FIFA World Cup 2022: Cybercriminals Using Fake Sites to Steal Personal Information, IT Security Firm Says

From fake entry permits and betting sites to fake cryptocurrency, cybercriminals have spun all the tricks to lure football fans in the name of the FIFA World Cup, IT security intelligence firm CloudSEK warned on Monday.

While India is not part of the FIFA World Cup, the Indian community is reportedly estimated to be the largest among the expatriate population in Qatar which is hosting the biggest football tournament.

The Bengaluru-based cyber security firm said that several Telegram channels were found selling Hayya cards (FIFA entry permit) for prices ranging from $50 (roughly Rs. 4,300) to $150 (roughly Rs. Rs. 12,300).

“To create Hayya cards, the threat actors claim to require the buyer’s valid IDs like passports. And payment is only accepted in Bitcoin,” CloudSEK said in a report.

Cyber criminals are also sharing hacking techniques that purportedly allow one to register for a Hayya card without a valid FIFA ticket number, for free.

The technique is based on brute forcing the ticket number based on an alleged ticket number pattern that the threat actor shared.

“Since the FIFA world cup is a popular event, the demand for tickets far exceeds the supply. To exploit this gap between the supply and demand, scammers have set up websites that sell fake tickets,” CloudSEK said.

The threat actors are trying to cheat netizens by selling limited edition fake cryptocurrency as crypto currency platform Crypto.com is an official FIFA sponsor and Binance has partnered with Cristiano Ronaldo to promote soccer-themed NFTs.

“Threat actors are piggy-backing on this hype to sell fake ‘World Cup Coin’ and ‘World Cup Token’ by promoting them as limited edition cryptocurrency. However, most of these purported coins don’t exist,” the report said.

CloudSEK researchers in the report said FIFA sponsors should bolster their security mechanisms and stay up to date on threat actors’ tactics and techniques.


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EA Lowers Annual Booking Forecast for 2022 Amid Decades-High Inflation, Strong Dollar

Electronic Arts (EA) lowered its annual bookings forecast on Tuesday as the publisher of FIFA and Apex Legends struggles with this year’s surge in the US dollar and a gaming industry slowdown from pandemic heights. The company now expects annual bookings – an indicator of future revenue – between $7.65 billion (roughly Rs. 63,280 crore) and $7.85 billion (roughly Rs. 64,930 crore), compared with $7.90 billion (roughly Rs. 65,350 crore) to $8.10 billion (roughly Rs. 67,000 crore) earlier.

After a meteoric rise during the pandemic, video game sales have been easing this year due to a lack of major releases and lower spending by consumers facing decades-high inflation.

That, coupled with the industry’s prolonged supply-chain challenges, also pressured quarterly revenue from Sony’s PlayStation 5 and Microsoft’s Xbox content and services.

Overall, the gaming market is expected to grow just 2 percent in 2022, according to data from research firm Newzoo, a far cry from 2020’s 23 percent jump.

A near 17 percent rise in the US dollar this year has also stifled growth, with EA forecasting a roughly $200 million (roughly Rs. 1,650 crore) hit to annual bookings. The company earns more than half of its revenue from outside the US. But EA, which had no major releases in the first three quarters of 2022, could get some support from the October launch of FIFA 23 – the latest instalment in its popular football franchise.

FIFA 23 had the best launch week of any game in the series, and it looks set for more demand thanks to the soccer World Cup in Qatar next month. EA booked second-quarter adjusted sales of $1.75 billion (roughly Rs.14,475 crore), missing the $1.80 billion (roughly Rs. 14,890 crore) expected by analysts, according to Refinitiv data.

Net income rose to $299 million (roughly Rs. 2,470 crore), or $1.07 per share, from $294 million (roughly Rs. 2,430 crore), or $1.02 (roughly Rs. 85) per share, a year earlier.

© Thomson Reuters 2022


 

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