Stake becomes one of the first online and crypto casinos to offer secure passkey login access to their account. We investigate why it's necessary and how it benefits players' online safety and security.
Stake is one of the leading cryptocurrency casino and betting sites in the world, for one reason: its endless pursuit of customer-first innovation.
As one of the early adopters of blockchain and crypto gambling, it has grown to become a globally recognised brand that offers players access to incredible casino games, including a library of Stake Originals, lightning-fast same-day withdrawals, low-to-no-cost banking, and world-class customer service.
What is often overlooked is how they continue to create products that enhance online security and protect wallets filled with Bitcoin and other high-value tokens. These products include their budget calculator, the Stake Vault, and now they are one of the first major online casino operators to offer passkeys.
The statistics around hacks and phishing exploits are more outrageous than many people realise.
FIDO (Fast Identity Online), a specialist in passkey verification and security standards, has pulled together a list of verified data sources on similar attack patterns from their own data centres and third party sources:
Microsoft’s experience in this arena supports the stats shown by FDIO. In their post titled ‘Convincing a billion users to love passkeys’, Sangeeta Ranjit (Microsoft Group Product Manager) and Scott Bingham (Microsoft Principal Product Manager) reveal that the company staves off a jaw-dropping 7000 password-focused attacks on their network per second!
This is a 100% increase from the previous year, while adversary-in-the-middle phishing attacks increased by 146% over the same time period.
The reality is that with hacking and phishing attacks becoming more prevalent and invasive, the crypto casino world needs a new digital approach to cybersecurity. This is where passkey technology comes into play.
Andrew Forte, Stake Head of Product, said:
“In an industry where trust and security are paramount, the move to passkey was an obvious next step. We’re setting a new benchmark for player protection and convenience, removing password risk and proving that the most secure experience can also be the easiest.”
Rather than storing a preset password in the browser of your home computer or mobile device, which is then referenced when you sign into your gaming account, passkeys use your biometrics.
This means there are no complicated “strong” passwords to remember, and no need to update them periodically. All you need is your face or fingerprint, and you can instantly access all the benefits and features Stake has to offer.
With the need to remain as anonymous as possible online, some users don’t want to enter their biometric data, which is why the Stake Passkey system also offers a PIN option.
By creating a PIN instead of using your biometrics, you will have to remember a short numeric code. This is still more potent in securing your information than a traditional password, as the code is specific to your device, not your personal account.
This means that even if someone could steal your PIN, they would also need access to your physical device in order to open your Stake account.
Passkey technology is fast becoming the go-to standard for securing high-value data and accounts worldwide. The leader in the field is FIDO (Fast Identity Online), which set the global standard for passwordless authentication for websites, applications, and online services.
Stake designed its Passkey solution to the high standards set by FIDO to ensure that you can enjoy the following benefits:
Massive tech giants like Apple, Google, and Microsoft, which have all developed and implemented passkeys as an operating standard for their businesses, all adhere to the FIDO standards.
If you do not want to risk the security of your valuable crypto holdings, setting up your passkey is quick and easy.
You can now sign in to your Stake account to enjoy the best slots, crash games, live dealer games, and other gambling entertainment they have on offer with complete peace of mind!
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