We are now at the beginning of the metaverse: the natural progression beyond social media. However, the privacy paradigm has shifted and users are ready to get back in the driver’s seat when it comes to control of their data and identity. Will this change in mindset help or harm the formulation of the metaverse? Let’s take a closer look.

Cybersecurity, identity theft and lack of trust

Cyberattacks, phishing, bot fraud, and identity theft are on the rise. With digital processes spreading across new parts of our working, financial and social lives, there are exponentially more lucrative opportunities and vulnerabilities for hackers to exploit – we’re talking trillions of dollars a year. Due to the rise of work-at-home and hybrid schedules, for example, many…