SportyBet regulators strengthen collaboration to tackle cyberattacks
An online betting platform, SportyBet, has revealed that it had collaborated with regulators and law enforcement agencies as well as increased its investment in technology to tackle cyberattacks in the gaming industry. 20th May 2024 
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An online betting platform, SportyBet, has revealed that it had collaborated with regulators and law enforcement agencies as well as increased its investment in technology to tackle cyberattacks in the gaming industry.
This was disclosed in a statement issued by the company while refuting claims of not paying winnings.
SportyBet said that it took those steps following claims of ‘unpaid winnings’.
“Relating to 42 accounts that were restricted from further activity after having been identified and verified as being simultaneously abusively operated using bot technology by an international cybercrime syndicate, it is important to note that all 42 accounts are associated with the exact same foreign IP addresses and that the accounts repeatedly attempted to submit similar or identical illegal automated bets with fake odds that were not published by SportyBet,” it explained.
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The betting platform added that the affected accounts had been reported to the National Lottery Regulatory Commission and the Economic and Financial Crimes Commission, stating that there was an ongoing investigation into those accounts and the associated individuals.
The company said that it was also considering legal action against the malicious actors and any accomplices.
SportyBet added that would implement further measures to fortify its security protocols, deepen existing user verification processes, and deploy technologies to detect and prevent exploitation of its platform.
SportyBet, which operates in multiple countries, has been in Nigeria for more than 12 years.
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