The massive transition to remote work associated with the pandemic has led to an increase in cybercrime. The number of people working remotely and the number of companies storing data in the cloud has increased, potentially making them more vulnerable to cyberattacks. The Metaverse presents new threats that have not previously been considered, so the introduction of AR and VR into workplaces and homes will increase security risks.
The study was conducted with 100 senior security experts from organizations such as Cyzen, Bores Security Consultancy, DCPCU, and others and found that 91.5% of experts are concerned about the potential security risks of the Metaverse itself.
The report states that 98.1% are concerned about the risks associated with merging the Metaverse with technologies such as deepfakes and other AI-generated effects. Less than 1% of security experts believe that Meta's two-year $50 million investment in responsible technology creation for the Metaverse is sufficient.
“The Metaverse presents a completely new vector for attacks that have not yet been considered. The introduction of VR and AR into workplaces and homes increases security risks such as identity theft and ransomware, and they become even more serious because the Metaverse exists in the cloud, which is more difficult to protect,” said Rahul Kumar, product manager Marketing Manhattan Tech Support.
Michael Schenk, senior cybersecurity consultant at Cyzen, said: “While the benefits of technology and public intentions have their promise, big tech has more ways to collect information. With all this data mining, the concept of privacy disappears completely.”