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

NEW DELHI: Interpol, an international police agency, said it was getting ready for the possibility that online immersive environments, called the “metaverse,” could lead to new types of cybercrime and let existing crimes happen on a larger scale.

Madan Oberoi, Interpol’s executive director for technology and innovation, told Reuters that member countries have raised concerns about how to prepare for possible metaverse crime.

Madan Oberoi said some of the crimes may be new to Metaverse and some old crimes will be made easier and taken to a new level by the medium.

Interpol officer said that phishing and other scams might work differently when augmented reality and virtual reality are used. He also said that he was worried about the safety of children.

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“If a terror group wants to attack a real place, they could use this space to plan, practise, and launch their attacks,” he said.

“Some of the crimes may be new to this medium, and some old crimes will be made easier and taken to a new level by the medium,” he said.

“If a terror group wants to attack a real place, they could use this space to plan, practise, and launch their attacks,” he said.

In a report released earlier this month, Europol, the European Union’s police agency, said that terror groups may use virtual worlds in the future to spread their message, recruit new members, and train new members. The report also said that users can make virtual worlds that have “extremist rules.”

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If metaverse environments record user interactions on 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 people.

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In 2021, the word “metaverse” became a tech buzzword. Businesses and investors bet that virtual world environments will become more popular and mark a new stage in the development of the internet. Facebook said that in October 2021, it will change its name to Meta to show that it is moving toward this idea.

But so far, this dream doesn’t seem to be coming true. Thursday, the price of Meta’s stock fell because investors were not sure if they should spend money on metaverse bets. After a period of rapid growth last year, sales of blockchain-based assets like virtual land and other digital possessions have also dropped sharply.

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