EVS Blog

I’ve spoken with several companies recently that have chosen not to take the steps necessary to meet compliance because the regulations were not currently being enforced. It is not surprising that it takes time for government agencies to begin enforcing new regulations as those agencies get the operational and logistical...

One-time authentication codes through SMS (text messages) have been used for a while as a method of ongoing authentication, but have traditionally been of little use for verifying the identity of a new consumer...

In part 1 I discussed how those in the Fantasy Sports industry (same theory can be applied to any industry) who aren’t playing by the rules are only going to aid the regulatory bodies (states and federal) in their overall scrutiny of the industry; and those regulatory bodies will have real-life scenarios to back their reasoning for the imposing of steeper fines, passing of stricter laws and worst of all, outlawing games of skill.

The Fantasy Sports industry has seen its fair share of scandals in recent years such as the alleged “Insider Trading” between key players in the industry. Such disregard for the rules (and general un-sporting conduct) has made it more difficult for all businesses in the Fantasy Sports Industry, such as the temporary bans in some states and stricter compliance regulations all around.

With the mainstream coverage of breaches, hacks, and identity fraud over the past few years it should be no surprise to see massive amounts of VC funding being funneled to new technology solutions that promise the solution. The rush to market for these solutions may be contributing to the problem more than solving it, however.