Kaspersky, a cybersecurity firm, revealed through a report that the metaverse is more likely to be exploited in 2023, given the condition of its growing market, which is predicted to reach $50 billion by 2026. The firm noted the lack of regional data. protection laws, the General Data Protection Regulation (GDPR) and the growing expansion of the brand as the main reasons behind the security breach. Amid spikes in phishing and ransomware attacks in the crypto industry, the metaverse will continue to suffer, the report mentions.

As the metaverse moves to become a monetization venue with the introduction of its modern games, it has become a hotbed for malicious activity. in a…