News Report Technology
May 29, 2023

Hong Kong Police Launches Cyberdefender Metaverse to Fight Crime in Web3

In Brief

Hong Kong Police has launched CyberDefender Metaverse to fight crime in the virtual space.

The initiative aims to educate about threats and opportunities in the metaverse and raise awareness about new technology crimes.

cyberdefender
Cyberdefender Metaverse

Hong Kong police’s Cyber Security and Technology Crime Bureau (CSTCB) has launched the CyberDefender Metaverse platform, accompanied by the inaugural online event “Exploring the Metaverse.”

The initiative educates people about the threats and opportunities web3 and the metaverse pose. It also aims to raise awareness about new technology-related crimes and offers a unique experience to participants.

The CyberDefender Metaverse has introduced three virtual spaces to the public: CyberDefender City and the Web3 Gallery and Auditorium. The Gallery has welcomed over 350 visitors, while the online event attracted more than 120 young students, teachers, and parents since the platform began beta testing.

According to the press release, in 2022, Hong Kong recorded 2,336 cases of virtual-asset-related crimes, amounting to a loss of over $1.7 billion. This year, Hong Kong experienced a sharp rise in cases. There were 663 reported cases and a $570 million loss mark: a 44% and 75% increase, respectively, compared to last year. These incidents expose how cybercriminals exploit the public’s limited knowledge of virtual assets.

During the sharing session, Ip Cheuk-yu, the Chief Inspector of CSTCB, provided insights into the potential risks within the metaverse and the importance of crime prevention. He stressed that cybercrimes often seen online, such as investment fraud, unauthorized system access, theft, and sexual offenses, could also happen in the metaverse.

In February, Interpol announced its commitment to combating criminal activities in the virtual world. It revealed its plans to establish a secure server for law enforcement officers to investigate the metaverse and understand potential crimes and solutions.

Read more:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

More articles
Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
Gate.io Unveils Its Risk Management Strategy: The Ultimate Guide To Hedging Risks In Crypto Futures
News Report Technology
Gate.io Unveils Its Risk Management Strategy: The Ultimate Guide To Hedging Risks In Crypto Futures
February 28, 2025
Matrixport: Bitcoin Adjustment Driven By Hedge Funds, Correction May Continue Until March Or April
Markets News Report Technology
Matrixport: Bitcoin Adjustment Driven By Hedge Funds, Correction May Continue Until March Or April
February 28, 2025
Coinbase, Ripple & Mastercard: Partnerships Powering Crypto’s Next Chapter
Digest Business Markets Technology
Coinbase, Ripple & Mastercard: Partnerships Powering Crypto’s Next Chapter
February 28, 2025
NAVI Protocol Urges Users To Claim V2 Liquidity Rewards By Tomorrow
News Report Technology
NAVI Protocol Urges Users To Claim V2 Liquidity Rewards By Tomorrow
February 28, 2025