• About
  • Advertise
  • Careers
  • Contact Us
Thursday, July 3, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business Security

As eSports Eyes Olympic inclusion, Cyber Threats Loom Large

Are the Games in Jeopardy?

by Staff Writer
August 23, 2024
in Security
0
eSports or eSport
eSports

eSports

UBA
Advertisements

eSport, or electronic sport, has experienced a huge boom in recent years. As the popularity grows, so does the amount of money invested in tournaments, attracting not only fans but also the interest of cybercriminals.

Attacks can have a major impact on the running of tournaments, the reputation of organisers and the overall perception of esports as a serious industry.

It is an important topic, especially at a time when the International Olympic Committee (IOC) has voted to make esports officially part of the Olympic Games and have its own Olympics from 2025.

The video games industry has long since outgrown the film industry. Statista estimates that the video game industry will even reach $455 billion in revenue by 2024.

We register billions of players, thousands of esports teams, multimillion-dollar tournament prizes. And where there’s money, there are cybercriminals.

Attack History

The gaming industry has plenty of experience with ransomware attacks.

For example, Capcom, creator of the legendary Street Fighter, Mega Man, Resident Evil and Devil May Cry franchises, has been attacked. CD PROJEKT RED, the company behind hits such as The Witcher and Cyberpunk 2077, was also severely affected by a serious ransomware attack. Electronic Arts, one of the world’s largest gaming companies, was also attacked and had its data and source code stolen.

Even the closely guarded and long-awaited hit GTA VI did not escape and the creators were blackmailed by a 17-year-old hacker who had earlier attacked Uber.

The costs associated with a successful attack can be enormous. The ransom in such ransomware attacks can run into millions of dollars, and the loss of trust and reputational damage among players and partners can have an even more severe impact.

At the same time, if eSport information is leaked, organisations must also pay corresponding fines for non-compliance with security regulations. Many companies can then run into existential problems.

“Increasingly, we’re also seeing attacks aimed directly at esports. Big gaming events are watched by thousands of people right in the halls and millions of people around the world. Popular gaming platforms have millions of players, so any attack can be very painful. Trust is crucial in this industry because players and fans are very sensitive to any kind of manipulation and disruption, so when matches have to be rescheduled, played in private or any other problems occur, a shadow of doubt falls over the event and the value of the event plummets. And there is no need for some sophisticated threat or ransomware attack either, disrupting the tournament or broadcast and blackmailing teams and organisers can unfortunately be much easier and more effective,” says Shayimamba Conco at cyber security company Check Point Software Technologies.

Non-tech savvy threats

“Moreover, attackers don’t even have to be very tech-savvy; powerful botnets can be rented on the darknet for a few hundred dollars. And hacking attacks can also be part of a competitive struggle. Between teams and even between popular tournaments. For example, discrediting competitors can play a key role in the battle for important partners and sponsors or may result in the exclusion of a competing team from a tournament or withdrawal of known teams from untrustworthy and problematic tournaments. Traditionally, the most common motivation for hackers is financial gain. But attacks can also be motivated by personal or political reasons, seeking revenge or to make a particular agenda visible. And for some hackers, attacking a major tournament is just a matter of prestige and challenge.”

Loading

Advertisements
MTN ADS

0Shares
Tags: eSport
Staff Writer

Staff Writer

Next Post
eSports and cyberattack

How to Detect Hacker Attack During eSports Tournaments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Infobip | Bayobab partnership

How Infobip and MTN’s Bayobab will Transform SMS Services in Africa

4 months ago
States with highest NIN enrolments

10 States with Highest NIN Enrolments as at February 2025

3 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.