The Metaverse utilizes emerging technologies such as Extended Reality (XR), Artificial Intelligence (AI), blockchain, and digital twins to provide an immersive and interactive virtual experience. As the Metaverse continues to evolve, it brings a range of security and privacy threats, such as identity management, data governance, and user interactions. This survey aims to provide a comprehensive review of the enabling technologies for the Metaverse. It also aims to provide a thorough analysis of key vulnerabilities and threats that may compromise its sustainability and user safety. We perform a systematic literature review (SLR) to identify key vulnerabilities and their countermeasures in Metaverse platforms. Metaverse offers a much larger attack surface compared to conventional digital platforms. Immersive, decentralized, and permanent characteristics of the Metaverse generate new vulnerabilities. Although there are many countermeasures to these vulnerabilities, most of them are theoretical or have not been tested in real-world environments. Our review highlights current advancements, identifies research gaps, and outlines future directions to ensure a secure, resilient, and ethically governed Metaverse.