Podcast

Risk in Context Podcast: Understanding the metaverse and its potential risks

In this episode of Marsh’s Risk in Context podcast, Trevor Smith, talks to Ben Hoster and Jaymin Kim about metaverse, the potential business opportunities, and the risks that organizations should be aware of as they consider investing in this new frontier.

Cyber security and global communication concept. Analysis of information. Technology data binary code network conveying connectivity, Data and information protection protocol.

As connectivity continues to improve and already pervasive technology becomes faster and more efficient, companies are exploring the opportunities that exist within the metaverse. It’s a seemingly limitless concept that is frequently referenced, but its boundaries are not always fully understood.

In this episode of Marsh’s Risk in Context podcast, Trevor Smith, senior vice president and casualty leader of Marsh’s Sharing Economy and Mobility Group, talks to Ben Hoster, who leads the transformative technologies agenda for the Marsh McLennan Advantage Insights team and Jaymin Kim, director of commercial strategy for technology, cyber, and digital at Marsh McLennan Advantage. They will explore what the metaverse is, the potential business opportunities, and the risks that organizations should be aware of as they consider investing in this new frontier.

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Organizations are exploring opportunities in the metaverse.

From creating the more advanced technology that the metaverse needs to expand, to refining digital currency concepts, to focusing on how users experience the space, companies across multiple industries are exploring ways to deliver better, faster, and more convenient and engaging experiences to the end user.

Physical world risks may be extended to the metaverse.

As individuals and businesses expand their use of immersive digital technologies, malicious actors will have more entry points for cyberattacks and data breaches. Counterfeit risks common across many physical goods industries may also present themselves in the metaverse.