The metaverse will be an immersive version of the internet with interactive features using different technologies such as virtual and augmented reality, 3D graphics, 5G, hologram, NFT, blockchain, haptic sensors and artificial intelligence.
Each technology used as a building block of the metaverse carries its own risks.
These components are owned and maintained by different companies with a history of frequent vulnerabilities and design exposures. This would certainly create challenges for the built-in meta-world. Rapid evolution through rookie developers will also open new security holes in the system due to inconsistent integration at the security layer.
We also anticipate an evolution of a dark web version of the metaverse due to its very nature of interaction through avatars. The dark web is an anonymous world where people interact through unmapped virtual identities. No one here will be interested in knowing anyone’s true identity but will still engage with each other commercially or personally. The DNA of the metaverse is very well suited to the dark web and that’s why I see it as a real security issue. The dark web version of the metaverse will also grow faster than the real version of the metaverse.
Although Meta is the top company developing a metaverse for users and gamers to be in the vast network of real-time 3D virtual worlds while maintaining their identity and payment history, the other top 10 companies that are integral to this build are NVIDIA. Epic Games, Microsoft, Apple, Decentraland, Roblox Corporation, Unity Software, Snapchat and Amazon
Let’s take a look at some of the significant security risks of the metaverse with an understanding of the evolution of complexity and its dynamic nature.
Police Stations in the Metaverse
This may not sound exciting to the western world, but it can definitely bring big changes to India’s law and order ecosystem. People have an inherent fear of the police and they avoid approaching them with complaints and criminal requests.
Even after 75 years of independence, the police cannot manage to change their image.
Having police stations in the metaverse will definitely bring some ease to the complainant and it might increase the number of complaints.
Due to the incredibly large data set, investigators will have to rely on AI for data analysis and further investigation. Investigations will be of a more probabilistic than deterministic nature, This will also allow to derive changes in laws and regulations.
Crimes in the Metaverse
People can create similar avatars with stolen identities or can hijack each other’s avatar to steal their digital assets or even real assets. These metaverse-based interactions will also influence a person’s actual decisions. It would then become imperative to investigate a real-world crime through metaverse footprints and recorded activities.
According to a data survey, around 23-30% of Facebook profiles might be fake in India. Where we cannot regulate the same in social media, similar challenges would emerge in the meta world as well.
Thus, identity access management and the fight against identity theft and identity theft will be the first real challenges in the metaverse.
Although NFT has become an integral part of the metaverse ecosystem, there are still security issues due to regular token breaches and hacks. Unfortunately, not all NFTs are developed with security by design in mind and therefore face regular security challenges.
The metaverse would create a shadow economy and ensuring trust in that economy would be a daunting task for developers. It would break down borders between nations and will always be a challenge for governments to reflect its value in the mainstream economy.
It will also require rules and regulations to define the liability of different stakeholders – just as we now define the liability of any intermediary or social media platform for any misuse. If we expect intermediaries to keep logs of every interaction in the metaverse, that would also create privacy issues.
Attacks and crimes based on social engineering
The metaverse opens many new opportunities for criminals and hackers, especially if they are good at social engineering. You can easily fool people with your behavior and build trust with them. It is very difficult not to be affected or influenced by someone if they are physically in front of you, compared to a Facebook friend request where you have the option to investigate the person before accepting the friend request. ‘friend. The metaverse is more real-time and much faster.
Early stage fraud could be something like building hype around a virtual asset and selling it at an unrealistic price and fooling people.
metaverse black hole
An immersive experience also creates the risk of a black hole, especially for children and teenagers. We have already seen cases in which teenagers lost their lives due to mobile games and were influenced so much that they could become a threat to other people.
We enter a bigger risk here where a child may not be able to tell the difference between the real and virtual world.
Virtual and Augmented Reality Security Risks
Data obtained through VR technology makes the metaverse vulnerable to cyberattacks that exploit biometric data such as fingerprints, retina scans, voiceprints, and facial geometry.
Augmented reality allows you to bring objects from the virtual world into the real world or retrieve a substance from the real world into the virtual world. It therefore opens up many more security issues than virtual reality because it creates a bridge between your real and virtual world. Such a compromise will easily expose your real-world entities to your virtual world without your permission.
Interactions confined to a largely virtual space can also lead to polarization and the formation of an isolated society where a certain group of people can become isolated or excluded.
Many of us may assume that the metaverse will be inherently secure due to blockchain, but that’s not true. The metaverse is built on multiple technologies and has its own privacy and security issues.
We will have many security challenges in the metaverse that are no different than what we see in conventional IT infrastructure – such as identity theft, data security, perimeter security, network security, endpoint security, social engineering and ransomware attacks.