#FactCheck - AI-Cloned Audio in Viral Anup Soni Video Promoting Betting Channel Revealed as Fake

Introduction

The US national cybersecurity strategy was released at the beginning of March this year. The aim of the cybersecurity strategy is to build a more defensive and resilient digital mechanism through general investments in the cybersecurity infrastructure. It is important to invest in a resilient future, And the increasing digital diplomacy and private-sector partnerships, regulation of crucial industries, and holding software companies accountable if their products enable hackers in.

What is the cybersecurity strategy  

The US National cybersecurity strategy is the plan which organisations pursue to fight against cyberattacks and cyber threats, and also they plan a risk assessment plan for the future in a resilient way. Through the cybersecurity strategy, there will be appropriate defences against cyber threats.

US National Cybersecurity Strategy-

the national cybersecurity strategy mainly depends on five pillars-

1. Critical infrastructure- The national cybersecurity strategy intends to defend important infrastructure from cyberattacks, for example, hospitals and clean energy installations. This pillar mainly focuses on the security and resilience of critical systems and services that are critical.
2. Disrupt & Threat Assessment- This strategy pillar seeks to address and eliminate cyber attackers who endanger national security and public safety.
3. Shape the market forces in resilient and security has driven-
4. Invest in resilient future approaches.
5. Forging international partnerships to pursue shared goals.

Need for a National cybersecurity strategy in India –

India is becoming more reliant on technology for day-to-day purposes, communication and banking aspects. And as per the computer emergency response team (CERT-In), in 2022, ransomware attacks increased by 50% in India. Cybercrimes against individuals are also rapidly on the rise. To build a safe cyberspace, India also required a national cybersecurity strategy in the country to develop trust and confidence in IT systems.

Learnings for India-

India has a cybersecurity strategy just now but India can also implement its cybersecurity strategy as the US just released. For the threats assessments and for more resilient future outcomes, there is a need to eliminate cybercrimes and cyber threats in India.

Shortcomings of the US National Cybersecurity Strategy-

• The implementation of the United States National Cybersecurity Strategy has Some problems and things that could be improved in it. Here are some as follows:

• Significant difficulties: The cybersecurity strategy proved to be difficult for government entities. The provided guidelines do not fulfil the complexity and growing cyber threats.
• Insufficient to resolve desirable points: the implementation is not able to resolve some, of the aspects of national cybersecurity strategies, for example, the defined goals and resource allocation, which have been determined to be addressed by the national cybersecurity strategy and implementation plan.
• Lack of Specifying the Objectives: the guidelines shall track the cybersecurity progress, and the implementation shall define the specific objectives.
• Implementation Alone is insufficient: cyber-attacks and cybercrimes are increasing daily, and to meet this danger, the US cybersecurity strategy shall not depend on the implementation. However, the legislation will help to involve public-private collaboration, and technological advancement is required.
• The strategy calls for critical infrastructure owners and software companies to meet minimum security standards and be held liable for flaws in their products, but the implementation and enforcement of these standards and liability measures must be clearly defined.

Conclusion

There is a legitimate need for a national cybersecurity strategy to fight against the future consequences of the cyber pandemic. To plan proper strategies and defences. It is crucial to avail techniques under the cybersecurity strategy. And India is increasingly depending on technology, and cybercrimes are also increasing among individuals. Healthcare sectors and as well on educational sectors, so to resolve these complexities, there is a need for proper implementations.

Introduction

Election misinformation poses a major threat to democratic processes all over the world. The rampant spread of misleading information intentionally (disinformation) and unintentionally (misinformation) during the election cycle can not only create grounds for voter confusion with ramifications on election results but also incite harassment, bullying, and even physical violence. The attack on the United States Capitol Building in Washington D.C., in 2021, is a classic example of this phenomenon, where the spread of dis/misinformation snowballed into riots. 

Election Dis/Misinformation 

Election dis/misinformation is false or misleading information that affects/influences public understanding of voting, candidates, and election integrity. The internet, particularly social media, is the foremost source of false information during elections. It hosts fabricated news articles, posts or messages containing incorrectly-captioned pictures and videos, fabricated websites, synthetic media and memes, and distorted truths or lies. In a recent example during the 2024 US elections, fake videos using the Federal Bureau of Investigation’s (FBI) insignia alleging voter fraud in collusion with a political party and claiming the threat of terrorist attacks were circulated. According to polling data collected by Brookings, false claims influenced how voters saw candidates and shaped opinions on major issues like the economy, immigration, and crime. It also impacted how they viewed the news media’s coverage of the candidates’ campaign. The shaping of public perceptions can thus, directly influence election outcomes. It can increase polarisation, affect the quality of democratic discourse, and cause disenfranchisement. From a broader perspective, pervasive and persistent misinformation during the electoral process also has the potential to erode public trust in democratic government institutions and destabilise social order in the long run.  

Challenges In Combating Dis/Misinformation

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1. Platform Limitations:  Current content moderation practices by social media companies struggle to identify and flag misinformation effectively. To address this, further adjustments are needed, including platform design improvements, algorithm changes, enhanced content moderation, and stronger regulations.

2. Speed and Spread: Due to increasingly powerful algorithms, the speed and scale at which misinformation can spread is unprecedented. In contrast, content moderation and fact-checking are reactive and are more time-consuming. Further, incendiary material, which is often the subject of fake news, tends to command higher emotional engagement and thus, spreads faster (virality). 

3. Geopolitical influences: Foreign actors seeking to benefit from the erosion of public trust in the USA present a challenge to the country's governance, administration and security machinery. In 2018, the federal jury indicted 11 Russian military officials for alleged computer hacking to gain access to files during the 2016 elections.  Similarly, Russian involvement in the 2024 federal elections has been alleged by high-ranking officials such as White House national security spokesman John Kirby, and Attorney General Merrick Garland. 

4. Lack of Targeted Plan to Combat Election Dis/Misinformation:  In the USA,  dis/misinformation is indirectly addressed through laws on commercial advertising, fraud, defamation, etc. At the state level, some laws such as Bills AB 730, AB 2655, AB 2839, and AB 2355 in California target election dis/misinformation. The federal and state governments criminalize false claims about election procedures, but the Constitution mandates  “breathing space” for protection from false statements within election speech. This makes it difficult for the government to regulate election-related falsities.

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CyberPeace Recommendations

1. Strengthening Election Cybersecurity Infrastructure: To build public trust in the electoral process and its institutions, security measures such as updated data protection protocols, publicized audits of election results, encryption of voter data, etc. can be taken. In 2022, the federal legislative body of the USA  passed the Electoral Count Reform and Presidential Transition Improvement Act (ECRA), pushing reforms allowing only a state’s governor or designated executive official to submit official election results, preventing state legislatures from altering elector appointment rules after Election Day and making it more difficult for federal legislators to overturn election results. More investments can be made in training, scenario planning, and fact-checking for more robust mitigation of election-related malpractices online. 
2. Regulating Transparency on Social Media Platforms: Measures such as transparent labeling of election-related content and clear disclosure of political advertising to increase accountability can make it easier for voters to identify potential misinformation. This type of transparency is a necessary first step in the regulation of content on social media and is useful in providing disclosures, public reporting, and access to data for researchers. Regulatory support is also required in cases where popular platforms actively promote election misinformation.
3. Increasing focus on ‘Prebunking’ and Debunking Information: Rather than addressing misinformation after it spreads, ‘prebunking’ should serve as the primary defence to strengthen public resilience ahead of time. On the other hand, misinformation needs to be debunked repeatedly through trusted channels. Psychological inoculation techniques against dis/misinformation can be scaled to reach millions on social media through short videos or messages.
4. Focused Interventions On Contentious Themes By Social Media Platforms: As platforms prioritize user growth, the burden of verifying the accuracy of posts largely rests with users. To shoulder the responsibility of tackling false information, social media platforms can outline critical themes with large-scale impact such as anti-vax content, and either censor, ban, or tweak the recommendations algorithm to reduce exposure and weaken online echo chambers. 
5. Addressing Dis/Information through a Socio-Psychological Lens: Dis/misinformation and its impact on domains like health, education, economy, politics, etc. need to be understood through a psychological and sociological lens, apart from the technological one. A holistic understanding of the propagation of false information should inform digital literacy training in schools and public awareness campaigns to empower citizens to evaluate online information critically. 

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Conclusion

According to the World Economic Forum’s Global Risks Report 2024, the link between misleading or false information and societal unrest will be a focal point during elections in several major economies over the next two years. Democracies must employ a mixed approach of immediate tactical solutions, such as large-scale fact-checking and content labelling, and long-term evidence-backed countermeasures, such as digital literacy, to curb the spread and impact of dis/misinformation.

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Sources

•  https://www.cbsnews.com/news/2024-election-misinformation-fbi-fake-videos/ 
•  https://www.brookings.edu/articles/how-disinformation-defined-the-2024-election-narrative/ 
•  https://www.fbi.gov/wanted/cyber/russian-interference-in-2016-u-s-elections
• https://indianexpress.com/article/world/misinformation-spreads-fear-distrust-ahead-us-election-9652111/ 
•  https://academic.oup.com/ajcl/article/70/Supplement_1/i278/6597032#377629256 
• https://www.brennancenter.org/our-work/policy-solutions/how-states-can-prevent-election-subversion-2024-and-beyond 
•  https://www.bbc.com/news/articles/cx2dpj485nno 
• https://msutoday.msu.edu/news/2022/how-misinformation-and-disinformation-influence-elections 
• https://misinforeview.hks.harvard.edu/article/a-survey-of-expert-views-on-misinformation-definitions-determinants-solutions-and-future-of-the-field/ 
• https://reutersinstitute.politics.ox.ac.uk/sites/default/files/2023-06/Digital_News_Report_2023.pdf 
• https://www.weforum.org/stories/2024/03/disinformation-trust-ecosystem-experts-curb-it/ 
• https://www.apa.org/topics/journalism-facts/misinformation-recommendations 
• https://mythvsreality.eci.gov.in/ 
• https://www.brookings.edu/articles/transparency-is-essential-for-effective-social-media-regulation/ 
• https://www.brookings.edu/articles/how-should-social-media-platforms-combat-misinformation-and-hate-speech/ 

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Introduction

In the multifaceted world of international trade and finance, cross-border transactions constitute the heart of economic relationships that span the globe. The threads that intertwine forming the fabric of global commerce are ceaselessly dynamic and exhibit an intricate pattern of complexity especially when it comes to the regulated movement of capital. It's a domain where economies connect, where businesses engage in sublime commerce, and where technology and regulation intersect at critical juncture. These guidelines will play a critical role in the regulation of capital, fortification of financial integrity, and transparency of regulatory and cross-border payments. The key highlights of this regulation include strict pre-authorization for non-bank entities, mandating specific accounts for import and export PA-CBs and a transaction ceiling of 25,00,000 Rupees.

The Vigilance of RBI 

The Reserve Bank of India (RBI), ever vigilant in its shepherding role over the nation's financial stability and integrity, has taken decisive strides to dispel the haze that once clouded this critical sector. With the issuance of a revelatory circular dated October 31, 2023, the RBI has unveiled a groundbreaking framework that redefines the terrain for these pivotal financial entities, aptly christened as Payment Aggregators – Cross Border (PA-CB). In deploying this comprehensive array of regulations, the RBI demonstrates a robust commitment to harmonizing and synchronizing the oversight of payments within the country's financial fabric, extending its meticulous regulatory weave from domestic Payment Aggregators (PAs) to the PA-CBs, a sector previously undistinguished in formal oversight.

The prescriptive measures announced by the RBI are nothing short of a regulatory beacon that cuts through the fog of uncertainty, illuminating a clear path forward for entities dedicated to facilitating cross-border payment transactions pertaining to the import and export of permissible goods and services in India through online modes. Inclusiveness is a hallmark of the RBI’s directive, encompassing a diverse cadre of financial actors, ranging from Authorized Dealer (AD) banks and conventional Payment Aggregators (PAs), to the emergent breed of PA-CBs actively engaged in processing these critical international payment transactions.

Key Aspects of Regulation

One of the most striking aspects of this new regulatory regime is the RBI's insistence on pre-authorization. All non-bank entities providing PA-CB services are impelled to apply to the apex bank for authorisation by April 30, 2024. This is far from a perfunctory gesture; it represents a profound departure from the bygone era when these entities functioned under a patchwork of provisional guidelines and ad-hoc circulars. Indeed, with this resolute move, the RBI signals its intention to embrace these entities within its direct regulatory gambit, an acknowledgement of the shifting tides and progressive intricacies characteristic of cross-border payments.

The tapestry of new rules is complex, setting forth an array of prerequisites for entities aspiring for authorization. For instance, non-bank PA-CBs are obliged to register with the Financial Intelligence Unit-India (FIU-IND) as a preliminary step before commencing the application process. Moreover, the financial benchmarks set are notably rigorous. Non-banks must boast a minimum net worth of ₹15 crores at the time of the application—a figure that escalates to a robust ₹25 crores by the fiscal deadline of March 31, 2026.

Way Forward

As if these requirements weren't indicative enough of the RBI’s penchant for detail and precision, the guidelines become yet more granular when addressing specific types of PA-CBs. Import-only PA-CBs are mandatorily obliged to maintain an Import Collection Account (ICA) with an AD Category-I scheduled commercial bank, while export-only PA-CBs are instructed to maintain an Export Collection Account (ECA), which can be maintained in Indian Rupees (INR) or any permissible foreign currency. The nuance here is palpable; payments for import transactions must be received in a meticulously managed escrow account of the PA, prior to being funneled into the ICA for smooth settlement with overseas merchants.

Conversely, export-only PA-CBs' proceeds from international sales must be swiftly credited to the relevant currency ECA. This meticulous accounting ensures that the flow of funds is both transparent and traceable, adhering to the utmost standards of financial probity.

Yet, perhaps the most emphatic of the RBI's pronouncements is the establishment of a transaction ceiling. PA-CBs have their per-transaction limit capped at ₹25,00,000 for each unit of goods or services exchanged. This calculated move is transparent in its objective to mitigate risk—a crucial aspect when one considers the potential implications of these transactions on the country’s fiscal health and the integrity of its financial systems.

It is no exaggeration to declare that with these guidelines, the RBI is effectuating a seismic shift in the regulation of cross-border payment transactions. There's a fundamental transformation taking place—a metamorphosis—from a loosely defined existence of PA-CBs to one of distinct clarity, under the direct and unswerving supervisory gaze of the regulator. The compliance burden, indeed, has become heavier, yet the return is a compass that points decisively towards secure harbours.

As we embark upon the fresh horizons that these rules bring into view, it is imperative to acknowledge that the RBI's regulatory innovations represent far more than a mere codification of dos and don'ts. They embody a visionary stride towards safeguarding and fortifying the architecture of international payments, a critical component of India's burgeoning presence on the world economic stage.

Conclusion 

The journey ahead, as we navigate these newly charted waters with the RBI's guidelines as our steadfast North Star, will no doubt be replete with challenges, adaptations and learning curves for the array of operational entities. But it is with confidence we can say, the path is set; the map is clear. The complex labyrinth of cross-border financial transactions is now demystified, and the RBI's clarion call beckons us towards a future marked by regulation, security, and above all else, reliability in the cosmopolitan tapestry of global trade. RBI’s guidelines provide a comprehensive framework for standardizing cross-border financial transactions in India. This decision is a monumental step towards maintaining cyber peace in cyberspace. 

References:

• https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12561&Mode=0
• https://www2.deloitte.com/in/en/pages/tax/articles/tax-alert-Regulation-of-payment-aggregator-cross-border-pa-cb.html
• https://www.jsalaw.com/newsletters-and-updates/rbis-new-guidelines-to-govern-payment-aggregators-in-cross-border-transactions/ 

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