The global sports betting market has seen explosive growth in recent years, fueled by the rise of online gambling platforms, increased internet access and penetration, and the legalization of betting in numerous countries. As of 2023, research showed that the global sports betting market was valued at around $92.1 billion, with projections suggesting it could exceed $182.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.3%.
This market includes various betting activities, from traditional sports like soccer and horse racing to esports and virtual games. However, the rapid expansion of the betting industry has also attracted fraudulent activity. Fraudsters actively seek to exploit weaknesses in the bookmakers’ odds-setting algorithms, using automated bots and leveraging advanced arbitrage techniques like surebetting and value betting to secure guaranteed profits. These activities often fall under the radar but can lead to significant financial losses for betting platforms and honest bettors.y.
Read more…
Source: Group IB
Related:
- ToolShell: a story of five vulnerabilities in Microsoft SharePoint
July 25, 2025
On July 19–20, 2025, various security companies and national CERTs published alerts about active exploitation of on-premise SharePoint servers. According to the reports, observed attacks did not require authentication, allowed attackers to gain full control over the infected servers, and were performed using an exploit chain of two vulnerabilities: CVE-2025-49704 and CVE-2025-49706, publicly named “ToolShell”. Additionally, ...
- Mitel Releases Security Advisories for MiVoice MX-One and MiCollab
July 24, 2025
Mitel has released security advisories to address vulnerabilities in Mitel MiVoice MX-ONE and MiCollab, which are cloud-based platforms that help manage business communications. The critical vulnerability, which has no CVE identifier at the time of publishing this Cyber Alert, affects Mitel MiVoice MX-One and is an authentication bypass vulnerability with a CVSSv3 score of 9.4. Successful ...
- Disrupting active exploitation of on-premises SharePoint vulnerabilities
July 23, 2025
Expanded analysis and threat intelligence from Microsoft continued monitoring of exploitation activity by Storm-2603 leading to the deployment of Warlock ransomware. Based on new information, we have updated the Attribution, Indicators of compromise, extended and clarified Mitigation and protection guidance (including raising Step 6: Restart IIS for emphasis), Detections, and Hunting sections. Read more… Source: Microsoft Sign up for ...
- FBI: North Korean IT Worker Threats to U.S. Businesses
July 23, 2025
The Federal Bureau of Investigation (FBI) is providing an update to previously shared guidance regarding Democratic People’s Republic of Korea (North Korea) Information Technology (IT) workers to raise public awareness of the threat posed to U.S. businesses. North Korea is evading U.S. and U.N. sanctions by targeting private companies to illicitly generate substantial revenue for the ...
- Key figure behind XSS.IS forum arrested in Ukraine
July 23, 2025
A long-running investigation led by the French Police and Paris Prosecutor, in close cooperation with their Ukrainian counterpart and Europol, has led to the arrest of the suspected administrator of xss.is, one of the world’s most influential Russian-speaking cybercrime platforms. The forum, which had more than 50 000 registered users, served as a key marketplace for ...
- Cambodia: Authorities arrest over 3,000 suspects in nationwide online scam crackdown
July 23, 2025
The Secretariat of the Commission for Combating Online Scams (CCOS) presented the results of an operation to suppress online scam activities across the Kingdom of Cambodia yesterday. After CCOS’s initial meeting on June 27 and Prime Minister Hun Manet’s strict directive on July 15, the Unified Administrative Command in all 25 capital and provincial administrations took ...