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:
- Microsoft working on a fix for RoguePlanet, a flaw that grants full PC control
June 18, 2026
A publicly available exploit called RoguePlanet can give attackers the highest level of access on Windows systems. Microsoft has confirmed the vulnerability and says it’s working on a security update. RoguePlanet is tracked under CVE-2026-50656, where it’s described as a Microsoft Defender Elevation of Privilege (EoP) vulnerability. Read more… Source: MalwareBytes Labs Sign up for the Cyber Security Review Newsletter The latest cyber ...
- Kodak confirms breach as ShinyHunters’ leak threat reaches deadline
June 18, 2026
The Eastman Kodak Company (Kodak) confirmed to BleepingComputer that it is investigating a security breach after the ShinyHunters extortion group claimed responsibility for the incident. Kodak is the latest organization to land on the group’s leak site. ShinyHunters claims it stole more than 2.2 million records and threatened to publish the data unless the company responded by June ...
- Cyber Criminals Redirecting Users to Fraudulent Websites with Malicious Traffic Distribution Systems
June 18, 2026
The Federal Bureau of Investigation (FBI) is publishing this Public Service Announcement (PSA) to warn the public of cyber criminal use of traffic distribution systems (TDSs) to gain access to victim networks for ransomware or other financial scams. TDS is a technology used to route internet traffic visitors to different destinations after users visit webpages, click advertisement ...
- Cybercriminals allegedly hacked tens of thousands of Fortinet firewalls used by major companies all over the world
June 17, 2026
Cybercriminals have compromised tens of thousands of Fortinet firewalls and VPNs used by major companies all over the world, according to two cybersecurity firms. The widespread hacking campaign, which is ongoing and has been dubbed FortiBleed, appears to not involve abusing any unknown vulnerability in the targeted devices, but rather on a more basic issue: Companies ...
- Cisco SD-WAN make-me-root bug under attack
June 16, 2026
Cisco today issued a fix for a Catalyst SD-WAN Manager bug that attackers have already spotted and exploited to get root privileges, according to both the networking vendor and the feds. The vulnerability, tracked as CVE-2026-20262, is in the web UI of Cisco Catalyst SD-WAN Manager, and exists because the software is not properly validating user-supplied input during ...
- Hijacking Vertex AI Model Uploads for Cross-Tenant RCE
June 16, 2026
Palo Alto Unit42 discovered a vulnerability in the Google Cloud Vertex AI software development kit (SDK) for Python, and responsibly disclosed it to Google. Before Google’s fix, the vulnerability would have allowed an attacker operating entirely from their own Google Cloud project to hijack a victim’s model upload and poison it. By exploiting this flaw ...