A circulating picture which is said to be of United States President Joe Biden wearing military uniform during a meeting with military officials has been found out to be AI-generated. This viral image however falsely claims to show President Biden authorizing US military action in the Middle East. The Cyberpeace Research Team has identified that the photo is generated by generative AI and not real. Multiple visual discrepancies in the picture mark it as a product of AI.
A viral image claiming to be US President Joe Biden wearing a military outfit during a meeting with military officials has been created using artificial intelligence. This picture is being shared on social media with the false claim that it is of President Biden convening to authorize the use of the US military in the Middle East.
CyberPeace Research Team discovered that the photo of US President Joe Biden in a military uniform at a meeting with military officials was made using generative-AI and is not authentic. There are some obvious visual differences that plainly suggest this is an AI-generated shot.
Firstly, the eyes of US President Joe Biden are full black, secondly the military officials face is blended, thirdly the phone is standing without any support.
We then put the image in Image AI Detection tool
The tool predicted 4% human and 96% AI, Which tells that it’s a deep fake content.
Let’s do it with another tool named Hive Detector.
Hive Detector predicted to be as 100% AI Detected, Which likely to be a Deep Fake Content.
Thus, the growth of AI-produced content is a challenge in determining fact from fiction, particularly in the sphere of social media. In the case of the fake photo supposedly showing President Joe Biden, the need for critical thinking and verification of information online is emphasized. With technology constantly evolving, it is of great importance that people be watchful and use verified sources to fight the spread of disinformation. Furthermore, initiatives to make people aware of the existence and impact of AI-produced content should be undertaken in order to promote a more aware and digitally literate society.
- Claim: A circulating picture which is said to be of United States President Joe Biden wearing military uniform during a meeting with military officials
- Claimed on: X
- Fact Check: Fake
In recent years, the city of Hyderabad/Cyberabad has emerged as a technology hub, a place with the strong presence of multi corporations, Startups, and research institutions, Hyderabad has become a hub of innovations and technological advancement. However, this growing land of cyber opportunities has also become a hub for cybercriminals as well. In this blog post, we shall explore the reasons why professionals are being targeted and the effects of cyber fraud on techies. Through this investigation, we hope to raise awareness about the seriousness of the problem as well as give vital insights and techniques for Cyberabad’s computer workers to defend themselves against cyber theft. We can work together to make Cyberabad’s technology ecosystem safer and more secure.
Defining Cyber Fraud
In today’s age, where everything has an interconnected digital world, cyber fraud cases are increasing daily. Cyber fraud encompasses a wide range of threats and techniques employed by bad actors, such as Phishing, Ransomware, identity theft, online scams, data breaches, and fake websites designed for users. The sophistication of cyber fraud techniques is constantly evolving, making it challenging for individuals and organisations to stay ahead. Cybercriminals use software vulnerabilities, social engineering tactics, and flaws in cybersecurity defences to carry out their harmful operations. Individuals and organisations must grasp these dangers and tactics to protect themselves against cyber fraud.
Impact of Cyber Frauds
The consequences of Falling victim to cyber fraud can be devastating, both personally and professionally. The emotional and financial toll on individuals may be a challenge. Identity theft may lead to damaged credit scores, fraudulent transactions, and years of recovery work to rehabilitate one’s image. Financial fraud can result in depleted bank accounts, unauthorised charges, and substantial monetary losses. Furthermore, being tricked and violated in the digital environment can generate anxiety, tension, and a lack of confidence.
The impact of cyber fraud goes beyond immediate financial losses and can have long-term consequences for individuals’ and organisations’ entire well-being and stability. As the threat environment evolves, it is critical for people and organisations to recognise the gravity of these repercussions and take proactive actions to protect themselves against cyber theft.
Why are Cyberabad Tech Professionals Targeted?
Tech professionals in Cyberabad are particularly vulnerable to cyber due to various factors. Firstly, their expertise and knowledge in technology make them attractive targets for cybercrooks. These professionals possess valuable coding, Software, and administration skills, making them attractive to cybercriminals.
Secondly, the nature of work often involves enormous use of technology, including regular internet contacts, email exchanges, and access to private information. This expanded digital presence exposes them to possible cyber dangers and makes them more vulnerable to fraudsters’ social engineering efforts. Furthermore, the fast-moving nature of the tech industry, with many deadlines and work pressure to deliver, can create a distraction. This can let them click on some malicious links or share sensitive information unknowingly all these factors let the cyber criminals exploit vulnerabilities.
Unveiling the Statistics
According to various reports, 80% of cyber fraud victims in Hyderabad are techies; the rest are the public targeted by cyber crooks. This surprising number emphasises the critical need to address the vulnerabilities and threats this specific segment within the IT community faces.
Going further into the data, we can acquire insights into the many forms of cyber fraud targeting tech workers, the strategies used by cybercriminals, and the impact these occurrences have on individuals and organisations. Examining precise features and patterns within data might give important information for developing successful preventative and protection methods.
Several reasons contribute to the elevated risk of cyber fraud among ICT professionals in Cyberabad. Understanding these aspects helps explain why this group is specifically targeted and may be more vulnerable to such assaults.
Technical Expertise: Tech workers frequently have specialised technical knowledge, but this knowledge may only sometimes extend to cybersecurity. Their primary concentration is writing software, designing systems, or implementing technologies, which may result in missing possible vulnerabilities or a lack of overall cybersecurity understanding.
Confidence in Technology: IT workers have a higher level of confidence in technology because of their knowledge and dependence on technology. This trust can sometimes make individuals more vulnerable to sophisticated frauds or social engineering approaches that prey on their faith in the services they utilise.
Time Constraints and Pressure: Tech workers frequently operate under tight deadlines and tremendous pressure to reach project milestones. This may result in hurried decision-making or disregarding possible warning signals of cyber fraud, rendering them more exposed to assaults that prey on time-sensitive circumstances.
Cybercriminals know that technology workers have valuable knowledge, trade secrets, and intellectual property that may be economically profitable. As a result, they are attractive targets for attacks aiming at stealing sensitive data or gaining unauthorised access to critical systems.
The best practices that cyber techies can apply to safeguard their personal and professional data by following these simple tips:
Strong Passwords: create a strong password, using passwords for all your online accounts and changing them regularly. Remember to use unique combinations!
MFA (Multi-Factor Authentication): Enable MFA wherever possible. This provides an extra degree of protection by requiring a second form of verification, such as a code texted to your mobile device and your password.
Use Secured WiFi: Use secure and encrypted Wi-Fi networks, especially while viewing sensitive information. Avoid connecting to public or unprotected networks, as they can be readily exploited. Recognising Red Flags and Staying Ahead
Social Engineering: Be sceptical of unwanted solicitations or offers, both online and offline. Cybercriminals may try to persuade or fool you using social engineering tactics. Before revealing any personal or private information, think critically and confirm the veracity of the request.
Secure Web Browsing: Only browse trustworthy websites with valid SSL certificates (look for “https://” in the URL). Avoid clicking on strange links or downloading files from unknown sources since they may contain malware or ransomware.
Report Suspicious actions: If you encounter any suspicious or fraudulent actions, report them to the relevant authorities, such as the Cyber Crime Police or your organisation’s IT department. Reporting events can assist in avoiding additional harm and aid in identifying and apprehending hackers.
Stay Current on Security Practises: Stay up to speed on the newest cybersecurity risks and best practices. Follow credible sources, participate in cybersecurity forums or seminars, and remain current on new threats and preventative measures.
The rise in cybercrimes and fraud cases among tech experts in Cyberabad is a disturbing trend that requires prompt intervention. We can establish a safer tech cluster that lives on creativity, trust, and resilience by adopting proactive actions, raising awareness, and encouraging cooperation. Let us work together to prevent cybercrime and ensure the future of Cyberabad’s IT ecosystem.
The internet is a nest of scams and there's much need to be careful with predatory ideas that prey on the naïve people. Within the recent days, a malicious campaign has emerged falsely alleging 28 day free recharge by courtesy of the Prime Minister Narendra Modi. This blog seeks to analyze the tactics used by this scam in luring the victims and give an overview on how one can identify and keep away from such fraudulent activities.
In view of the increasing support for the BJP 2024 election, a rumor has allegedly claimed that the Prime Minister Narendra Modi offering a free recharge with a validity period of up-to twenty eight days at cost of ₹239 to all Indian users. The message encourages the users to click on a given link in order to redeem the free recharge, pointing out that this offer is valid until January 26th of 2024.
The Deceptive Journey:
- Insecure Links:The research begins with a suspicious link (http://offerintro[.]com/BJP2024), without any credibility that honest sites use to protect the user information. We should keep in mind that the links which aren’t secure may easily lead to phishing and other cyber threats.
- Multiple Redirects:When users click the link, they are immediately directed through a series of links. This common tactic used by scammers is designed to hide the true origin of their fraudulent scheme, making it difficult for users' efforts to identify the malicious activity.
- False Promises and Fake Comments:The landing page has a banner of the Prime Minister Narendra Modi that makes it look like this is an official channel and hence authentic. Further, false comments can be also included to compliment the alleged initiative. But remember that genuine government announcements are made through legal channels, not by the shady websites.
- Mobile Number Request:As the next step, the users enter their mobile numbers in the specified field. True initiatives never really need the personal information to pass through unofficial lines. This is actually a trick that scammers use to acquire the important information.
- Share to Activate:Once a user has entered the mobile number, he/she is prompted to share the link with others in order to “activate” promised free recharge. This method is most often used by scammers for spreading their fraudulent message beyond the targeted victim.
- Fake Progress Display:When the users have done their part by sharing the link, a false recharge in progress bar is shown to make them believe that it has started. But the consumers are unwittingly playing a part in the fraud.
- Recharge Completion Pop-up:The last stage of fraud includes a pop-up saying that the recharge is done; leaving users with the false belief that they have benefited from a legitimate government initiative.
What we Analyze :
- It is important to note that at this particular point, there has not been any official declaration or a proper confirmation of an offer made by the Prime Minister or from their government. So, people must be very careful when encountering such messages because they are often employed as lures in phishing attacks or misinformation campaigns. Before engaging or transmitting such claims, it is always advisable to authenticate the information from trustworthy sources in order to protect oneself online and prevent the spread of wrongful information.
- The campaign is hosted on a third party domain instead of any official Government Website, this raised suspicion. Also the domain has been registered in very recent times.
- Domain Name: offerintro[.]com
- Registry Domain ID: 2791466714_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.godaddy[.]com
- Registrar URL: https://www.godaddy[.]com
- Registrar: GoDaddy[.]com, LLC
- Registrar IANA ID: 146
- Updated Date: 2023-06-18T20:37:20Z
- Creation Date: 2023-06-18T20:37:20Z
- Registrar Registration Expiration Date: 2024-06-18T20:37:20Z
- Name Server: ANAHI.NS.CLOUDFLARE.COM
- Name Server: GARRETT.NS.CLOUDFLARE.COM
- Stay Informed: Beware of the scams and keep yourself updated through authentic government platforms.
- Verify Website Security: Do not get engaged with any insecure HTTP links but focus on URLs that have secure encryption (HTTPS).
- Protect Personal Information: However, be cautious when sharing personal information – especially in a non-official channel.
- Report Suspicious Activity: If you discover any scams or fraudulent activities, report it and the relevant sites to help avoid others from being defrauded of their hard earned money.
Summing up, Prime Minister Narendra Modi Free Recharge fraud is an excellent illustration that there is always some danger within cyberspace. The way of the method, from insecure links and also multiple redirects to false promises and really data collection make it clear that internet users should be more careful. The importance of staying up-to-date with what is happening in this new digital world, verifying credibility and also privacy are paramount. By being cautiously aware, the people can keep themselves safe from such fraudulent acts and also play a role in ensuring security even for an online world. Remember that an offer which is in a perfect world should be illegal. Therefore, after doing a thorough research we found this campaign to be fake.
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.
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.