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Tuesday, April 30, 2024

Hong Kong watchdog warns of NFT, metaverse risks as top 2022 tech dangers

The cybersecurity watchdog in Hong Kong warns people of risks involving non-fungible tokens and the metaverse. (Photo: Saritdet Marukatat)

HONG KONG: Risks involving non-fungible tokens (NFTs) and the metaverse are among key security threats to look out for in Hong Kong in 2022, according to the government-run cybersecurity watchdog Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT).

It warned that as the value of cryptocurrencies continues to climb, criminals could steal sensitive user information or access their accounts to hijack money, either at the point of transaction or where it is stored.

The HKCERT said that last year it handled 7,725 information security incidents, with 48% being phishing scams, a 7% increase from 2020. Phishing, a common type of online scam, occurs when…

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