During the past few years, the metaverse has been a popular topic of discussion as people get excited about the potential new features and possibilities it may provide. In contrast, fraudsters have already discovered methods to take advantage of victims in the metaverse, as is the case with most technologies. What types of metaverse crimes and con games should you be on the lookout for then?
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Bullying and Harassment
Whether it’s bullying, harassment, or threats, unacceptable conduct online is nothing new. Yet, the metaverse has significantly increased the intensity of online personal assaults. A bad user could try to physically harm a victim’s avatar in the metaverse since it relies on virtual reality avatars for interaction.
Phishing Fraud
Phishing is a common type of online fraud that is currently practiced in the metaverse. A common phishing scam involves a malevolent actor pretending to be a reliable institution, such as an established business, in order to defraud victims of their data or money. The assault will frequently contain some form of a link, but in actuality, this link will take you to a site where all of your data will be stolen.
Money Laundering on the Net
Concerningly significant amounts of money are being laundered online, particularly on unsavory dark web marketplaces. A crucial element of the metaverse, cryptocurrency is a fairly common asset type used in money laundering, in part because it is more difficult to monitor and deanonymize than regular money. A cybercriminal might effectively launder enormous sums of money while avoiding discovery by using the metaverse as a vector.
Identity Theft via Metaverse Accounts
Your avatar serves as your digital identity within the metaverse. You may establish contacts, acquire real estate, and build your own virtual universe with this avatar. A bad actor has a chance to get valuable digital assets and objects by taking someone else’s metaverse identity, which might cause the victim to suffer significant financial losses.
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