New report predicts escalating attacks by cybercriminals and players

DALLAS– (BUSINESS WIRE) -Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today announced the findings of new research predicting multiple cyber threats to the fast-growing electronic sports (eSports) sector. Though cybercriminals have been targeting the gaming community since 2010, eSports players, gaming companies, sponsors and viewers will be more at risk over the coming years from data theft, ransomware, DDoS, hardware hacks and cybercrime-as-a-service.

ESports Industry It has also evolved to include a professional sporting league, with stadiums selling out to host competitions and top players earning millions. This growth is attractive for financially motivated criminals.

"If there's one thing we know about malicious actors, it's that they follow the money. "He has already observed financially," said Jon Clay, director of global threat communications for Trend Micro. "As eSports becomes a billion-dollar industry, it's inevitable that attackers will look to capitalize over the coming years. We will be able to provide you with more financially motivated reasons. "

Based on this research, Trend Micro predicts cybercriminals will ramp up their efforts to make money from ransomware aimed at sponsors and players, DDoS-for-hire services, breaches of personal information (PII), services to illegally boost gaming scores, and stolen gaming accounts. Weak password and authentication security, which is already enabling widespread accounts, will continue to play a role in making these attacks possible.

The impacts from breaches, ransomware, DDoS and other attacks on gaming companies and sponsors can be severe, leading to damaged brand reputation and revenue loss. The servers used by host to valuable gaming assets are a prime target for exploitation by hackers.

To protect these valuable assets, the eSports industry should leverage a multi-layered defense system to protect servers and virtually patch known vulnerabilities.

To read the full report, Cheats, Hacks, and Cyberattacks: Threats to the eSports Industry in 2019 and Beyond, please visit: https://www.trendmicro.com/vinfo/us/security/news/cybercrime-and-digital-threats/cheats-hacks-and-cyberattacks-threats-to-the-esports-industry-in-2019-and-beyond.

About Trend Micro

Trend Micro Incorporated, a global leader in cybersecurity solutions, helps make the world safe for exchanging digital information. Our innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud environments, networks, and endpoints. Security and security protection, centralized visibility and control, enabling better, faster protection. With more than 6,000 employees in over 50, Trend Micro secures your connected world. For more information, visit www.trendmicro.com.

Contacts

Erin Johnson
817-522-7911
media_relations@trendmicro.com

Source BUSINESS WIRE

Declarations

answers