| Hong Kong Police Force's Cyber Security and Technology Crime Bureau (CSTCB) has launched
a new metaverse platform, CyberDefender Metaverse, to inform the public
about the potential risks and dangers linked with Web3. At the
launch event dubbed Exploring the Metaverse, the chief inspector of the
CSTCB, Ip Cheuk-yu, gave a speech on the unit's crime prevention
strategies within the metaverse. - During the speech, Ip Cheuk-yu advised attendees to adopt the same level of caution while also using the Internet.
- The chief inspector also said decentralization could potentially increase the risk of asset theft.
- Besides,
Ip Cheuk-yu reiterated the Hong Kong Police Force's plans to accelerate
its educational initiatives regarding technology crime through the
CyberDefender Metaverse platform, especially for the younger
generation.
- The move followed the increase in virtual asset crime in Hong Kong reported in Q1.
- The
data showed that 663 criminal cases reported in Hong Kong during the
last quarter involved virtual assets and caused a $570M loss, with a 75%
rise from the same period of last year.
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