episode 7 of Continent 8’s Ask The Expert podcast featuring New Dawn Risk