#Factcheck-Viral Image of Men Riding an Elephant Next to a Tiger in Bihar is Misleading

Introduction

On the precipice of a new domain of existence, the metaverse emerges as a digital cosmos, an expanse where the horizon is not sky, but a limitless scope for innovation and imagination. It is a sophisticated fabric woven from the threads of social interaction, leisure, and an accelerated pace of technological progression. This new reality, a virtual landscape stretching beyond the mundane encumbrances of terrestrial life, heralds an evolutionary leap where the laws of physics yield to the boundless potential inherent in our creativity. Yet, the dawn of such a frontier does not escape the spectre of an age-old adversary—financial crime—the shadow that grows in tandem with newfound opportunity, seeping into the metaverse, where crypto-assets are no longer just an alternative but the currency du jour, dazzling beacons for both legitimate pioneers and shades of illicit intent.

The metaverse, by virtue of its design, is a canvas for the digital repaint of society—a three-dimensional realm where the lines between immersive experiences and entertainment blur, intertwining with surreal intimacy within this virtual microcosm. Donning headsets like armor against the banal, individuals become avatars; digital proxies that acquire the ability to move, speak, and perform an array of actions with an ease unattainable in the physical world. Within this alternative reality, users navigate digital topographies, with experiences ranging from shopping in pixelated arcades to collaborating in virtual offices; from witnessing concerts that defy sensory limitations to constructing abodes and palaces from mere codes and clicks—an act of creation no longer beholden to physicality but to the breadth of one's ingenuity.

The Crypto Assets

The lifeblood of this virtual economy pulsates through crypto-assets. These digital tokens represent value or rights held on distributed ledgers—a technology like blockchain, which serves as both a vault and a transparent tapestry, chronicling the pathways of each digital asset. To hop onto the carousel of this economy requires a digital wallet—a storeroom and a gateway for acquisition and trade of these virtual valuables. Cryptocurrencies, with NFTs—Non-fungible Tokens—have accelerated from obscure digital curios to precious artifacts. According to blockchain analytics firm Elliptic, an astonishing figure surpassing US$100 million in NFTs were usurped between July 2021 and July 2022. This rampant heist underlines their captivating allure for virtual certificates. Empowers do not just capture art, music, and gaming, but embody their very soul.

Yet, as the metaverse burgeons, so does the complexity and diversity of financial transgressions. From phishing to sophisticated fraud schemes, criminals craft insidious simulacrums of legitimate havens, aiming to drain the crypto-assets of the unwary. In the preceding year, a daunting figure rose to prominence—the vanishing of US$14 billion worth of crypto-assets, lost to the abyss of deception and duplicity. Hence, social engineering emerges from the shadows, a sort of digital chicanery that preys not upon weaknesses of the system, but upon the psychological vulnerabilities of its users—scammers adorned in the guise of authenticity, extracting trust and assets with Machiavellian precision.

The New Wave of Fincrimes 

Extending their tentacles further, perpetrators of cybercrime exploit code vulnerabilities, engage in wash trading, obscuring the trails of money laundering, meander through sanctions evasion, and even dare to fund activities that send ripples of terror across the physical and virtual divide. The intricacies of smart contracts and the decentralized nature of these worlds, designed to be bastions of innovation, morph into paths paved for misuse and exploitation. The openness of blockchain transactions, the transparency that should act as a deterrent, becomes a paradox, a double-edged sword for the law enforcement agencies tasked with delineating the networks of faceless adversaries.

Addressing financial crime in the metaverse is Herculean labour, requiring an orchestra of efforts—harmonious, synchronised—from individual users to mammoth corporations, from astute policymakers to vigilant law enforcement bodies. Users must furnish themselves with critical awareness, fortifying their minds against the siren calls that beckon impetuous decisions, spurred by the anxiety of falling behind. Enterprises, the architects and custodians of this digital realm, are impelled to collaborate with security specialists, to probe their constructs for weak seams, and to reinforce their bulwarks against the sieges of cyber onslaughts. Policymakers venture onto the tightrope walk, balancing the impetus for innovation against the gravitas of robust safeguards—a conundrum played out on the global stage, as epitomised by the European Union's strides to forge cohesive frameworks to safeguard this new vessel of human endeavour.

The Austrian Example 

Consider the case of Austria, where the tapestry of laws entwining crypto-assets spans a gamut of criminal offences, from data breaches to the complex webs of money laundering and the financing of dark enterprises. Users and corporations alike must become cartographers of local legislation, charting their ventures and vigilances within the volatile seas of the metaverse.

Upon the sands of this virtual frontier, we must not forget: that the metaverse is more than a hive of bits and bandwidth. It crystallises our collective dreams, echoes our unspoken fears, and reflects the range of our ambitions and failings. It stands as a citadel where the ever-evolving quest for progress should never stray from the compass of ethical pursuit. The cross-pollination of best practices, and the solidarity of international collaboration, are not simply tactics—they are imperatives engraved with the moral codes of stewardship, guiding us to preserve the unblemished spirit of the metaverse.

Conclusion

The clarion call of the metaverse invites us to venture into its boundless expanse, to savour its gifts of connection and innovation. Yet, on this odyssey through the pixelated constellations, we harness vigilance as our star chart, mindful of the mirage of morality that can obfuscate and lead astray. In our collective pursuit to curtail financial crime, we deploy our most formidable resource—our unity—conjuring a bastion for human ingenuity and integrity. In this, we ensure that the metaverse remains a beacon of awe, safeguarded against the shadows of transgression, and celebrated as a testament to our shared aspiration to venture beyond the realm of the possible, into the extraordinary.

References 

• https://www.wolftheiss.com/insights/financial-crime-in-the-metaverse-is-real/ 
• https://gnet-research.org/2023/08/16/meta-terror-the-threats-and-challenges-of-the-metaverse/
• https://shuftipro.com/blog/the-rising-concern-of-financial-crimes-in-the-metaverse-aml-screening-as-a-solution/

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Introduction

The 2025 Delhi Legislative Assembly election is just around the corner, scheduled for February 5, 2025, with all 70 constituencies heading to the polls. The eagerly awaited results will be announced on February 8, bringing excitement as the people of Delhi prepare to see their chosen leader take the helm as Chief Minister. As the election season unfolds, social media becomes a buzzing hub of activity, with information spreading rapidly across platforms. However, this period also sees a surge in online mis/disinformation, making elections a hotspot for misleading content. It is crucial for citizens to exercise caution and remain vigilant against false or deceptive online posts, videos, or content. Empowering voters to distinguish facts from fiction and recognize the warning signs of misinformation is essential to ensure informed decision-making. By staying alert and well-informed, we can collectively safeguard the integrity of the democratic process.

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Risks of Mis/Disinformation

According to the 2024 survey report titled ‘Truth Be Told’ by ‘The 23 Watts’, 90% of Delhi’s youth (Gen Z) report witnessing a spike in fake news during elections, and 91% believe it influences voting patterns. Furthermore, the research highlights that 14% of Delhi’s youth tend to share sensational news without fact-checking, relying solely on conjecture.

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Recent Measures by ECI

Recently the Election Commission of India (EC) has issued a fresh advisory to political parties to ensure responsible use of AI-generated content in their campaigns. The EC has issued guidelines to curb the potential use of "deepfakes" and AI-generated distorted content by political parties and their representatives to disturb the level playing field. EC has mandated the labelling of all AI-generated content used in election campaigns to enhance transparency, combat misinformation, ensuring a fair electoral process in the face of rapidly advancing AI technologies.

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Best Practices to Avoid Electoral Mis/Disinformation 

• Seek Information from Official Sources: Voters should rely on authenticated sources for information. These include reading official manifestos, following verified advisory notifications from the Election Commission, and avoiding unverified claims or rumours.
• Consume News Responsibly: Voters must familiarize themselves with dependable news channels and make use of reputable fact-checking organizations that uphold the integrity of news content. It is crucial to refrain from randomly sharing or forwarding any news post, video, or message without verifying its authenticity. Consume responsibly, fact-check thoroughly, and share cautiously.
• Role of Fact-Checking: Cross-checking and verifying information from credible sources are indispensable practices. Reliable and trustworthy fact-checking tools are vital for assessing the authenticity of information in the digital space. Voters are encouraged to use these tools to validate information from authenticated sources and adopt a habit of verification on their own. This approach fosters a culture of critical thinking, empowering citizens to counter deceptive deepfakes and malicious misinformation effectively. It also helps create a more informed and resilient electorate.
• Be Aware of Electoral Deepfakes: In the era of artificial intelligence, synthetic media presents significant challenges. Just as videos can be manipulated, voices can also be cloned. It is essential to remain vigilant against the misuse of deepfake audio and video content by malicious actors. Recognize the warning signs, such as inconsistencies or unnatural details, and stay alert to misleading multimedia content. Proactively question and verify such material to avoid falling prey to deception.

References

1. https://www.financialexpress.com/business/brandwagon-90-ofnbsp-delhi-youth-witness-spike-in-fake-news-during-elections-91-believe-it-influences-voting-patterns-revealed-the-23-watts-report-3483166/
2. https://timesofindia.indiatimes.com/india/election-commission-urges-parties-to-disclose-ai-generated-campaign-content-in-interest-of-transparency/articleshow/117306865.cms
3. https://www.thehindu.com/news/national/election-commission-issues-advisory-on-use-of-ai-in-poll-campaigning/article69103888.ece
4. https://indiaai.gov.in/article/election-commission-of-india-embraces-ai-ethics-in-campaigning-advisory-on-labelling-ai-generated-content

Introduction

The ramifications of cybercrime can be far-reaching. Depending on the size of the attack, even entire countries can be affected if their critical infrastructure is connected to the internet. The vast majority of security breaches start within the perimeter and most internet attacks are socially engineered. Unwittingly trusting any email or web request from an unknown sender creates a potential danger for those organisations that depend on the Internet for their business functions. In this ever-evolving digital downtown yet another group has emerged from its darkest corners of targeting the UK’s very bastion of British and global heritage; a treasure trove of around 14 million volumes, ancient manuscripts, in the precious British Library. A group self-identified as Rhysida. Their bold maneuver, executed with the stealth of seasoned cyber brigands, has cast a shadow as long and dark as those found in the Gothic novels that rest on the library's shelves. The late October cyber-attack has thrust the British Library into an unnerving state of chaos, a situation more commonly aligned with works of dystopian fiction than the everyday reality of a revered institution.

The Modus Operandi

The gang uses all-new Rhysida ransomware to jeopardize Virtual Private Networks, which is typically used by library staff to gain access to their employee’s systems remotely. The Ransomware presents itself as a regular decoy file in a familiar fashion as regular phishing attacks in an email, tricking its victim and downloading itself into the host system.  Once the malware enters the system it stays dormant and lurks around the system for a period of time. The new malware has significantly reduced the dwell time from 4 days to less than 24 hours which enables it to evade periodic system checks to avoid detection.

 Implications of Cyber Attack

Implications of the cyber-attack have been sobering and multifaceted. The library's systems, which serve as the lifeline for countless scholars, students, and the reading public, were left in disarray, unsettlingly reminiscent of a grand mansion invaded by incorporeal thieves. The violation has reverberated through the digital corridors of this once-impenetrable fortress, and the virtual aftershocks are ongoing. Patrons, who traverse a diverse spectrum of society, but share a common reverence for knowledge, received unsettling news: the possibility that their private data has been compromised—a sanctity breached, revealing yet again how even the most hallowed of spaces are not impervious to modern threats.

It is with no small sense of irony that we consider the nature of the stolen goods—names, email addresses, and the like. It is not the physical tomes of inestimable value that have been ransacked, but rather the digital footprints of those who sought the wisdom within the library's walls. This virtual Pandora's Box, now unleashed onto the dark web, has been tagged with a monetary value. Rhysida has set the ominous asking price of a staggering $740,000 worth of cryptocurrency for the compromised data, flaunting their theft with a hubris that chills the spine.

Yet, in this convoluted narrative unfolds a subplot that offers some measure of consolation. Payment information purports the library has not been included in this digital heist, offering a glint of reassurance amidst the prevailing uncertainty. This digital storm has had seismic repercussions: the library's website and interconnected systems have been besieged and access to the vast resources significantly hampered. The distressing notice of a 'major technology outage' transformed the digital facade from a portal for endless learning to a bulletin of sorrow, projecting the sombre message across virtual space.

The Impact

The impact of this violation will resonate far beyond the mere disruption of services; it signals the dawn of an era where venerable institutions of culture and learning must navigate the depths of cybersecurity. As the library grapples with the breach, a new front has opened in the age-old battle for the preservation of knowledge. The continuity of such an institution in a digitised world will be tested, and the outcome will define the future of digital heritage management. As the institution rallies, led by Roly Keating, its Chief Executive, one observes not a defeatist retreat, but a stoic, strategic regrouping. Gratitude is extended to patrons and partners whose patience has become as vital a resource as the knowledge the library preserves. The reassurances given, while acknowledging the laborious task ahead, signal not just an intention to repair but to fortify, to adapt, to evolve amidst adversity.

This wretched turn of events serves as a portentous reminder that threats to our most sacred spaces have transformed. The digital revolution has indeed democratised knowledge but has also exposed it to neoteric threats. The British Library, a repository of the past, must now confront a distinctly modern adversary. It requires us to posit whether our contemporary guardians of history are equipped to combat those who wield malicious code as their weapons of choice.

Best Practices for Cyber Resilience 

It is crucial to keep abreast with recent developments in cyberspace and emerging trends. Libraries in the digital age must ensure the protection of their patron’s data by applying comprehensive security protocols to safeguard the integrity, availability and confidentiality of sensitive information of their patrons. A few measures that can be applied by libraries include. 

• Secured Wi-Fi networks: Libraries offering public Wi-Fi facilities must secure them with strong encryption protocols such as WPA 3. Libraries should establish separate networks for internal operations allowing separation of staff and public networks to protect sensitive information. 
• Staff Training Programs: To avoid human error it is imperative that comprehensive training programs are conducted on a regular basis to generate greater awareness of cyber threats among staff and educate them about best practices of cyber hygiene and data security. 
• Data Backups and Recovery Protocols: Patrons' sensitive data should be updated and backed up regularly. Proper verification of the user’s data integrity is crucial and should be stored securely in a dedicated repository to ensure full recovery of the user’s data in the event of a breach. 
• Strong Authentication: Strong authentication to enhance library defenses is crucial to combat cyber threats. Staff and Patrons should be educated on strong password usage and the implementation of Multi-Factor Authentication to add an extra layer of security. 

Conclusion

Finally, whatever the future holds, what remains unassailable is the cultural edifice that is the British Library. Its trials and tribulations, like those of the volumes it safeguards, become a part of a larger narrative of endurance and defiance. In the canon of history—filled with conflicts and resolutions—the library, like the lighter anecdotes and tragic tales it harbours, will decidedly hold its place. And perhaps, with some assurance, we might glean from the sentiment voiced by Milton—an assurance that the path from turmoil to enlightenment, though fraught with strenuous challenges, is paved with lessons learned and resilience rediscovered. Cyberspace is constantly evolving hence it is in our best interest to keep abreast of all developments in this digital sphere. Maximum threats can be avoided if we are vigilant. 

 References:

• https://www.bbc.com/news/entertainment-arts-67544504