#FactCheck - "Deepfake Video Falsely Claims of Elon Musk conducting give away for Cryptocurrency”

Introduction

A 33-year-old MBA graduate and 36-year-old software engineer set up the cybercrime hub in one bedroom. They formed the nameless private enterprise two years ago and hired the two youngsters as employees. The police revealed that the fraudsters moved Rs 854 crore rapidly through 84 bank accounts in the last two years. They were using eight mobile phones active during the day and night for their malicious operations. This bad actors group came in the eyes of the police when a 26-year-old woman filed a complaint, she was lured and cheated for Rs 8.5 lakh on the pretext of making small investments for high returns. It led to cyber crime police on their doorstep. The police discovered that they were operating a massive cyber fraud network from that single room, targeting a large number of people for committing cyber fraud through offering investment schemes and luring innocent people. 

How cybercrime fraudsters lured the victims?

The Bangalore police have busted a cyber fraud scam worth 854 Crore rupees. And police have arrested 6 accused. These bad actors illegally deceived numerous victims on the pretext of investment schemes. The gang used to lure them through WhatsApp and Telegram. Initially, the people were asked to invest small amounts, promising daily profits ranging from 1 thousand to 5 thousand rupees. As the trust grew, thousands of victims indulged in investments ranging from 1 lack to 10 lack rupees. This Money luring modus operandi was used by the fraudsters to attract them and get the victims to invest more and more. The amount invested by the victims was deposited into various bank accounts by the fraudsters. When the victims tried to withdraw their amount after depositing they were unable to do so. Soon after the amount was received, the accused gang would launder the money and divert it to other accounts. 

Be cautious of online investment fraud 

It concerns all of us who used to invest online. The Bangalore police have busted cyber crime or cyber investment fraud of 854 crore rupees. The 6 members of the gang that the police have arrested used to approach victims through WhatsApp and telegram to convince them to invest small amounts, from 1 thousand to 10 thousand at the bare minimum and promising them returns or profit amount per day and later lock this amount and diverting it into different bank accounts, ensuring that those get invested never get access to it again.  Now, this went on in the country receiving a large number of cases that have been registered from various states in the country. 

Advisory and best practices

• It is important to mention that there could be several other cybercrime investment frauds like this that you may not even be aware of. Hence, this incident of massive online investment fraud operated from the IT capital of the country definitely acts as an eye-opener for all of us. We urge people to be cautious and raise the alarm about any such cyber crime or investment fraud that they see in the cyber world today. 
• In the age of the internet, where there is a large number of mobile users in the country, and users look for a source of income on the internet and use it to invest their money, it is important to be aware of such fraud and be cautious and take proper precautions before investing in any such online scheme. It is always advisable to invest only in legitimate sources and after conducting due diligence.
• Be cautious and do your research: Whenever you are investing in any scheme or in digital currency, make sure to verify the authenticity or legitimacy of the person or company who is offering such service. Check the reviews, official website, and feedback from authentic sources. Find out whether the agents or brokers who contact you are licensed to operate in your state and are compliant with regulators or other investors. 
• Verify the credentials: Check the genuineness by checking the licenses, registration and certification of the person or company offering such services, whether he is authorised or not.
• Be Skeptical of offers which seem to be too good: If it sounds too good, be cautious and inquire about its authenticity, such as unsolicited offers. Be especially careful if you receive an unsolicited pitch to invest in a particular company or see it praised online but if you could not find current financial information about it from independent sources. It could be a fraudulent scheme. It is advisable to compare promised yields with current returns on well-known stock indexes.
• Seek Expert Advice: If you are a beginner in online investment, you may seek advice from reliable resources such as financial advisors who can provide more clarity on aspects of investment and guidance to help you make informed decisions.
• Avoid Unreliable Platforms: Be cautious and stick to authorised established agencies. Be cautious when dealing with a person or company lacking sufficient user reviews and credible security measures.
• Protect yourself online: Protect yourself online. Fraudsters target users on online and social marketing sites and commit various online frauds; hence, it's important to be cautious and protect yourself online. So be cautious and make your own sound decision after all analysis while investing in any such services. 
• Report Suspicious Accounts: If you encounter any social media accounts, social media groups or profiles which seem suspicious and engaged in fraudulent services, you must report such profiles to the respective platform immediately.
• Report cyber crimes to law enforcement agencies: A powerful resource available to victims of cybercrime is the National Cyber Crime Reporting Portal, equipped with a 24x7 helpline number, 1930. This portal serves as a centralised platform for reporting cybercrimes, including financial fraud.

Conclusion:

This recent cyber investment fraud worth Rs 854 Crore, orchestrated by a group of fraudsters operating from a single room, serves as a stark reminder of the risks posed by bad actors. This incident underscores the importance of being vigilant when it comes to online investments and financial transactions. As we navigate the vast and interconnected landscape of the internet, it is imperative that we exercise due diligence and employ best practices to protect ourselves. We need to be cautious and protected from falling victim to these fraudulent schemes, actively reporting suspicious accounts and cybercrimes to relevant authorities through resources like the National Cyber Crime Reporting Portal will contribute to helping stop these types of cyber crimes. Knowledge and awareness are some of the biggest factors we have in fighting back against such cyber frauds in this digital age and making a safer digital environment for everyone.

References

• https://www.news18.com/india/bengaluru-cyber-crime-rs-854-crore-84-banks-accounts-fraud-network-one-bedroom-house-yelahanka-karnataka-8618426.html
• https://indianexpress.com/article/cities/bangalore/cyber-crime-bengaluru-links-over-5000-cases-india-8982753/lite/

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Amid the popularity of OpenAI’s ChatGPT and Google’s announcement of introducing its own Artificial Intelligence chatbot called Bard, there has been much discussion over how such tools can impact India at a time when the country is aiming for an AI revolution.

During the Budget Session, Finance Minister Nirmala Sitharaman talked about AI, while her colleague, Minister of State (MoS) for Electronics and Information Technology Rajeev Chandrasekhar discussed it at the India Stack Developer Conference.

While Sitharaman stated that the government will establish three centres of excellence in AI in the country, Chandrashekhar at the event mentioned that India Stack, which includes digital solutions like Aadhaar, Digilocker and others, will become more sophisticated over time with the inclusion of AI.

As AI chatbots become the buzzword, News18 discusses with experts how such tech tools will impact India.

AI IN INDIA

Many experts believe that in a country like India, which is extremely diverse in nature and has a sizeable population, the introduction of technologies and their right adoption can bring a massive digital revolution.

For example, Manoj Gupta, Cofounder of Plotch.ai, a full-stack AI-enabled SaaS product, told News18 that Bard is still experimental and not open to everyone to use while ChatGPT is available and can be used to build applications on top of it.

He said: “Conversational chatbots are interesting since they have the potential to automate customer support and assisted buying in e-commerce. Even simple banking applications can be built that can use ChatGPT AI models to answer queries like bank balance, service requests etc.”

According to him, such tools could be extremely useful for people who are currently excluded from the digital economy due to language barriers.

Ashwini Vaishnaw, Union Minister for Communications, Electronics & IT, has also talked about using such tools to reduce communication issues. At World Economic Forum in Davos, he said: “We integrated our Bhashini language AI tool, which translates from one Indian language to another Indian language in real-time, spoken and text everything. We integrated that with ChatGPT and are seeing very good results.”

‘DOUBLE-EDGED SWORD’

Sundar Balasubramanian, Managing Director, India & SAARC, at Check Point Software, told News18 that generative AI like ChatGPT is a “double-edged sword”.

According to him, used in the right way, it can help developers write and fix code quicker, enable better chat services for companies, or even be a replacement for search engines, revolutionising the way people search for information.

“On the flip side, hackers are also leveraging ChatGPT to accelerate their bad acts and we have already seen examples of such exploitations. ChatGPT has lowered the bar for novice hackers to enter the field as they are able to learn quicker and hack better through asking the AI tool for answers,” he added.

Balasubramanian also stated that CPR has seen the quality of phishing emails improve tremendously over the past 3 months, making it increasingly difficult to discern between legitimate sources and a targeted phishing scam.

“Despite the emergence of the use of generative AI impacting cybercrime, Check Point is continually reminding organisations and individuals of the significance of being vigilant as ChatGPT and Codex become more mature, it can affect the threat landscape, for both good and bad,” he added.

While the real-life applications of ChatGPT include several things ranging from language translation to explaining tricky math problems, Balasubramanian said it can also be used for making the work of cyber researchers and developers more efficient.

“Generative AI or tools like ChatGPT can be used to detect potential threats by analysing large amounts of data and identifying patterns that may indicate malicious activity. This can help enterprises quickly identify and respond to a potential threat before it escalates to something more,” he added.

POSITIVE FACTORS

Major Vineet Kumar, Founder and Global President of CyberPeace Foundation, believes that the deployment of AI chatbots has proven to be highly beneficial in India, where a booming economy and increasing demand for efficient customer service have led to a surge in their use. According to him, both ChatGPT and Bard have the potential to bring significant positive change to various industries and individuals in India.

“ChatGPT has already made an impact by revolutionising customer service, providing instant and accurate support, and reducing wait time. It has automated tedious and complicated tasks for businesses and educational institutions, freeing up valuable time for more significant activities. In the education sector, ChatGPT has also improved learning experiences by providing quick and reliable information to students and educators,” he added.

He also said there are several possible positive impacts that the AI chatbots, ChatGPT and Bard, could have in India and these include improved customer experience, increased productivity, better access to information, improved healthcare, improved access to education and better financial services.

Reference Link : https://www.news18.com/news/explainers/confused-about-chatgpt-bard-experts-tell-news18-how-openai-googles-ai-chatbots-may-impact-india-7026277.html

Introduction

In the intricate maze of our interconnected world, an unseen adversary conducts its operations with a stealth almost poetic in its sinister intent. This adversary — malware — has extended its tendrils into the digital sanctuaries of Mac users, long perceived as immune to such invasive threats. Our narrative today does not deal with the physical and tangible frontlines we are accustomed to; this is a modern tale of espionage, nestled in the zeros and ones of cyberspace.

The Mac platform, cradled within the fortifications of Apple's walled garden ecosystem, has stood as a beacon of resilience amidst the relentless onslaught of cyber threats. However, this sense of imperviousness has been shaken at its core, heralding a paradigm shift. A new threat lies in wait, bridging the gap between perceived security and uncomfortable vulnerability.

The seemingly invincible Mac OS X, long heralded for its robust security features and impervious resilience to virus attacks, faces an undercurrent of siege tactics from hackers driven by a relentless pursuit for control. This narrative is not about the front-and-centre warfare we see so often reported in media headlines. Instead, it veils itself within the actions of users as benign as the download of pirated software from the murky depths of warez websites.  

The Incident 

The casual act, born out of innocence or economic necessity, to sidestep the financial requisites of licensed software, has become the unwitting point of compromised security. Users find themselves on the battlefield, one that overshadows the significance of its physical counterpart with its capacity for surreptitious harm. The Mac's seeming invulnerability is its Achilles' heel, as the wariness against potential threats has been eroded by the myth of its impregnability.

The architecture of this silent assault is not one of brute force but of guile. Cyber marauders finesse their way through the defenses with a diversified arsenal; pirated content is but a smokescreen behind which trojans lie in ambush. The very appeal of free access to premium applications is turned against the user, opening a rift that permits these malevolent forces to ingress.

The trojans that permeate the defenses of the Mac ecosystem are architects of chaos. They surreptitiously enrol devices into armies of sorts – botnets which, unbeknownst to their hosts, become conduits for wider assaults on privacy and security. These machines, now soldiers in an unconsented war, are puppeteered to distribute further malware, carry out phishing tactics, and breach the sanctity of secure data.

The Trojan of Mac 

A recent exposé by the renowned cybersecurity firm Kaspersky has shone a spotlight on this burgeoning threat. The meticulous investigation conducted in April of this year unveiled a nefarious campaign, engineered to exploit the complacency among Mac users. This operation facilitates the sale of proxy access, linking previously unassailable devices to the infrastructure of cybercriminal networks.

This revelation cannot be overstated in its importance. It illustrates with disturbing clarity the evolution and sophistication of modern malware campaigns. The threat landscape is not stagnant but ever-shifting, adapting with both cunning and opportunity.

Kaspersky's diligence in dissecting this threat detected nearly three dozen popular applications, and tools relied upon by individuals and businesses alike for a multitude of tasks. These apps, now weaponised, span a gamut of functionalities - image editing and enhancement, video compression, data recovery, and network scanning among them. Each one, once a benign asset to productivity, is twisted into a lurking danger, imbued with the power to betray its user.   

The duplicity of the trojan is shrouded in mimicry; it disguises its malicious intent under the guise of 'WindowServer,' a legitimate system process intrinsic to the macOS. Its camouflage is reinforced by an innocuously named file, 'GoogleHelperUpdater.plist' — a moniker engineered to evade suspicion and blend seamlessly with benign processes affiliated with familiar applications.

Mode of Operation 

Its mode of operation, insidious in its stealth, utilises the Transmission Control Protocol(TCP) and User Datagram Protocol(UDP) networking protocols. This modus operandi allows it to masquerade as a benign proxy. The full scope of its potential commands, however, eludes our grasp, a testament to the shadowy domain from which these threats emerge.  

The reach of this trojan does not cease at the periphery of Mac's operating system; it harbours ambitions that transcend platforms. Windows and Android ecosystems, too, find themselves under the scrutiny of this burgeoning threat.

This chapter in the ongoing saga of cybersecurity is more than a cautionary tale; it is a clarion call for vigilance. The war being waged within the circuits and code of our devices underscores an inescapable truth: complacency is the ally of the cybercriminal.

Safety measures and best practices

It is imperative to safeguard the Mac system from harmful intruders, which are constantly evolving. Few measures can play a crucial role in protecting your data in your Mac systems.

• Refrain from Unlicensed Software - Refrain from accessing and downloading pirated software. Plenty of software serves as a decoy for malware which remains dormant till downloaded files are executed.  

• Use Trusted Source: Downloading files from legitimate and trusted sources can significantly reduce the threat of any unsolicited files or malware making its way into your Mac system. 

• Regular system updates: Regular updates to systems released by the company ensure the latest patches are installed in the system critical to combat and neutralize emerging threats. 

• General Awareness: keeping abreast of the latest developments in cyberspace plays a crucial role in avoiding new and emerging threats. It is crucial to keep pace with trends and be well-informed about new threats and ways to combat them. 

Conclusion

In conclusion, this silent conflict, though waged in whispers, echoes with repercussions that reverberate through every stratum of digital life. The cyber threats that dance in the shadows cast by our screens are not figments of paranoia, but very real specters hunting for vulnerabilities to exploit. Mac users, once confident in their platforms' defenses, must awaken to the new dawn of cybersecurity awareness.

The battlefield, while devoid of the visceral carnage of physical warfare, is replete with casualties of privacy and breaches of trust. The soldiers in this conflict are disguised as serviceable code, enacting their insidious agendas beneath a façade of normalcy. The victims eschew physical wounds for scars on their digital identities, enduring theft of information, and erosion of security.

As we course through the daunting terrain of digital life, it becomes imperative to heed the lessons of this unseen warfare. Shadows may lie unseen, but it is within their obscurity that the gravest dangers often lurk, a reminder to remain ever vigilant in the face of the invisible adversary.

References:

• https://indianexpress.com/article/technology/tech-news-technology/hackers-are-using-these-pirated-softwares-to-spread-malware-campaigns-on-mac-9054168/