Key Threats To Watch Out For In Online Gaming

With a strong pull coming towards gaming, gamers are still exposed to increasing digital threats, finds mFilterIt

As India's esports segment grows exponentially, this expansion is majorly attributed to the rapid digitalization that has occurred in recent years. Esport as an ecosystem has a much larger economic potential and is expected to generate around Rs 100 billion in economic value between now and FY2025. Now with the government's clear vision and setting up of a task force to recommend steps for promotion of animation, visual effects, gaming, and comic (AVGC) sector in the Budget 22-23, the gaming industry has come to a forefront.

As the Indian gaming industry embarks on a growth journey, it's also crucial to be aware of the threats of online gaming. mFilterlt, a global digital fraud detection and prevention company, recently released a set of threats involving various digital frauds that the gamers must keep in mind before stepping into the arena as the threat of fraud remain high.

Emphasizing this issue, Amit Relan, Co-founder and Director of mFilterlt, said, According to a recent 2021 Ernst & Young Report, India's esports business grew to INR 3 billion in FY2021 and is predicted to increase up to INR 11 billion by FY2025. The government also recognized the growth and employment opportunity in the AVGC sector by announcing an AVGC promotion task force to build domestic capacity. The gamers are focused on achieving a specific level of success, whether it is through tournament participation, gaining top positions in games, or other means. Unfortunately, this puts them exposed to an increasing number of digital scams. We at mFilterlt, want to bring the threat to the gamers on the surface and offer a way to prevent themselves from frauds and online predators by generating awareness.