Cyber Fraud Use Cases in the Metaverse

Abstract

The metaverse, a virtual world where users can interact with each other and virtual objects, has been growing rapidly in recent years. With the increasing popularity of the metaverse, cyber fraud cases have also emerged in this virtual space. This chapter aims to explore the various forms of cyber fraud that have been observed in the metaverse, including phishing scams, virtual currency fraud, and identity theft. The chapter will examine the methods used by cybercriminals to commit these frauds, as well as the impact of cyber fraud on individuals and businesses in the metaverse. Additionally, the chapter will discuss the measures that can be taken to prevent cyber fraud in the metaverse, such as the implementation of secure authentication mechanisms and the use of virtual asset tracking systems. This chapter aims to raise awareness of the risks associated with cyber fraud in the metaverse and to provide guidance on how to mitigate these risks.

Keywords: Cyberfraud, Identity Theft, Metaverse, Phishing, Virtual Currency.

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