Hong Kong Police Launches CyberDefender to Enhance Safety in the Metaverse

CryptoMode Hong Kong Web3 SFC CyberDefender Metaverse e-HKD SEBA Bank

As a response to rising digital crimes in the modern world, the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force has introduced CyberDefender—a cutting-edge metaverse platform. This innovative initiative aims to foster public awareness about the burgeoning risks associated with the development of Web3 and the metaverse. Through CyberDefender, the law enforcement agency seeks to empower the public in combating technology-driven crimes in the evolving digital landscape.

A Proactive Step Toward Crime Prevention

Conceived as a preventative measure against cybercrimes, CyberDefender debuted to help citizens navigate the complexity of the digital age. By focusing on technology crime prevention, the platform offers a proactive approach to tackling potential threats in an increasingly interconnected world.

The day of its launch was marked with a significant event—”Exploring the Metaverse.” This inaugural gathering occurred across three virtual venues and concentrated on dissecting strategies to prevent crimes within the metaverse’s dimensions.

The Metaverse: A New Frontier for Cybersecurity

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In this event, CSTCB’s chief inspector, Ip Cheuk-yu, underlined the significance of adopting caution in the metaverse environment. He encouraged the audience to exercise the same level of alertness they would while interacting with the conventional internet. He explained, “All crimes in cyberspace could also happen in the metaverse, including investment frauds, unauthorized system access, theft, and sexual offenses.”

Ip elaborated on how the inherent decentralization of the metaverse and Web3 could amplify the threat of asset theft. “The decentralized nature of virtual assets in Web3 may also increase the likelihood of cybercriminals targeting end point devices, virtual asset wallets, and smart contracts,” he warned.

An Educational Focus on Cybercrime

In light of a significant surge in virtual asset-related crimes in the first quarter of 2023, the Hong Kong Police Force is stepping up its efforts to educate the public, particularly the youth, about the risks of technology crimes.

During Q1 2023, Hong Kong witnessed 663 reported incidents involving virtual assets. That represented a total loss of $570 million—a 75% uptick compared to the first quarter of 2022.

Navigating the Digital Age with CyberDefender

Due to its ongoing commitment to promoting public safety, the police force pledged to continue organizing educational initiatives on various themes via the CyberDefender Metaverse platform. 

These programs aim to increase awareness among teenagers regarding the latest advancements in information technology, potential pitfalls, and the importance of preventing technology crimes.

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