Cyber Magazine January 2023 | Page 80

How cyber-secure is the Metaverse ?

Cybersecurity experts share their concerns about the safety of the metaverse as it starts to take shape

WRITTEN BY : VIKKI DAVIES

Love it or loathe it , the metaverse is the next evolution in social connection and the successor to the mobile internet . It ’ s not on single technology or device , and it ’ s not the service of any one company . Instead , it ' s the convergence of several separate technologies , all of which are quickly maturing for mainstream use . Together , those technologies can create the experience of an immersive , 3D environment in which users interact with their surroundings and other users as if they are in a shared space .

According to Deloitte , there is so much more to the metaverse than just a virtual space . It also has at least two other important characteristics that enhance its potential as a new platform with a wide variety of uses . First , it is likely to include both the physical and digital / virtual worlds in the user ' s experience . Second , the metaverse is expected to have a native economy , including digitally-native assets and trade . While the Internet today has an important relationship to the economy , the metaverse could have its own economy .
Many of the big super brands have already moved into the metaverse and , with a surge of hardware sales expected this Christmas , many more will likely follow suit as we move through the coming year . Brands entering this space are on a level playing field . Everyone ’ s trying out new things and finding their feet . Some have entered the gaming metaverse space , while others have established their brand in a walkable city .
80 January 2023