Quantum computing, AI and Metaverse fuel “perfect storm” for cyber attacks

Almost all Web3 developers surveyed (ie 95% of them) by Naoris Protocol believe data breach costs will continue to rise, with 18% predicting such costs could exceed £4.3 million by the end of the decade. The clear majority (ie 97%) also see the Metaverse, AI and machine learning as “accelerants” for more frequent and sophisticated cyber attacks.

Metaverse and AI: double-edged sword

As the Metaverse evolves into a more integrated element of the digital economy and AI capabilities grow exponentially, new threats and vulnerabilities emerge. Over 41% of surveyed developers strongly agree with the assertion that these technologies will drive a significant increase in cyber attacks.

David Carvalho, CEO and founder of Naoris Protocol, noted: “The fusion of the Metaverse and AI is creating a larger attack surface for hackers, while quantum computing threatens to undermine traditional encryption methods. The risks are very real, while the cost implications are staggering.”

DePIN: transforming security through decentralisation

Web3 developers are rallying behind Decentralised Physical Infrastructure Networks (DePIN) as a solution to the growing cyber security challenges.

DePIN decentralises critical infrastructure, such as network nodes, Data Centres and cloud systems, in turn reducing reliance on centralised entities and enhancing overall resilience. This approach mirrors the transformative impact of railways in the 19th Century, which reshaped economies by revolutionising connectivity.

The Naoris Protocol study reveals strong optimism for DePIN’s potential:

*37% of Web3 developers strongly agree that DePIN could exert a revolutionary impact on global infrastructure

*59% slightly agree, with only 2% dissenting

With successful examples like Arewave’s decentralised storage network and Render Network’s distributed GPU rendering, DePIN’s scalability and efficiency are clear.

“DePIN reduces single points of failure and empowers communities to take control of key infrastructure, thereby fostering both security and economic incentives,” added Carvalho.

Quantum-driven cyber security landscape

The rise of quantum computing further underscores the urgency of adopting decentralised security frameworks. Quantum computers are expected to break traditional encryption techniques, putting sensitive data at an unprecedented risk.According to Naoris Protocol’s research, 95% of developers are concerned about quantum computing’s implications, with 36% expressing significant concern. However, 87% believe DePIN technology can play a pivotal role in addressing these threats across the next decade.

In what is a significant step forward, Naoris Protocol has now joined the DePIN Association, solidifying its position at the forefront of decentralised cyber security innovation. The company’s post-Quantum powered Decentralised Security Layer Architecture is tailored to secure systems and validate assets beyond traditional cyber security perimeters.

By fostering trust among devices, systems and processes, Naoris Protocol is actively empowering industries (from finance to healthcare) to transition from isolated silos towards collaborative and decentralised models.

Carvalho emphasised: “The Web3 community understands that decentralisation is key to future-proofing our digital ecosystem. DePIN’s rapid adoption signals a growing recognition of its value in tackling the cyber security challenges of today and tomorrow.”

Call for action

The Naoris Protocol study findings make it clear that businesses must prioritise decentralised solutions in order to counteract rising cyber risks. Given the integration of AI, the Metaverse and quantum computing, the cyber security landscape is evolving at a breakneck pace. Organisations that fail to adapt risk falling victim to ever-increasing breaches and losses.

Naoris Protocol’s efforts in the DePIN space are testament to the power of innovation in securing the future of digital trust. As DePIN reshapes global infrastructure, the Web3 ecosystem stands poised to lead the charge towards a safer and more resilient digital world.