Quick take:
- Identity Management Institute (IMI) has launched a metaverse security centre.
- The centre will help spread awareness of metaverse security risks and web3 best practices.
- The institute is also introducing a training and certification program for metaverse security.
Identity Management Institute (IMI) is doubling down on its efforts to improve metaverse risk awareness with a new division, Metaverse Security Centre. The centre has been created to spread awareness of metaverse risk and web3 best practices.
The institute is also launching a Certified Metaverse Security Consultant (CMSC) program that will train and certify learners on metaverse security.
The metaverse is generally described as a 3D virtual space where people can interact immersively in 3D avatars through, gaming, socialising, trading and attending virtual events.
The burgeoning industry has come leaps and bounds over the past 12 months after Facebook rebranded to Meta Platforms in a nod to the new direction the company was taking.
However, since then, the company has attracted numerous lawsuits related to user privacy and data, especially in the EU, resulting in penalties amounting to more than $960 million.
Although some blockchain startups have invested in web3 identities, they have continued to struggle to onboard users with some using partnerships with consumer-facing platforms to accelerate the process.
The Identity Management Institute is looking expansive at the risk factors, including those related to investing in web3 projects like NFTs, which can also be used to buy virtual assets in the metaverse.
The CMSC is structured into five chapters:
- Metaverse Security Overview
- Web3 Model and Architecture
- Metaverse Security Threats
- Metaverse Security Risks
- Metaverse Security Countermeasures
The course is designed to address the evolving security and privacy risks amid the global adoption of the metaverse.
Just like launching a website, any company can create its own metaverse world. All they need is a metaverse platform like The Sandbox, Roblox or Decentraland, and many others to get started.
And because the metaverse is built on web3, meaning access can be limited to those holding NFTs of a given virtual world, it can be challenging for authorities to enforce various regulations that users have become accustomed to on web2 platforms.
The CMSC course is created to increase awareness about such risks and educate learners about “solutions related to decentralized identity and access management, cybercrime and fraud prevention, smart contract transaction automation, data security, ethical conduct, privacy, and compliance,” the Institute wrote in a document sent to press services on Wednesday.
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