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:
- QSC: A multi-plugin framework used by CloudComputating group in cyberespionage campaigns
November 8, 2024
In 2021, Kaspersky researchers began to investigate an attack on the telecom industry in South Asia. During the investigation, they discovered QSC: a multi-plugin malware framework that loads and runs plugins (modules) in memory. The framework includes a Loader, a Core module, a Network module, a Command Shell module and a File Manager module. It ...
- Critical CyberPanel Vulnerability (CVE-2024-51378): How to Stay Protected
November 7, 2024
The SonicWall Capture Labs threat research team became aware of CVE-2024-51378, assessed its impact and developed mitigation measures for the vulnerability. CVE-2024-51378 is a critical vulnerability with a CVSS score of 9.8 in CyberPanel versions 2.3.6 and 2.3.7 that allows unauthenticated remote code execution (RCE). Threat actors, including the PSAUX ransomware group, have been reported exploiting ...
- Cisco Releases Security Advisories for Multiple Products
November 7, 2024
Cisco has released 15 security advisories addressing multiple vulnerabilities, including one critical and two high severity vulnerabilities affecting various products. The critical vulnerability affects Cisco Unified Industrial Wireless Software for Ultra-Reliable Wireless Backhaul Access Point, a software that uses wireless backhaul technology to connect appliances. The vulnerability enables command injection, which could allow an attacker to ...
- Silent Skimmer Gets Loud (Again)
November 7, 2024
In late May 2024, Unit 42 researchers observed an adversary compromising multiple web servers to gain access to the environment of a multinational organization headquartered in North America. Based on overlaps in adversary infrastructure and tools, as well as tactics, techniques and procedures (TTPs), it’s possible to attribute the activity identified to the same threat actor ...
- Update your Android: Google patches two zero-day vulnerabilities
November 6, 2024
Google has announced patches for several high severity vulnerabilities. In total, 51 vulnerabilities have been patched in November’s updates, two of which are under limited, active exploitation by cybercriminals. If your Android phone shows patch level 2024-11-05 or later then the issues discussed below have been fixed. The updates have been made available for Android 12, ...
- Bengal cat lovers in Australia get psspsspss’d in Google-driven Gootloader campaign
November 6, 2024
Once used exclusively by the cybercriminals behind REVil ransomware and the Gootkit banking trojan, GootLoader and its primary payload have evolved into an initial access as a service platform—with Gootkit providing information stealing capabilities as well as the capability to deploy post-exploitation tools and ransomware. GootLoader is known for using search engine optimization (SEO) poisoning for ...