The metaverse, an immersive 3D virtual world connecting all kinds of digital environments, has gained a foothold in the media. It quickly became one of the hot topics of the digital landscape. But security and privacy issues are increasingly important in the metaverse. How are we going to secure this virtual world?
For companies, the metaverse offers attractive opportunities. For example, an engineering consulting firm used the Infosys metaverse to prototype an immersive mixed reality workshop that inspects potential engineering construction sites, rendered as 3D assets. The capability is built and scaled for global use in the cloud of Azure. Nevertheless, security and privacy issues are becoming increasingly important in the metaverse. What about metaverse security?
The metaverse space requires robust security protocols
Undeniably, the metaverse faces many security challenges.
The metaverse, identity and authentication challenges
One of the central features of the metaverse – the use of avatars – creates fraud opportunities† It is well known that the identity concept is crucial in the metaverse. People can maintain a certain avatar and individuality and traverse geographic areas or worlds.
The metaverse will force people to claim an identity by sharing their PII and allow companies, organizations and other virtual citizens to authenticate. If a breach were to occur in this condition, it could lead to: significant harm to stakeholders†
Dishonest sellers can mimic the profile of established companies. And this will lead to fraudulent transactions and the unauthorized collection of personal data† The metaverse will have to overcome its own unique identity and authentication challenges. This means that verification systems will also have to evolve.
Blockchain is not regulated
Since the metaverse runs on blockchain technologythere is no possibility to recover stolen goods† Indeed, there are no blockchain rules. The latter has no centralized authority or administration. Furthermore, there is no one-size-fits-all approach to identifying and isolating cyber thieves.
In addition, access to the metaverse relies on software and other tools that are possible: manipulated for nefarious purposes† This further demonstrates the importance of maintaining robust security protocols that are regularly updated. But companies will also need to design security and privacy policies that are specific to the metaverse.
Property in the Metaverse
The metaverse requires the processing of huge amounts of personal data, which will be subject to strict privacy and data processing rules that social networks face. This could be a heavy burdenespecially for small businesses that want to contribute to the metaverse.
Apart from that, ambiguity of ownership in the metaverse will lead to many intellectual property disputes. Who will really own the content or elements of the game: the publishers or the users? Are the current business models adequate?
And finally, the burning question is: “How secure will the metaverse be? † The hacking, tampering and theft attempts are commonplace in today’s gaming world. Will the metaverse make things worse? The link between the metaverse economy and the offline economy will certainly contribute to this.
3 areas to focus on
To solve these problems, it is essential to focus on 3 main aspects.
Today, it is nearly impossible to have a single control window to manage end-to-end security. Almost every vendor has their own console, with many closed ecosystems and frequent functional duplication. With standards and increased use of APIs, customers can: choose security management consoles that best meet their needs.
The availability of APIs is limited and many of them are slow, unreliable and do not scale well. After a while, more advanced safety technology will mean that ‘zero trust’ will evolve into ‘zero touch’ with AI-based automation and control. One should also realize that legacy and on-premises systems are becoming increasingly risky. In fact, almost all security innovation happens in the cloud.
It is not possible to delegate cybersecurity to a Chief Information Security Officer (CISO) with a limited budget and limited powers. It should be a responsibility shared by all and led by a CISO supported by the Board of Directors. Skills also remain a challenge. Over time, automation will help close the skills gap. But in the meantime, the Managed Service Security Providers will play a key role.
In addition to specialized skills, basic safety skills should be ubiquitous. Everyone in an organization, from the front desk to the boardroom, must understand the metaverse. It also includes recognizing the unique security features and being able to: sound the alarm if necessary†
Integrated security for the metaverse
As security is increasingly integrated into all products, services and procedures, organizations must also ensure that: security is built into every process† For effective business operations, security should be seen as a technological privilege and a business necessity†
It must relate to people, processes and technology. In addition, organizations want to jump on the metaverse bandwagon to provide an “out of this world” experience. And secure design must go beyond the corporate gates. Security must be integrated into contracts with guest entities†
Cybersecurity and Metaverse Security
ldigital identity of each user is one of the most important elements to protect. Your metaverse profile contains your entire digital life and personality. This includes unique online and offline identities, bank account details and other sensitive data.
A cybersecurity partner to protect games
Companies contributing to the metaverse must: find a cybersecurity partner to protect their games. They have to rely on technology that can protect their games from hackers and does not affect the gaming experience itself.
The safety of everyone, including children, in this new environment will rest on their shoulders companies involved in the metaverse because they will have to take on the role of authenticator. They will have to find a way to stop cheating and cheating in the metaverse.
As advanced as the technology and techniques are to circumvent security measures, organizations will need to: stay one step ahead of cybercriminals† So the cybersecurity arms race that we have known for years, will have to intensify even further.
Technologies that secure computer equipment needed for the metaverse and the firmware that come with it are the most obvious areas of cybersecurity. With its apparent reliance on VR headsets, securing these devices could become more important than securing phones.
IoT security (Security of the Internet of Things) has faced crises in venture capital dollars and transactions in recent years. Last week, Armis Securitybased in Palo Alto, California, one of the largest IoT security companies, closed a $300 Million Seed Round for a valuation of $3.4 billion.
On the transaction side Microsoft has also been quite active in the collection of IoT security technologies† In June, the company announced it would acquire ReFirm Labsbased in Maryland, and developer of an open-source firmware security scan tool, as well as the IoT security provider CyberX† Microsoft pledged to invest $5 billion in IoT two years ago.
Companies focus on metaverse security
Matthew Goldstein, director of M12, which invests in cybersecurity, said part of M12’s investment thesis in looking at cyber was to help companies build their databases, which could be a point of emphasis in the metaverse. He highlighted M12’s investment in companies such as: SpyCloudbased in Austin, Texas, which helps prevent account takeovers and fraudas a good example of the dissertation.
Other companies like chain analysis, based in New York, analyzes blockchain data and crypto transactions for governments, banks and enterprises. They could also play a role in securing metaverse marketplaces†
Goldstein said the ability for users to take their identities with them — including all data and relationships established through other digital platforms — seamlessly into a new virtual world will be critical to its success. Ultimately, the success of the metaverse will depend on the number of users fully participating in the experience†
Securing the metaverse will depend on its mass adoption
As with any new technology platform, secure and invest in cyber platforms will rely heavily on metaverse adoption† Some of those who work in security remain curious as to whether most people will make it to the so-called “next chapter of the Internet”.
Ian McShane is the technical director of Minnesota-based cybersecurity firm Arctic Wolf. He said that apart from people buying and selling virtual NFTs, he has not come across the use case that this will cause. mass acceptance by most people† And while it’s possible that VR celebrity avatars could be the target of account takeovers and used to raise certain DeFi currencies in the same way that Twitter accounts have been used, he’s taking a wait and see approach regarding the metaverse.