Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Thursday, Mar 23, 2023

New Trend Micro report uncovers the 'darkverse' and its threat to MEA enterprises

New Trend Micro report uncovers the 'darkverse' and its threat to MEA enterprises

Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today released a new report titled Metaverse or Metaworse? Cybersecurity Threats Against the Internet of Experiences, warning of a “darkverse” of criminality hidden from law enforcement, which could quickly evolve to fuel a new industry of metaverse-related cybercrime.

As per Trend Micro, the “darkverse” will resemble a metaverse version of the dark web, enabling threat actors to coordinate and carry out illegal activities with impunity. Underground marketplaces operating in the “darkverse” would be impossible for police to infiltrate without the correct authentication tokens. Because users can only access a “darkverse” world if they are inside a designated physical location, there is an additional level of protection for closed criminal communities. This could provide a haven for multiple threats to flourish—from financial fraud and e-commerce scams to NFT theft, ransomware, and more.

As per the report, cybercriminals might look to compromise the “digital twin” spaces run by critical infrastructure operators, for sabotage or extortion of industrial systems. Although a fully-fledged metaverse is still some years away, metaverse-like spaces will be commonplace much sooner. Trend Micro’s report seeks to start an urgent dialog about what cyber threats to expect and how they could be mitigated.

“We have witnessed an accelerated stage of evolution in technology, with the metaverse providing a new dynamic to how we see the world,” said Dr. Moataz Bin Ali, Area Vice President and Managing Director, MEA for Trend Micro. “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. Trend Micro will continue to explore, innovate, and build solutions that resiliently safeguard the region's digital journey against modern-day threats as cybersecurity becomes a top priority for organizations.”

The top five metaverse threats outlined in the report are:

NFTs will be hit by phishing, ransomware, fraud, and other attacks, which will be increasingly targeted as they become an important metaverse commodity to regulate ownership.

The darkverse will become the go-to place for conducting illegal/criminal activities because it will be difficult to trace, monitor, and infiltrate by law enforcement.

Money laundering using overpriced metaverse real estate and NFTs will provide a new outlet for criminals to clean cash.

Social engineering, propaganda, and fake news will have a profound impact in a cyber-physical world. Influential narratives will be employed by criminals and state actors targeting vulnerable groups who are sensitive to certain topics.

Privacy will be redefined, as metaverse-like space operators will have unprecedented visibility into user actions – essentially when using their worlds within the metaverse.

Newsletter

Related Articles

Hong Kong News
Close
0:00
0:00
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
The US government has charged Chinese businessman Guo Wengui with leading a $1 billion fraud scheme that cheated thousands of followers out of their money.
Credit Suisse to borrow $54 billion from Swiss central bank
The BBC problem about China
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
Announcing GPT-4
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
'No relation to the American SVB': India's SVC Bank acts to calm depositors amid brand name confusion.
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
Saudi Arabia has announced a major breakthrough in diplomacy with Iran after two years of intense talks
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
A primitive judge in Australia sparked outrage when he told a breastfeeding woman to leave his courtroom for being “a distraction"
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
2 universities in Hong Kong embrace use of ChatGPT, other AI tools
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
Missing Chinese banker was working to set up Singapore family office
Hong Kong ditches Covid mask mandate after 945 days
Xi Jinping and His Wife Meet with Cambodian King Norodom Sihamoni and Queen Mother Norodom Monineath Sihanouk
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
When it comes to Tesla vs Lamborghini, an empty vessel makes more noise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
North Korea test-fires an intercontinental ballistic missile into the Sea of Japan west of Hokkaido
×