The Hong Kong Police have introduced "CyberDefender" to prevent crime in the Metaverse.

The Hong Kong Police have introduced "CyberDefender" to prevent crime in the Metaverse.

The Hong Kong police force has launched a new platform to promote crime prevention in the metaverse.

The Hong Kong Police Force's cybersecurity arm launched "CyberDefender" to educate the public about potential dangers in the Web3 and metaverse space. The platform aims to promote crime prevention and prepare users for challenges in the digital age. The CSTCB warned that crimes in cyberspace could happen in the metaverse and Chief Inspector Ip Cheuk-yu discussed the dangers of the digital space at the launch event.

The Hong Kong Police have introduced "CyberDefender" to prevent crime in the Metaverse. He said:

The decentralized nature of virtual assets in Web3 may also increase the likelihood of cyber criminals targeting end point devices, virtual asset wallets and smart contracts.

The Chief Inspector specifically referenced fraud, hacking, theft, and sexual offences, which can all occur in the metaverse, BeInCrypto reports.

The Hong Kong Police have introduced "CyberDefender" to prevent crime in the Metaverse. Virtual Asset-Related Crimes Cost Victims $1.7 Billion In 2022

In 2022, 2336 virtual asset-related crimes were reported, costing victims $1.7 billion. Virtual asset-related crimes are increasing significantly, with 663 reported in Q1 2023, representing a 75% increase from Q1 2022. The police force aims to raise awareness among the younger generation through its educational initiative.

Police will continue to organize public educational initiatives on different themes through the ‘CyberDefender Metaverse’ platform, raise the awareness among teenagers regarding the latest advancements in information technology, potential pitfalls and the importance of preventing technology crimes.

The Hong Kong Police Force's cybersecurity arm launched "CyberDefender" to promote crime prevention in the metaverse and educate the public about potential dangers in the Web3 and metaverse space. The CSTCB warned that crimes in cyberspace could happen in the metaverse and the platform aims to prepare users for the challenges of the digital age. Chief Inspector Ip Cheuk-yu discussed the dangers of the digital space at the launch event.

He said:

The decentralized nature of virtual assets in Web3 may also increase the likelihood of cyber criminals targeting end point devices, virtual asset wallets and smart contracts.

The Chief Inspector specifically referenced fraud, hacking, theft, and sexual offences, which can all occur in the metaverse, BeInCrypto reports.

Virtual Asset-Related Crimes Cost Victims $1.7 Billion In 2022

In the press statement, the Hong Kong police outlined what virtual asset-related crimes cost victims in 2022. 2336 virtual asset-related crimes were reported costing victims a total of $1.7 billion.

Virtual asset-related crimes are also increasing significantly, with 663 such crimes reported in Q1 2023. Losses amounted to $570, representing a 75% increase compared to Q1 2022.

The police force said its educational initiative would specifically raise awareness among “the younger generation.”

Police will continue to organize public educational initiatives on different themes through the ‘CyberDefender Metaverse’ platform, raise the awareness among teenagers regarding the latest advancements in information technology, potential pitfalls and the importance of preventing technology crimes.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.