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Along with the development of multimedia, animation, and network bandwidth, online gaming has become a very successful and outstanding industry recently, especially in Asia Pacific. However, due to the lack of security consideration, legal regulation, management, auditing and related legislation, more and more players have violated the law or become the victims while they are indulging in the virtual world. Virtual properties are getting more and more valuable in the real-world marketplace, and trade or exchange of virtual properties between players have become prevalent. Unfortunately, using illegal fraudulent means or programs to grab others' UserID or password are increasing as well. This paper provides a detailed overview of the online cheating threat and the associated security flaws, examines its consequences for online businesses, and outlines technical solutions and implications.