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Cheating is certainly security related. It directly affects the bottom line of the companies involved. It drives clients away. Cheats and cheat applications are very often used to farm in game commodities that the player might otherwise buy because of the time involved in farming them, depending on the monetization model used by the game developers (as in “free to play” vs. subscription). And when you get to certain levels it can impact on prizes and sponsorship. It is a form of theft.
Cheat applications are also often used to steal account information, and install other forms of malware, so yes, cheat applications are definitely a security issue.