Metaverse Opens Up New Realm Of Cybercrime: Interpol Officer Madan Obero

 

The potential for the metaverse to lead to new types of cybercrime and increase the scale of existing ones has prompted Interpol, the international police agency, to take proactive measures. The metaverse refers to online immersive environments that could soon become part of everyday life. Interpol’s executive director for technology and innovation, Madan Oberoi, has stated that member countries have raised concerns about how to prepare for potential metaverse crime.

Oberoi said that some crimes may be new to the metaverse while others could be made easier and taken to a new level by this medium. One such example of a potential risk is phishing and other scams that might work differently when augmented reality and virtual reality are used. In addition, he expressed concern about the safety of children in this environment.

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The possibility of terror groups using the metaverse to plan and launch attacks on real places is also a concern. Oberoi highlighted how such groups could use the space to practice their attacks before carrying them out. The metaverse could offer a convenient and secure space for such groups to plan and coordinate their activities, with potential implications for global security.

Europol, the European Union’s police agency, recently released a report stating that terror groups may use virtual worlds to spread their message, recruit new members, and train new members. The report also noted that users can create virtual worlds with “extremist rules,” which poses a serious risk to public safety.

Europol has further warned that if metaverse environments record user interactions on the blockchain, it would be possible to track everything someone does based on a single interaction with them. This information could be useful to people who want to stalk or extort others, highlighting the potential for the metaverse to facilitate new forms of criminal activity.

The metaverse has been gaining popularity in recent years, with businesses and investors betting that virtual world environments will become more mainstream and mark a new stage in the development of the Internet. Facebook even changed its name to Meta in October 2021 to signify its shift towards this idea.

However, this dream of the metaverse does not seem to be taking off as quickly as anticipated. Recently, the price of Meta’s stock dropped as investors expressed uncertainty about whether they should spend money on metaverse bets. Additionally, sales of blockchain-based assets like virtual land and digital possessions have dropped sharply after a period of rapid growth last year.

In conclusion, while the metaverse offers exciting possibilities for innovation and growth, it also presents new risks for criminal activity. Law enforcement agencies like Interpol and Europol are taking proactive measures to prepare for these risks and protect public safety. As the metaverse continues to develop, it is important for businesses, investors, and individuals to remain vigilant and take steps to mitigate potential risks.

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Interpol and Europol have expressed concerns over the possibility of cybercrime in the metaverse, an online immersive environment. Madan Oberoi, Interpol’s executive director for technology and innovation, has said that member countries have raised concerns about preparing for possible metaverse crime. According to Oberoi, some of the crimes may be new to the metaverse, while others will be easier to commit and will be taken to a new level by the medium.

In addition, Oberoi has stated that phishing and other scams may work differently when augmented reality and virtual reality are used, and he is also worried about the safety of children. He highlighted the fact that if a terror group wants to attack a real place, they could use the metaverse to plan, practice, and launch their attacks. The potential for terror groups to use virtual worlds to spread their message, recruit new members, and train new members was also noted by Europol, the European Union’s police agency, in a recent report.

Europol has also raised concerns about the possibility of tracking users in the metaverse. If metaverse environments record user interactions on the blockchain, “it might be possible to track everything someone does based on one interaction with them,” Europol said. This could be useful information for people who want to stalk or extort others.

The metaverse has become a buzzword in the tech world, with businesses and investors betting that virtual world environments will become more popular and mark a new stage in the development of the Internet. Facebook even changed its name to Meta in October 2021 to reflect its interest in the metaverse. However, the dream of the metaverse is yet to be fully realized. The price of Meta’s stock fell recently as investors were uncertain about whether to spend money on metaverse bets. Sales of blockchain-based assets like virtual land and other digital possessions have also dropped sharply.

As the metaverse gains in popularity, it is important to consider the potential for cybercrime and take steps to prevent it. Law enforcement agencies like Interpol and Europol are working to prepare for possible metaverse crime, and businesses and investors should also take measures to protect themselves and their customers. By being aware of the risks and taking proactive steps to address them, we can ensure that the metaverse is a safe and secure environment for everyone to enjoy.

Source: https://www.the420.in/metaverse-opens-up-new-realm-of-cybercrime-interpol-officer-madan-oberoi/