When any new technology emerges, cyber criminals and fraudsters will almost immediately have a look to see what’s in it for them.
The internet, smartphones and the Internet of Things have increasingly become part of how we live our lives — and all of these technologies are targeted by malicious hackers looking to steal passwords, personal information, bank details, and more.
So, as the metaverse and virtual reality emerge as a new way to live, work and relax on the internet, these platforms will also rapidly become the target for cyber criminals, keen to find and exploit vulnerabilities in hardware and software or perhaps to use the technology to support their scams.
Now Facebook owner Meta, which is ploughing vast sums into its metaverse-building projects, wants to get ahead of the hackers by asking security researchers to identify vulnerabilities and issues in metaverse-related products, such as Meta Quest, Meta Quest Pro and the Meta Quest Touch Pro, with genuine disclosures rewarded with bug bounty payments that potentially amount to hundreds of thousands of dollars.
Facebook has operated a bug bounty program for its web applications since 2011, but despite the metaverse being a key pillar of Meta’s business strategy, the company is still relatively new to developing hardware.
However, by encouraging cybersecurity experts from outside Meta to hack the metaverse, the company’s looking to improve the security of products for