It just means that once you send your test questions to a model API, that company now has your test. So 'private' benchmarks take it on faith that the companies won't look at those requests and tune their models or prompts to beat them.
They have quite large amounts of money. I don't think they need to be very cost-efficient. And they also have very smart people, so likely they can figure out a somewhat cost-efficient way. The stakes are high, for them.
Depends. Something like arc-agi might be easy as it follows a defined format. I would also guess that the usage pattern for someone running a benchmark will be quite distinct from that of a normal user, unless they take specific measures to try to blend in.