Online betting has become one of the fastest-growing digital industries on the planet and one of the most fertile hunting grounds for cybercriminals. Every thirty seconds, someone loses money to an online betting scam. In 2024 alone, losses surpassed $4.3 billion. This week, CyberHygiene goes all in on the fraud hiding inside your sportsbook.
🎰 What Is Online Betting, and How Does It Work?
Online betting is the act of placing wagers on sporting events, casino games, poker, or other outcomes through internet-based platforms and mobile apps. It is a broad category that includes sports betting (NFL, NBA, football, horse racing), iGaming (virtual slots, blackjack, roulette, poker), fantasy sports, and increasingly, esports.