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CybersecurityManagementSecurity NewswireSecurity Leadership and ManagementLogical SecuritySecurity & Business ResilienceCybersecurity NewsArenas / Stadiums / Leagues / Entertainment

81% of esports firms see an increased need for security

By Madeline Lauver
esports gamer
April 4, 2022

Cheating, hacking and piracy are challenges for 81% of esports stakeholders, with both esports streamers and event organizers reporting the issues as moderate or major concerns.

Fraud challenges in esports

The "Cheating, hacking, piracy, and esports: critical steps needed to protect the industry" report from Verimatrix and Omdia analyzed the state of esports security. Esports events — virtual or in-person video game competitions — have risen in popularity since their inception, with a total esports revenue of $1.6 billion in 2021.

Security issues have accompanied the rise in revenue, with fraud challenges like cheating and esports piracy affecting the industry. When it comes to piracy, 55% of esports stakeholders name it a moderate or major concern to their organization.

Esports cybersecurity threats

The report outlined emerging threats to the esports industry. In addition to fraud, esports streamers and event organizers see non-fungible token (NFT) and blockchain-based games as potential cyberattack vectors. Eighty-one percent of survey respondents indicated that they wish to increase their security arrangements in the next twelve months, but the report identified obstacles in the path towards esports security.

A lack of cybersecurity awareness presents a challenge to the industry, with 50% of stakeholders unaware of anti-piracy technology. Nearly 40% of respondents do not use a security service, according to the report, and 42% of respondents signaled they would want to pay less than $5,000 for security services.

For more esports security report findings, click here.

KEYWORDS: cyber security awareness fraud prevention gaming industry piracy sports security

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Madeline Lauver is a former Editor in Chief at Security magazine. Within her role at Security, Lauver focused on news articles, web exclusives, features and several departments for Security’s monthly digital edition, as well as managing social media and multimedia content.

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