Exploring Risks in the Metaverse in an Immersive Digital Economy

Victor Chang, Sandra Strittmatter, Vitor Jesus, Lewis Golightly, Pin Ni, Karl Hall

Research output: Chapter in Book/Published conference outputConference publication

Abstract

The Metaverse is the next paradigm of computing and a combination of the words next and the universe. Immersive technology such as Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), and Extended Reality (XR) have been emerging at a fast pace in recent years. The Metaverse aims to solve the limited social dynamic of using the internet for communications. Since the Covid-19 pandemic, the internet has been used for education, work, and gaming in a more immersive method than ever before. However, the problem the Metaverse aims to solve is the social limitations of using technology such as Microsoft teams. In this paper, we address the opportunities of the Metaverse, such as online gaming and an enhanced 3D virtual community life, alongside the potential of cyber risk and security issues, such as data privacy and information security. We complement our paper with a risk assessment of the Metaverse, particularly focusing on risks associated with cybersecurity.
Original languageEnglish
Title of host publicationProceedings of the 5th International Conference on Finance, Economics, Management and IT Business - FEMIB
PublisherSciTePress
Pages107-113
Number of pages7
ISBN (Electronic)978-989-758-646-0
DOIs
Publication statusPublished - 23 Apr 2023
Event5th International Conference on Finance, Economics, Management and IT Business - Prague, Czech Republic
Duration: 23 Apr 202324 Apr 2023
https://femib.scitevents.org/?y=2023

Publication series

NameProceedings of the 5th International Conference on Finance, Economics, Management and IT Business
PublisherSCITEPRESS - Science and Technology Publications

Conference

Conference5th International Conference on Finance, Economics, Management and IT Business
Abbreviated titleFEMIB
Country/TerritoryCzech Republic
CityPrague
Period23/04/2324/04/23
Internet address

Bibliographical note

Copyright 2023. Licensed under a Creative Commons Non-commercial Non-derivatives (CC-BY-NC-ND) license

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