One thing that gamers turned cheaters often fail to understand is how these cheats work and the type of people they are buying their cheats from. The individuals selling these cheats are akin to the drug dealers of the internet gaming community. They are programming hacks that inject themselves directly into the processes and ram allocations running in your computer. This is EXACTLY the same thing that viruses do.
The hack/cheat salespersons are programming a stable virus for your game. If they can program this for the game, they are likely capable of programing worms and trojans designed to prowl your system for personal data for them to steal and sell. Not only did you just give these people your name, address, and credit card, but you gave them access to your computer and home network. What do you keep on your machine?
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Many of these hacks kick off anti-virus and firewall warnings; there is a reason for that. All of these hack sites tell you to just disable the antivirus or ignore the warnings. Wow, doesn't that sound off to you?
Now, I'll admit that some sites I collect information on do not have virus warnings in their programs, which really leads me to believe that some are shady hacks collecting your computer info and some are legit cheats. If there can be such a thing.
Bottom line: Don't cheat, winning in a video game isn't worth the risk.