"Metaverse Security Concerns Coming Into Focus as Businesses Plan For 'Virtual Reality' Futures"
The metaverse refers to Internet-connected Virtual Reality (VR). This technology will be accessible to anyone, and numerous businesses will likely use it to introduce their products and services. A new analysis conducted by Tenable examines the risks inherent in this developing market, which some analysts predict will be valued at as much as $800 billion by 2024, and identifies what are likely to be the greatest metaverse security threats. The vast majority of firms aim to conduct business in the metaverse within the next three years, according to the research based on responses from more than 1,500 Information Technology (IT) and cybersecurity professionals from around the world. While 90 percent are already considering the cybersecurity framework that must precede these efforts, less than half are confident that existing cybersecurity measures will be able to meet these additional requirements. Furthermore, 68 percent of firms claim they are prepared to enter the metaverse in the near future, yet a much smaller percentage are confident in their security measures. In this newly growing arena, the widespread lack of confidence does not always arise from an inability to identify potential risks. Respondents anticipate a mixture of new and old risks in the metaverse security landscape, with some of the old threats being those that enterprises are still battling to contain on the traditional Internet. This article continues to discuss key findings from Tenable's report regarding security and privacy concerns implicit in the emerging Metaverse market.