Hong Kong considers the metaverse to be a major security risk

Hong Kong considers the metaverse to be a major security risk

The Hong Kong Computer Emergency Response Team Coordination Center, in a statement last week, reported that criminals may steal sensitive user information as the value of cryptocurrencies grows. The information security of NFT and metaverse networks will receive more attention, the agency said.

The cybersecurity agency concern comes as Hong Kong is experiencing a boom in the NFT and metaverse industries. Traditional auction houses are embracing NFTs, with the latest Phillips launching an NFT auction on Monday to celebrate Valentine’s Day.