#Fact Check: Viral Footage from Bangladesh Incorrectly Portrayed as Immigrant March for Violence in Assam.

Introduction

You must have heard of several techniques of cybercrime up to this point. Many of which we could never have anticipated. Some of these reports are coming from different parts of the country. Where video calls are being utilised to cheat. Through video calls, cybercriminals are making individuals victims of fraud. During this incident, fraudsters film pornographic recordings of both the victims using a screen recorder, then blackmail them by emailing these videos and demanding money. However, cybercriminals are improving their strategies to defraud more people. In this blog post, we will explore the tactics involved in this case, the psychological impact, and ways to combat it. Before we know more about the case, let’s have a look at deep fake, AI, and Sextortion and how fraudsters use technology to commit crimes.

Understanding Deepfake

Deepfake technology is the manipulation or fabrication of multimedia information such as videos, photos, or audio recordings using artificial intelligence (AI) algorithms, and profound learning models. These algorithms process massive quantities of data to learn and imitate human-like behaviour, allowing for very realistic synthetic media development.

Individuals with malicious intent may change facial expressions, bodily movements, and even voices in recordings using deepfake technology, basically replacing a person’s appearance with someone else’s. The produced film can be practically indistinguishable from authentic footage, making it difficult for viewers to distinguish between the two.

Sextortion and technology

Sextortion is a sort of internet blackmail in which offenders use graphic or compromising content to compel others into offering money, sexual favours, or other concessions. This information is usually gained by hacking, social engineering, or tricking people into providing sensitive information.

Deepfake technology combined with sextortion techniques has increased the impact on victims. Deepfakes may now be used by perpetrators to make and distribute pornographic or compromising movies or photographs that seem genuine but are completely fake. As the prospect of discovery grows increasingly credible and tougher to rebut, the stakes for victims rise.

Cyber crooks Deceive

In this present case, cyber thugs first make video calls to people and capture the footage. They then twist the footage and merge it with a distorted naked video. As a result, the victim is obliged to conceal the case. Following that, “they demand money as a ransom to stop releasing the doctored video on the victim’s contacts and social media platforms.” In this case, a video has emerged in which a lady who was supposedly featured in the first film is depicted committing herself because of the shame caused by the video’s release. These extra threats are merely intended to inflict psychological pressure and coercion on the victims.

Sextortionists have reached a new low by profiting from the misfortunes of others, notably targeting deceased victims. The offenders want to maximise emotional pain and persuade the victim into acquiescence by generating deep fake films depicting these persons. They use the inherent compassion and emotion connected with tragedy to exact bigger ransoms from their victims.

This distressing exploitation not only adds urgency to the extortion demands but also preys on the victim’s sensitivity and emotional instability. They even pressurize the victim by impersonating them, and if the demands are fulfilled, the victims may land up in jail.

Tactics used

The morphed death videos are precisely constructed to heighten emotional discomfort and instil terror in the targeted individual. By editing photographs or videos of the deceased, the offenders create unsettling circumstances that heighten the victim’s emotional response.

The psychological manipulation seeks to instil guilt, regret, and a sense of responsibility in the victim. The notion that they are somehow linked to the catastrophe increases their emotional weakness, making them more vulnerable to the demands of sextortionists. The offenders take use of these emotions, coercing victims into cooperation out of fear of being involved in the apparent tragedy.

The impact on the victim’s mental well-being cannot be overstated. They may experience intense psychological trauma, including anxiety, depression, and post-traumatic stress disorder (PTSD). The guilt and shame associated with the false belief of being linked to someone’s death can have long-lasting effects on their emotional health and overall quality of life, others may have trust issues.

Law enforcement agencies advised

Law enforcement organisations were concerned about the growing annoyance of these illegal acts. The use of deep fake methods or other AI technologies to make convincing morphing films demonstrates scammers’ improved ability. These tools are fully capable of modifying digital information in ways that are radically different from the genuine film, making it difficult for victims to detect the fake nature of the video.

Defence strategies to fight back: To combat sextortion, a proactive approach that empowers individuals and utilizes resources is required. This section delves into crucial anti-sextortion techniques such as reporting events, preserving evidence, raising awareness, and implementing digital security measures.

• Report the Incident: Sextortion victims should immediately notify law enforcement. Contact your local police or cybercrime department and supply them with any important information, including specifics of the extortion attempt, communication logs, and any other evidence that can assist in the investigation. Reporting the occurrence is critical for keeping criminals responsible and averting additional harm to others.
• Preserve Evidence: Preserving evidence is critical in creating a solid case against sextortionists. Save and document any types of contact connected to the extortion, including text messages, emails, and social media conversations. Take screenshots, record phone calls (if legal), and save any other digital material or papers that might be used as evidence. This evidence can be useful in investigations and judicial processes.

Digital security: Implementing comprehensive digital security measures can considerably lower the vulnerability to sextortion assaults. Some important measures that one can use:

• Use unique, complicated passwords for all online accounts, and avoid reusing passwords across platforms. Consider utilising password managers to securely store and create strong passwords.
• Enable two-factor authentication (2FA) whenever possible, which adds an extra layer of protection by requiring a second verification step, such as a code delivered to your phone or email, in addition to the password.
• Regular software updates: Keep your operating system, antivirus software, and programmes up to date. Security patches are frequently included in software upgrades to defend against known vulnerabilities.
• Adjust your privacy settings on social networking platforms and other online accounts to limit the availability of personal information and restrict access to your content.
• Be cautious when clicking on links or downloading files from unfamiliar or suspect sources. When exchanging personal information online, only use trusted websites.

Conclusion:

Combating sextortion demands a collaborative effort that combines proactive tactics and resources to confront this damaging practice. Individuals may actively fight back against sextortion by reporting incidences, preserving evidence, raising awareness, and implementing digital security measures. It is critical to empower victims, encourage their rehabilitation, and collaborate to build a safer online environment where sextortionists are held accountable and everyone can navigate the digital environment with confidence.

Introduction

Whatsapp is one of the leading OTT messaging platforms, which has been owned by the tech giant Meta since 2013. WhatsApp enjoys a user base of nearly 2.24 billion people globally, with almost 487 million users in India. Since the advent of Whatsapp, it has been the most commonly used messaging app, and it has made an impact to such an extent that it is used for professional as well as personal purposes. Meta powers the platform and follows similar guidelines and policies as its parent company.

The New Feature

Users of WhatsApp on the web and desktop can now access one account from various devices. One WhatsApp account may now be used on up to four handsets thanks to a new update from Meta. Be aware that the multi-device capability has been planned for some time and is finally being made available to stable WhatsApp users. Each linked device (up to four devices can be linked) will function independently, and the independent devices will continue to receive messages even if the central device’s network connection is lost. Remember that WhatsApp will automatically log out of all the companion devices if the primary smartphone is dormant for an extended period. Four more gadgets may be a mix of four PCs and smartphones or four smartphones. This feature is now available for updates and downloads on Android as well as iOS platforms.

Potential issues

As we go deeper into the digital age, it is the responsibility of the tech giants to pilot innovation with features of security by design. Thus such new features should be accompanied by coherent safety and security policies or advisories to ensure the users understand the implications of the new features. Convenience over conditions is an essential part of cyberspace. It points to the civic duty of netizens to go through the conditions of any app rather than only focus on the convenience it creates. The following potential issues may arise from the new features on Whatsapp –

• Increased cybercrime- The bad actors now do not need to access SIM cards to commit frauds over the platforms as now on a single number 4 devices can be used hence the cybercriminal activity can increase over the platform. It is also pertinent for the platform to create SoPs for fake accounts which use multiple devices, as they pose a direct threat to the users and their interests.
• Difficulty in identifying and tracing- The LEAs will face a significant issue in identifying the bad actors and tracing them as the individual’s involvement through a linked device needs to be given legal validity and scope for investigation. This may also cause issues in evidence handling and analysis.
• Surge in Misinformation and Disinformation- With access to multiple devices, the screen time of an individual is also bound to increase. This leads to more time spent online, thus causing a rise in instances of misinformation and disinformation by bad actors. Thus the aspect of fack checking is of prime importance.
• Potential Oversharing of Personal Data- With the increased accessibility on different devices, it is very easy for the app to seek data from all devices on which the app is running, thus leading to a bigger reservoir of personal data for the platforms and data fiduciaries.
• Higher risk of Phishing, Ransomware and Malware Attacks- As the devices under the same login credentials and mobile number will increase, the message can be viewed on all the devices, thus increasing the risk of widespread embedded ransomware and malware in multiple devices is and ever-present threat.
• One number, more criminals- This feature will allow cybercriminals to operate using one device only, earlier they used to forge Adhaar cards to get new sims, but this feature will enable the bad actors to commit crimes and attacks from one single SIM using 4 different devices.
• Rise in Digital Footprint- As the number of devices increases, the users will generate more digital footprints. As a tech giant, Meta will have access to a bigger database, which increases the risk of data breaches by third-party actors.

Conclusion

In the fast-paced digital world, it is important to remain updated about new software, technologies and policies for our applications or forms of tech. This was a long-awaited feature from WhatsApp, and its value of it doesn’t lie in technological advancement only but also in the formulation of policies to govern this technology towards the trust and safety aspect of users. The platforms, in synergy with the policy makers, need to create a robust framework to accommodate the new features and add-ons on apps vehicle, staying in compliance with the laws of the land. Awareness about new features and vulnerabilities is a must for all netizens, and it is a shared responsibility for all netizens to spread the word about safety and security mechanisms.

Introduction

In a groundbreaking move, India's Reserve Bank has embarked on a transformative journey with its Central Bank Digital Currency (CBDC) project. As the world grapples with the evolving landscape of digital finance, the implications of India's CBDC initiative extend beyond its borders, potentially reshaping global payment systems. The Union Minister of State for Finance, Shri Pankaj Chaudhary, revealed that on October 7, 2022, the Reserve Bank of India released a proposal note on Central Bank Digital Currency (CBDC). Two pilot projects using blockchain-based technology are described in the concept note: Digital Rupee-Wholesale (e₹-W) and Digital Rupee-Retail (e₹-R). Launched on November 1, 2022, the bulk trading pilot aims to increase intermediary competitiveness, particularly in the resolution of trades in the secondary market involving sovereign debt. In parallel, on December 1, 2022, the retail banking pilot, known as e₹-R, got underway in a limited user group with eight banks taking part in stages.

The digital asset known as e₳-R is issued across financial institutions for Person-to-Person (P2P) and Person-to-Merchant (P2M) transactions. It is intended to serve as a virtual currency that represents legal money and exhibits characteristics similar to actual cash. Based on input gathered during the continuing trial phases, the RBI intends to progressively broaden the pilot project's scope.

Central Bank Digital Currency Pilot Projects

Central Bank Digital Currency (CBDC), which the Central Bank of India is promoting, may easily perform an essential part in payments made across borders, according to Reserve Bank Governor Shaktikanta Das. The CBDC is going to be expanded to the international financial markets after being implemented as a trial in both the retail and wholesale industries.

CBDC in International Payments

He emphasized that although physical currency will still exist, the CBDC will eventually replace all forms of money worldwide.  

"CBDC is going to be the future currency of the world and it is necessary that every central bank, every country works on CBDC," he stated. He also stated that as worldwide commerce moves more and more around science and technology, CBDCs will play a significant role since they can effectively and affordably speed up payment processing across different countries. Regarding India's foreign exchange reserves, the governor stated that the selection to increase the resources as a safety net and protection versus contagion possibilities was made consciously.

CBDCs' Place in the Transnational Economic Revolution

In certain economies worldwide, having a CBDC internationally accessible could lead to more replacements for foreign currencies rather than the home currencies, which could cause financial aggregates to become volatile and change the mix of instruments of exchange.

CBDC may have benefits related to first-mover savings of scale, and other consequences even in everyday circumstances. If nations with global currencies have established CBDCs, they could strengthen current advantages and disadvantages, including consequences, particularly in terms of revenue. In a similar vein, CBDC might alter the structure of international liquidity while safeguarding asset supply. Additionally, and particularly if imposed abruptly, CBDC may, in certain circumstances, result in significant capital movements and associated repercussions on the foreign exchange rate as well as additional asset prices. Furthermore, nations may encounter difficulties in getting ready for virtual currencies issued by central banks.

The worldwide and international scope of CBDCs accessible to immigrants may become particularly apparent in situations where there is a widespread flight safety concern. In these circumstances, converting a CBDC into a foreign currency would make it possible for capital markets to deleverage more quickly. The elimination of debt challenges could show up as tight finance constraints and abrupt swings in foreign exchange markets if CBDCS expedited its flight from uncertainty.

Deposits of Foreign Exchange and Self-Dependency

Reserve Bank Governor Shaktikanta Das stated "We must rely on ourselves. We must maintain our robust reserves. In order to achieve that goal, we have been amassing quite substantial reserves, and the outside world has come to feel quite confident that India would be able to fulfil its contractual responsibilities to the international community no matter what the obstacles," 

Involvement of RBI in the Currency Market

Given that the trading community was confident that the Reserve Bank of India would be capable of and able to fulfil its contractual responsibilities, the value of the Indian rupee did not decline as dramatically. The RBI governor stated that the RBI does participate in the economy, but that "our engagement operates in two ways," he would not hesitate to acknowledge this.

The Value of Macroeconomic and Budgetary Cooperation

According to RBI Governor Das, the RBI makes purchases and sales of dollars based on the direction in which the financial sector is trending. However, the RBI does not intend to set a certain level for the rupee because it does not consider any specific threshold for the Indian rupee's conversion rate against the US dollar. He also emphasized how crucial it is for both the financial and monetary authorities to work together.

Conclusion

India's CBDC project signals a transformative shift in the global digital finance landscape. Governor Shaktikanta Das envisions CBDCs as the future global currency, emphasizing their role in international payments. The potential impact on financial systems, cross-border transactions, and the need for self-reliance underscore the significance of India's CBDC initiative in shaping the evolving dynamics of the digital economy. As the project progresses, close cooperation between financial and monetary authorities becomes imperative for navigating the challenges and opportunities associated with this groundbreaking venture.

References

• https://economictimes.indiatimes.com/news/economy/policy/central-bank-digital-currency-can-play-important-role-in-cross-border-payment-rbi-guv/articleshow/104706717.cms
• https://www.bis.org/cpmi/publ/d174.pdf
• https://bfsi.economictimes.indiatimes.com/news/fintech/explained-how-rbi-is-leveraging-upi-to-push-the-use-of-retail-cbdc/103591989
• https://www.imf.org/en/News/Articles/2022/02/09/sp020922-the-future-of-money-gearing-up-for-central-bank-digital-currency
• https://www.business-standard.com/economy/news/cbdc-pilot-projects-show-promising-results-rbi-governor-shaktikanta-das-123102601171_1.html