The development of metaverses will lead to the spread of traditional cyber threats in them and the emergence of new ones, Trend Micro experts said.
Today we released a new report warning of the “darkverse,” criminality hidden from law enforcement, which could quickly evolve to fuel a new industry of #metaverserelated cybercrime.
For more on this, tune into our live #BHUSA panel, streaming Aug. ten! https://t.co/iGPF2tP2z8 pic.twitter.com/V5kAA1mTQ4
— TrendMicro (@TrendMicro) August 8, 2022
In a new report, experts predicted five main threats to virtual worlds:
- their widespread NFTs will be vulnerable to phishing, extortion, and other targeted attacks as they become an important commodity for property rights regulation;
- by analogy with the darknet, the Darkverse space will arise as a place for illegal activities, which will be extremely difficult for law enforcement agencies to track, control or penetrate into it for technological reasons;
- the purchase of overvalued NFTs and real estate in the metaverse will provide attackers with a new channel for money laundering;
- criminals and statesmen will use social engineering, propaganda and fake news to influence sensitive groups for their own purposes;
- there will be serious privacy concerns as metaverse operators will have unprecedented access to user data and activity.
“The Metaverse is a multi-billion dollar high-tech concept that will define the new era of the Internet. While we don’t know exactly how it will evolve, we need to start thinking now about how it will be used by attackers. Given the high costs and jurisdictional challenges, it will be difficult for law enforcement in general to provide security in its early years,” said Trend Micro Vice President Bill Malik.
Recall that analysts at Citibank, the largest international bank, predicted the growth of the metaverse economy to $13 trillion by 2030.
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