- CISO Guides
- 13 min read
TrendMicro Researchers posit that a “dark verse” could quickly become a new space for cybercrime and threat actors in the booming metaverse!
The Dark Web is currently where threat actors meet and coordinate illegal activities with impunity. On the dark web, you can expect to find underground marketplaces, sellers, and illegal services for sale.
Udo Schneider, IoT Security Evangelist Europe at TrendMicro said: “The Metaverse is a multi-billion dollar high-tech vision that will define the next internet age. While we do not know exactly how it is evolving, we need to start thinking now about how it can be exploited by threat actors and how we can meaningfully protect our society. Given the high cost and legal challenges, law enforcement will struggle to monitor the Metaverse for the first few years. The IT security industry must intervene now or risk a new Wild West developing on our digital doorstep.”
As the metaverse grows and becomes a brand-new virtual landscape for digital surfers, threat actors will be hoping for the birth of a “darkverse” – a metaverse world that protects criminal communities and is a virtual haven for threat actors.
As the dark web facilitates web-related crime, the darkverse will facilitate metaverse related crimes. This will extend to and beyond financial hacks, e-commerce fraud, NFT theft, bitcoin hacks, ransomware attacks and more.
TrendMicro researchers are highlighting the importance of darkverse focus because they believe that cybercriminals will be migrating from traditional dark web forums to darkverse spaces, as they will be inaccessible to law enforcement agencies and come with far more obstacles for law and order.
“Instead of meeting in underground forums, criminals will be able to virtually walk into metaverse dark web markets,” says TrendMicro.
Dr Moataz Bin Ali, Area Vice President and Managing Director, MEA for TrendMicro said: “We have witnessed an accelerated stage of evolution in technology, with the metaverse providing a new dynamic to how we see the world. Even though there has been a healthy progression, we are still in the early phases of incorporating the experiences of the metaverse into our daily lives. The unpredictability of the modern digital era has prompted us to take a proactive approach and prepare for malicious actors who are seeking to exploit vulnerabilities in the metaverse.”
A proactive approach is the only way individuals and organisations can stay savvy and safe in the face of such advanced technologies. With more business and commerce moving to the metaverse, your employees and colleagues need to be aware of the threats they face and how cybercriminals are operating on the platform.
The hope is that if you stay up to date and aware of the cyber risks and threats, as well as how they may be presented, you not only give employees the ability to spot them but also the knowledge and understanding on how to report and deal with cyberattacks in the metaverse.
There is also hope that as metaverse technology continues to advance, we will see a new protection layer or metaverse security software pop up to keep users safe from the threats of the darkverse. However, until such a day when preventative software is made, the onus of organisations and individuals to take proactive steps and measures to keep threat actors away from valuable virtual spaces and organisational data.
We at TSC are always hammering home the mantra that new cybersecurity threats are always emerging, innovating, and waiting to pounce. .
If you would like more information about how The Security Company can help deliver security awareness training, raise awareness, increase security skills, and establish a secure culture, or how we can run a behavioural research survey to pinpoint gaps in your security culture, please contact Jenny Mandley.
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