Users of virtual reality (VR) systems assume that these systems are safe, which leads to significant risk. Despite this, there is little research examining the security of these VR systems. This study is distinguished by the fact that it expanded the scope of the impact of cyberspace vulnerabilities on VR systems and was not limited to one or two elements as in other studies. It also prepared an analytical study of students’ awareness of these vulnerabilities. To explore this issue, a systematic literature review (SLR) was conducted and many recent studies (from 2020 to 2024) were selected and reviewed. The findings of the qualitative study showed that VR has a profound impact on security and presents both potential vulnerabilities and innovative solutions. These impacts are largely due to a lack of user awareness of cybersecurity threats in VR environments. Numerous studies illustrate the potential of VR to enhance security through multi-modal authentication methods, training simulators, and the use of biometrics. However, the expanding VR ecosystem, the metaverse, introduces new security and privacy risks. These can be mitigated through various strategies, including the integration of VR with blockchain technology. Other studies highlight that VR and augmented reality (AR) technologies can pose safety, security, and privacy threats, necessitating a balanced approach to system control and application flexibility. The study recommends prioritizing the development of user-friendly, robust security protocols in VR environments, enabling users to use the VR system in easy and safe by their digital presence, such as physical protective devices and keys, encryption features, and Install automatic terminal identification, dial-back. This study is significant because is intended for both designers and users, for security professionals, developers, users, and policymakers, as it provides insights into the advantages and disadvantages of using VR in security and suggests measures to optimize the benefits while mitigating potential risks.