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Check Point Software Reveals Cyber Threats to Online Gamers
World Video Game Day celebrates a market that continues to grow in both revenue and participants.
Although gaming started as a single-player activity, most now involve multiple players with an online community that is able to talk and interact with each other through headsets or send instant messages during the games.
Online gaming flourished especially during the global COVID lockdowns, as online gaming provided a much- needed outlet for entertainment and social interaction, with hundreds of thousands new accounts created and new communities born.
This was obviously a boon to would-be hackers, with an estimated 1 billion online gamers worldwide in 2020, with China, South Korea, and Japan having the biggest online gaming reach amongst the population according to Statistic. They estimate that by 2025, online gaming audiences are projected to surpass 1.3 billion.
Check Point® Software Technologies, a provider of cybersecurity solutions globally, warns that now that gaming is one of the world’s largest entertainment industries, it is also one of the major targets of cybercriminals. Companies in the gaming industry that have fallen victim to cyberattack include CD Projekt Red, Electronic Arts and Ubisoft.
This is because gamers often hand over as much personal information to companies in this industry as they would to their employer, bank or when online shopping.
There are a few different reasons why a cybercriminal targets gamers:
- To sell your virtual assets for real-world money – Cybercriminals will often breach gamers’ accounts and steal their virtual goods in order to then sell them to other users for real-world money.
In many ways, video game economies have essentially been the forerunners of cryptocurrencies. It should always be kept in mind that the virtual money earned in a game cannot be used in the real world, but it has a value to gamers and be traded.
- To steal games from your inventory – Many games are published, sold and authenticated online via platforms such as Steam, Origin and GOG Galaxy. CPR reported on a major vulnerabilities in popular Valve games networking library, which if exploited could take over hundreds of thousands of computers without needing users to click on phishing emails, as victims will be affected by simply logging onto the game.
People will typically manage all of their purchases from a single account, and long-term users are known to have libraries with hundreds of games. Cybercriminals will sometimes hack into accounts to steal some of these games for their own use.
- To gain as much information about you as possible for identify theft and bank fraud – With online transactions and monthly subscriptions, there is a lot of financial information at play, which is attractive to cybercriminals. Sometimes they can even track information as sensitive as your location or listen into phone calls in the case of a mobile game.
So, how can you stay protected? Here are three key tips from Check Point Software:
- Use two-factor authentication (2FA): Many games make it easy for attackers to do their job; often, simply looking at another participant will reveal their username. For example, Battlefield 5 has a competitive mode for up to 64 players, meaning that a single game provides a cybercriminal with up to 63 usernames with which to test common or default passwords.
It’s important to have two-factor authentication enabled – when a separate code is required if logging in from a new device – to keep accounts secure.
- Beware of phishing: Phishing campaigns frequently target users of popular games. A common tactic used by cybercriminals is to create a fake login page, or to impersonate a friend and attempt to send malicious links via chat platforms.
The shared interest in video games lends credibility and builds trust. Make sure to look out for anything that doesn’t look right and never click on any links.
- Beware of ‘too good to be true’ promises: In this world, malware propagation vectors often coincide with phishing methods. If Steam chat can be used to spread links to fake authentication pages, it can certainly be used to send links to unintentional or ‘drive-by’ malware downloads.
In the case of competitive gaming, many players can be convinced to willingly download malicious applications that promise ‘cheats’, hacks or other ways to gain advantage over other users.
You need to be aware of any such offers and only download applications from official app stores. Add to this the risk of malware managing to spread to devices connected to a corporate network, and the danger is much higher.
“Video games are an open door for many types of cyberattacks and taking extreme precautions is no longer an option but a necessity. Having two-factor authentication to access the account, installing protection software or knowing the signs of a phishing attack are key to avoid becoming the next victim.
“Online games are becoming more and more popular and by using them on a daily basis, it is very easy to let your guard down and become overconfident. The main problem is that cybercriminals are always alert and will not miss an opportunity to strike,” says Pankaj Bhula: Check Point’s EMEA Regional Director: Africa.
The leadership of Computer Village, Ikeja, has begun a biometric registration and enumeration exercise to sanitise the market, curb criminal activity, and restore investor confidence.
In a statement, Abisola Azeez, Iyaloja, described the initiative as part of a broader rebranding effort to address issues like phone snatching, fraudulent technicians, and substandard goods.
It stated, “The market’s leadership announced the move after a recent security incident led the Lagos State Task Force to consider a complete shutdown. However, market representatives intervened to safeguard legitimate traders. Under the new rules, only registered vendors with ID cards displayed at their stalls will be allowed to operate.
Approved street setups will be limited to plastic chairs, show glasses, and umbrellas, while wooden structures and open flames are banned to reduce fire hazards.”
Adeniyi Olasoji, baba Oja, noted the market’s damaged image, emphasising new security measures like CCTV, emergency alert systems, and increased collaboration with law enforcement.
“Other leaders, including Prince Tony Nwakeze, Ralph Chibuzor, Ben Onuorah, Nofiu Akinsanya, and Ikani Tony, affirmed the move as essential for transforming Computer Village into a structured, globally competitive digital hub.
The registration will be completed within two months, after which only verified traders will be allowed to operate.
Meanwhile, Fidelix Ezeugwu, executive secretary of the Ikeja Market Board, emphasised the market’s unified leadership, comprising representatives from four major ethnic groups, and the importance of updated data to align with global standards.
He said, “Additional upgrades include installation of walkie-talkies for improved communication, enhanced street lighting, and CCTV cameras to monitor activity.
“These improvements aim to position Computer Village as a world-class market, comparable to international hubs like Dubai and Singapore.”
First Asset Management Limited, a subsidiary of First HoldCo Plc, has received the prestigious Fund Manager of the Year 2024 award. This accolade was conferred during the inaugural Capital Market Choice Awards, hosted by Nairametrics Financial Advocate Limited, underscoring the firm’s commitment to excellence and wealth creation.
The prestigious awards ceremony honoured the significant achievements of key players in the financial market, including operators, regulators, investors, and stakeholders. Their commitment and impact were crucial in fostering the growth and stability of Nigeria’s capital markets industry in 2024.
First Asset Management has received recognition for its commitment to quality service and innovation in the investment and asset management industry. This recognition reflects the firm’s exceptional performance, excellence in service delivery, and significant contributions to the financial ecosystem.
Ike Onyia, Managing Director/CEO of First Asset Management, expressed his gratitude for the recognition and commended Nairametrics for its diligence and transparency in the award process.
“We are honoured to receive this recognition, which validates our unwavering commitment to delivering value to our clients and stakeholders. Client satisfaction is at the core of our operations. This award motivates us to continue pushing boundaries and providing innovative investment solutions,” he stated.
He further emphasised the company’s commitment to deploying customised investment strategies that address the varied objectives of its clients.
First Asset Management continues to elevate its reputation with an impressive collection of awards. For over five years, the firm has been celebrated as the Best Asset Manager in Nigeria at the EMEA Finance: African Banking Awards.
The firm has also earned recognition as a Great Place to Work and won the prestigious Excellence in Asset Management award at the 2024 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, showcasing its commitment to outstanding performance and a positive workplace culture.
The United Kingdom’s Minister for Africa, Lord Collins of Highbury, has concluded a three-day visit to Nigeria, aimed at reinforcing the UK-Nigeria Strategic Partnership.
He reaffirmed the UK Government’s strong commitment to deepening trade and investment ties between the United Kingdom and Nigeria.
During his visit, Lord Collins met with senior Nigerian government officials, business leaders, civil society representatives and United Nations agencies.
These engagements underlined the UK’s long-term drive to support Nigeria’s prosperity and stability while deepening bilateral cooperation for transformative growth across our shared priorities.
A key highlight of the visit was Lord Collin’s bilateral meeting with Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, in which both parties reaffirmed their unwavering commitment to strengthening economic ties and promoting regional security. The Minister was joined by the UK’s Trade Envoy to Nigeria, Florence Eshalomi MP.
Lord Collins also met with Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, and discussions focused on opportunities to strengthen engagement between UK’s parliament and Nigeria’s National Assembly and the importance of furthering women’s participation in politics.
Speaking on his visit, the UK Government’s Minister for Africa, Lord Collins said: “Nigeria and the UK share a rich, ambitious relationship: one that is deeply rooted in respect.
“Our Strategic Partnership is at the forefront of this, and my visit has focused on how our countries can continue deepening our cooperation on key issues such as trade and investment to drive economic growth and deliver prosperity for us all.”
The Minister held discussions with United Nations representatives on the ongoing reform of the UN system, its implications for Nigeria and how the reform can effectively support those most in need, particularly in Northeast Nigeria, whilst also contributing to global humanitarian efforts.
Lord Collins also met with civil society leaders to discuss electoral integrity and governance reforms, reinforcing the UK’s commitment to democratic values and community empowerment.
He later visited Nigeria’s Anti-Kidnap Fusion Cell: a key security initiative supported by UK expertise through the National Crime Agency and the Integrated Security Fund, which plays a vital role in enhancing local safety and combating serious crime.
Also commenting on the visit, the British High Commissioner to Nigeria, Dr Richard Montgomery, said: “Driving growth is central to the UK’s foreign and development policy. Lord Collins’ visit to Nigeria underscores the UK’s unwavering commitment to deepening our shared prosperity through expanded trade and investment. We are proud to stand alongside Nigeria as it forges a resilient and dynamic economy.”
This visit underscores the UK’s enduring partnership with Nigeria – built on mutual respect, shared goals, and a vision for a prosperous future for both nations.
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