#Fact Check-Misleading Newspaper from Kerala stating ban on paper currency
Executive Summary:
Recently, our team came across a widely circulated post on X (formerly Twitter), claiming that the Indian government would abolish paper currency from February 1 and transition entirely to digital money. The post, designed to resemble an official government notice, cited the absence of advertisements in Kerala newspapers as supposed evidence—an assertion that lacked any substantive basis
Claim:
The Indian government will ban paper currency from February 1, 2025, and adopt digital money as the sole legal tender to fight black money.
Fact Check:
The claim that the Indian government will ban paper currency and transition entirely to digital money from February 1 is completely baseless and lacks any credible foundation. Neither the government nor the Reserve Bank of India (RBI) has made any official announcement supporting this assertion.
Furthermore, the supposed evidence—the absence of specific advertisements in Kerala newspapers—has been misinterpreted and holds no connection to any policy decisions regarding currency
During our research, we found that this was the prediction of what the newspaper from the year 2050 would look like and was not a statement that the notes will be banned and will be shifted to digital currency.
Such a massive change would necessitate clear communication to the public, major infrastructure improvements, and precise policy announcements which have not happened. This false rumor has widely spread on social media without even a shred of evidence from its source, which has been unreliable and is hence completely false.
We also found a clip from a news channel to support our research by asianetnews on Instagram.
We found that the event will be held in Jain Deemed-to-be University, Kochi from 25th January to 1st February. After this advertisement went viral and people began criticizing it, the director of "The Summit of Future 2025" apologized for this confusion. According to him, it was a fictional future news story with a disclaimer, which was misread by some of its readers.
The X handle of Summit of Future 2025 also posted a video of the official statement from Dr Tom.
Conclusion:
The claim that the Indian government will discontinue paper currency by February 1 and resort to full digital money is entirely false. There's no government announcement nor any evidence to support it. We would like to urge everyone to refer to standard sources for accurate information and be aware to avoid misinformation online.
- Claim: India to ban paper currency from February 1, switching to digital money.
- Claimed On: X (Formerly Known As Twitter)
- Fact Check: False and Misleading
Related Blogs
Introduction
The insurance industry is a target for cybercriminals due to the sensitive nature of the information it holds. This makes it essential for insurance companies to have robust cybersecurity measures to protect their data and customers’ personal information.
Cyber fraud in India’s insurance industry is increasing. It is reported that the Indian insurance sector has witnessed a surge in cyber-attacks, with several instances of data breaches, identity thefts, and financial fraud being reported. These cybercrimes not only pose a significant threat to the financial stability of the insurance industry but also to the privacy and security of policyholders.
Cyber Frauds in the Insurance Industry
The insurance industry in India has been the target of increasing cyber fraud in recent years. With the growing digital transformation trend, insurance companies have become increasingly vulnerable to cyber-attacks. Cyber frauds in the insurance industry are initiated by hackers who use various techniques such as phishing, malware, ransomware, and social engineering to gain unauthorised access to policyholders’ personal data and sensitive information
Kinds of cyber frauds in the insurance industry
It is essential for insurers and policyholders alike to be aware of these kinds of cyber-attacks on insurance companies in today’s digital age. Staying educated about these threats can help prevent them from happening in the future.
Identity theft– One common type of cyber fraud that occurs in the insurance industry is identity theft. In this type of fraud, criminals steal personal information such as name, address, date of birth and social security numbers through phishing emails or fraudulent websites. They then use this information to open fraudulent policies or access existing ones.
Payment fraud- Another type of cyber fraud that is on the rise is payment fraud. In this type of fraud, hackers intercept electronic payments made by policyholders or agents using fake bank accounts or compromised payment gateways. The money is then siphoned into untraceable accounts, making it difficult for law enforcement agencies to identify and arrest the perpetrators.
Phishing attacks- Where the fraudsters posed as company officials and sent emails to policyholders requesting their account details. The unsuspecting customers fell for this scam and shared their sensitive information, which was then used to access their accounts and steal funds.
Hacking- Where hackers breach the company’s system to gain access to policyholder data. The hackers’ stoles personal records, including names, addresses, phone numbers, social security numbers, and financial information, which they later sell on the dark web.
Fake policies scam- Fraudsters create fake policies using stolen identities and collect premiums from innocent customers. The insurer then voided these policies due to fraudulent activity leaving those people without valid coverage when they needed it most. The victims suffer significant financial losses due to this scam.
Fake Insurance Websites- Discuss the creation of deceptive websites that imitate well-known insurance companies, where unsuspecting individuals provide their personal details, leading to identity theft or financial losses.
Prevention of Cyber Frauds in the Insurance Industry- Best practices to follow
Prevention is better than cure, which also holds true in the case of cyber fraud in the insurance industry. The industry must take proactive steps to prevent such frauds from occurring in the first place. One of the most effective ways to do so is by investing in cybersecurity measures that are specifically designed for the insurance sector.
Insurance companies must conduct regular employee training programs on cybersecurity best practices. This includes educating employees on how to identify and avoid phishing emails, create strong passwords, and recognise potential cyber threats. Companies should also establish a reporting mechanism for employees to report suspicious activity or incidents immediately.
Having proper access controls in place is also necessary. This means limiting access to sensitive data only to those employees who need it, implementing two-factor authentication, and regularly monitoring user activity logs. Regular audits can also provide an extra layer of protection against potential threats by identifying vulnerabilities that may have been overlooked during routine security checks.
Another essential step is encrypting all data transmitted between different systems and devices. Encryption scrambles data into unreadable codes that can only be deciphered using a decryption key, making it difficult for hackers to intercept or steal information in transit.
Legal Framework for Cyber Frauds in the Insurance Industry
The legal framework for cyber fraud in the insurance industry is critical to preventing such crimes. The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines for insurers to establish a cybersecurity framework. The guidelines require insurers to conduct regular risk assessments, implement security measures, and ensure compliance with data privacy laws.
The Information Technology Act 2000, is another significant piece of legislation dealing with cyber fraud in India. The act defines offences such as unauthorised access to a computer system, hacking, and tampering with data. It also provides for stringent penalties and imprisonment for those found guilty of such offences.
The IRDAI’s guidelines provide insurers with a roadmap to establish robust cybersecurity measures to help prevent cyber fraud in the insurance industry. Stringent implementation of these guidelines will go a long way in safeguarding sensitive customer information from falling into the wrong hands.
Best Practices for Insurers and Policyholders
Insurers:
Implementing Strong Authentication: Encouraging the use of multi-factor authentication and secure login processes to safeguard customer accounts and prevent unauthorised access.
Regular Employee Training: Conduct cybersecurity awareness programs to educate employees about the latest threats and preventive measures.
Investing in Advanced Technologies: Utilizing robust cybersecurity tools and systems to promptly detect and mitigate potential cyber threats.
Policyholders:
Vigilance and Awareness: Policyholders must stay vigilant while sharing personal information online and verify the authenticity of insurance websites and communication channels.
Regular Updates and Patches: Advising individuals to keep their devices and software up to date to minimise vulnerabilities that cybercriminals can exploit.
Secure Online Practices: Encouraging the use of strong and unique passwords, avoiding sharing sensitive information on unsecured networks, and exercising caution when clicking on suspicious links or attachments.
Conclusion
As the Indian insurance industry embraces digitisation, the risk of cyber scams and data breaches becomes a significant concern. Insurers and policyholders must collaborate to ensure robust cybersecurity measures are in place to protect sensitive information and financial interests.
It is essential for insurance companies to invest in robust cybersecurity measures that can detect and prevent fraud attempts. Additionally, educating employees on the dangers of cyber fraud and implementing strict compliance measures can go a long way in mitigating risks. With these efforts, the insurance industry can continue to provide trustworthy and reliable services to its customers while protecting against cyber threats. As technology continues to evolve, it is imperative that the insurance industry adapts accordingly and remains vigilant against emerging threats.
Executive Summary:
A viral video circulating on social media inaccurately suggests that it shows Israel moving nuclear weapons in preparation for an assault on Iran, but a detailed research has established that it instead shows a SpaceX Starship rocket (Starship 36) being towed for a pre-planned test in Texas, USA, and the footage does not provide any evidence to back-up the claim of an Israeli action or a nuclear missile.
Claim:
Multiple posts on social media sharing a video clip of what appeared to be a large, missile-like object being towed to an unknown location by a very large vehicle and stated it is Israel preparing for a nuclear attack on Iran.
The caption of the video said: "Israel is going to launch a nuclear attack on Iran! #Israel”. The viral post received lots of engagement, helpingClaim: to spread misinformation and unfounded fear about the rising conflicts in the Middle East.
Fact check:
By doing reverse image search using the key frames of the viral footage, this landed us at a Facebook post dated June 16, 2025.
A YouTube livestream from NASASpaceflight is dated 15th June 2025. Both sources make it clear that the object was clearly identified as SpaceX Starship 36. This rocket was being towed at SpaceX's Texas facility in advance of a static fire test and as part of the overall preparation for the 10th test flight. In the video, there is clearly no military ordinance or personnel, or Israel’s nuclear attack on Iran markings.
More support for our conclusions came from several articles from SPACE.com, which briefly reported on the Starship's explosion shortly thereafter during various testing iterations.
Also, there was no mention of any Israeli nuclear mobilization by any reputable media or defence agencies. The resemblance between a large rocket and a missile likely added some confusion. Below is a video describing the difference, but the context and upload location have no relation to the State of Israel or Iran.
Conclusion:
The viral video alleging that the actual video showed Israel getting ready to launch a nuclear attack on Iran is false and misleading. In fact, the video was from Texas, showing the civilian transport of SpaceX’s Starship 36. This highlighted how easily unrelated videos can be used to create panic and spread misinformation. If you plan on sharing claims like this, verify them instead using trusted websites and tools.
- Claim: Misleading video on Israel is ready to go nuclear on Iran
- Claimed On: Social Media
- Fact Check: False and Misleading
18th November 2022 CyberPeace Foundation in association with Universal Acceptance has successfully conducted the workshop on Universal Acceptance and Multilingual Internet for the students and faculties of Royal Global University under CyberPeace Center of Excellence (CCoE). CyberPeace Foundation has always been engaged towards the aim of spreading awareness regarding the various developments, avenues, opportunities and threats regarding cyberspace. The same has been the keen principle of the CyberPeace Centre of Excellence setup in collaboration with various esteemed educational institutes. We at CyberPeace Foundation would like to take the collaborations and our efforts to a new height of knowledge and awareness by proposing a workshop on UNIVERSAL ACCEPTANCE AND MULTILINGUAL INTERNET. This workshop was instrumental in providing the academia and research community a wholesome outlook towards the multilingual spectrum of internet including Internationalized domain names and email address Internationalization.
Date –18th November 2022
Time – 10:00 AM to 12:00 PM
Duration – 2 hours
Mode - Online
Audience – Academia and Research Community
Participants Joined- 130
Crowd Classification - Engineering students (1st and 4th year, all streams) and Faculties members
Organizer : Mr. Harish Chowdhary : UA Ambassador Moderator: Ms. Pooja Tomar, Project coordinator cum trainer
GuestSpeakers:Mr. Abdalmonem Galila, Abdalmonem: Vice Chair , Universal Acceptance Steering Group (UASG) ,Mr. Mahesh D Kulkarni: Director, Evaris Systems and Former Senior Director, CDAC, Government of India, Mr. Akshat Joshi, Founder Think Trans First session was delivered by Mr. Abdalmonem Galila, Abdalmonem: Vice Chair , Universal Acceptance Steering Group (UASG) “Universal Acceptance( UA) and why UA matters?”
- What is universal acceptance?
- UA is cornerstone to a digitally inclusive internet by ensuring all domain names and email addresses in all languages, script and character length.
- Achieving UA ensures that every person has the ability to navigate the internet.
- Different UA issues were also discussed and explained.
- Tagated systems by the UA and implication were discussed in detail.
Second Session was delivered by Mr. Akshat Joshi, Founder Think Trans on “Universal Acceptance to the IDNsand the economic Landscape”
- What is Universal Acceptance?
- The internet has had standards that allow people to use domain names and email addresses in their native scripts. Software developers need to bring their applications up-to-date so that consumers can use their chosen identity.
- A typical problem is that an IDN email address is not recognised by a website form as a valid email address.
- The importance of adopting IDNs z Enable citizens to use their own identity online (correct spelling, native language) z Relates to language, culture and content z Promotes local and regional content z Allows businesses and politicians to better target their messages.
Third session was delivered by Mr. Mahesh D Kulkarni, ES Director Evaris on the topic of “IDNs in Indian languages perspective- challenges and solutions”.
- The multilingual diversity of India was focused on and its impact.
- Most students were not aware of what Unicode, IDNS is and their usage.
- Students were briefed by giving real time examples on IDN, Domain name implementation using local language.
- In depth knowledge of and practical exposure of Universal Acceptance and Multilingual Internet has been served to the students.
- Tools and Resources for Domain Name and Domain Languages were explained.
- Languages nuances of Multilingual diversity of India explained with real time facts and figures.
- Given the idea of IDN Email,Homograph attack,Homographic variant with proper real time examples.
- Explained about the security threats and IDNA protocols.
- Given the explanation on ABNF.
- Explained the stages of Universal Acceptance.
