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"I'll take Legend of Zelda over first-person shooters," says Jonathan Singer, a self-proclaimed fan of single-player experiences and senior manager, global games industry at Akamai.
Singer says he would never buy cheat codes to help Link (Legend of Zelda's legendary hero) move past tough challenges. Yet, in the gaming industry, cheating and other cybercrimes are widespread and costly – to companies and players alike – and difficult to defend against.
"Gaming is one of the largest completely unregulated financial markets," Singer says. "That's because there are so many games out there, and there are multiple ways game accounts have value."
According to recent reporting from Forbes, some working in the "Fortnite underground" are making anywhere from $5,000 to $25,000 per week, with some earning over $1 million each year
Nevertheless, says Singer, game-related crimes are difficult to trace and prosecute.
"If your bank account gets hacked, you call the bank [and] they work with local authorities. ... Call the police and tell them your Fortnite account has been hacked, you're gonna get laughed off the phone," he says. "But if you put a lot of money into that account, it's not a laughing matter."
Types of AttacksAccording to Grand View Research, the global video game market was valued at $151.06 billion in 2019. It is expected to grow ..
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