. Due to the sheer amount of malicious activity that we already see exploiting services based on the blockchain, we believe it won’t be long before we start to see initial attacks in the Metaverse too. It will likely be based on authorization, and user accounts will get hijacked, so we expect that identity and authentication will sit at the heart of everything we want to do.
You may think that can’t possibly happen, but it’s a virtual world. Of course it can. We need to be able to discern between what’s real and what’s fake, and having a safe space to meet and transact will be crucial. Or will they need to be brought into the physical world to be signed and then pushed back in? How will that be done securely?
A lot of the concerns around security in the Metaverse are exacerbated by the huge skills shortage in the cybersecurity sector., we are lacking almost 3 million cybersecurity professionals and the current global cyber workforce needs to grow by 65% to effectively defend organizations’ critical assets. That percentage is likely to be a lot higher if we also consider the new virtual world.
Unfortunately, any company that doesn’t, may find itself in a place where it’s playing catch up and potentially losing out on business or engaging in processes that put the business at risk. You can transition slowly, just like many have done with cloud migration.