Akamai Research Shows Attacks On Gaming Companies Have More Than Doubled Over Past Year

Rhea-AI Summary

Akamai Technologies reports that web application attacks on the gaming industry have more than doubled over the past year, highlighting a significant rise in cyber threats. The company’s new report, Gaming Respawned, indicates a 167% increase in such attacks from Q1 2021 to Q1 2022, affecting millions of accounts globally. The report also notes that gaming accounts are at risk of being compromised, leading to potential theft of personal information and financial data. This surge aligns with the growth in the microtransaction market, projected to reach $106.02 billion by 2026.

Positive

• Report shows a growing demand for security in the gaming industry due to increased cyber threats.
• Microtransaction market expected to reach $106.02 billion by 2026, highlighting growth potential.

Negative

• Web application attacks on gaming have increased by 167% from Q1 2021 to Q1 2022.
• Gaming companies are becoming prime targets for cyber criminals, risking player accounts and personal data.

State of the Internet report shows gaming companies and gamer accounts at risk, following a surge in web application attacks post pandemic

CAMBRIDGE, Mass., Aug. 4, 2022 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today released a new State of the Internet report showing that web application attacks on the gaming industry more than doubled over the past year. The new report, Gaming Respawned, notes these attacks come in the wake of booming popularity and demand for cloud gaming platforms.

Attacks on web applications in the gaming sector puts player accounts at risk of being compromised by cyber criminals resulting in the selling of gaming accounts and theft of personal information including credit card data. The microtransaction market is reportedly expected to reach $106.02B by 2026 creating a massive target for attackers. The report also finds that the gaming industry is targeted for 37 percent of all DDoS attacks. This is an overwhelming amount as the second most targeted vertical is the financial sector at 22 percent.

Other key findings of Gaming Respawned include:

• Web application attacks in the gaming sector have grown by 167 percent from Q1 2021 to Q1 2022, impacting millions of video gamer accounts worldwide.
• The United States is the main target of attackers, followed by Switzerland, India, Japan, the United Kingdom and other nations throughout Europe and Asia.
• Gaming companies are moving operations into the cloud, creating new threat surfaces for hackers.
• Microtransactions - prevalent in the gaming industry - represent a huge draw for criminals who can capitalize on the spending power of gamers without drawing attention to themselves.

"As gaming activity has increased and evolved, so has the value of disrupting it through cyber attacks," said Jonathan Singer, Akamai's Senior Strategist, Media & Entertainment Industries. "Cyber criminals typically disrupt live services and co-opt credentials to steal gaming assets. Also, with the industry's expansion into cloud gaming, new threat surfaces have opened up for attackers by bringing in new players who are prime targets for bad actors. Our latest report, Gaming Respawned, looks at why and how the gaming industry has become such a worldwide target that attracts cyber criminals, cheaters and money launderers."

Akamai experts attending Black Hat will be available to speak about the report and are presenting a Lunch and Learn session at the event titled, "A Deep Dive into Obfuscation Techniques Observed in the Wild and How to Tame Them." The session will be held on Thursday, August 11 at 1:00 pm PT. In addition, Akamai researcher Jordan Garzon is giving a talk on "Protecting Your Crypto Assets Against Malicious Javascript Phishing" on Wednesday, August 10 at 1:00 pm PT.

For additional information, the security community can access, engage with, and learn from Akamai's threat researchers by visiting the new Akamai Security Hub and following the team on Twitter at @Akamai_Research.

To meet with Akamai at the 2022 Black Hat conference in Las Vegas, please find the research team at Booth 2422.

About Akamai

Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. With the world's most distributed compute platform — from cloud to edge — we make it easy for customers to develop and run applications, while we keep experiences closer to users and threats farther away. Learn more about Akamai's security, compute, and delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on Twitter and LinkedIn.

Contacts:

Jim Lubinskas
Akamai Media Relations
703.907.9103
jlubinsk@akamai.com 

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SOURCE Akamai Technologies

FAQ

What does Akamai's latest report reveal about web application attacks on gaming companies?

Akamai's report shows that web application attacks on the gaming industry have more than doubled over the past year, with a 167% increase from Q1 2021 to Q1 2022.

How do cyber attacks affect gamers according to Akamai's report?

Cyber attacks risk compromising player accounts, leading to theft of personal information and the potential selling of gaming accounts.

What is the projected growth of the microtransaction market mentioned in Akamai's report?

The microtransaction market is expected to reach $106.02 billion by 2026.

What percentage of DDoS attacks target the gaming industry?

According to Akamai, the gaming industry is targeted for 37% of all DDoS attacks.

When was Akamai's State of the Internet report released?

The report was released on August 4, 2022.