#FactCheck - Viral Photos Falsely Linked to Iranian President Ebrahim Raisi's Helicopter Crash

Introduction

India’s digital growth journey has been moving at a tremendous pace. According to MeitY’s report, India’s digital economy is expected to rise to US$ 500 billion by 2025, up from US$ 200 billion in 2019. The digitisation drive that we are experiencing is likely to foster and boost a favourable business environment that will attract rapid investment and augment economic growth across sectors. This will, in turn, compel businesses to adopt digital platforms as solutions to meet customer expectations. Due to accelerated digitisation, cyber risks often deter business growth. Cybercrimes are becoming more rampant and complex and the costs associated with such breaches are not only increasing but also becoming more systemic.

Development of the Cyber Insurance Landscape

Digitization of businesses started in the 1980s with the use of mainframes. Personal computers entered the game and further modified the landscape from the 2000s along with LANs, the internet and the dot-com boom of the 2000s. In the late 1990s, cyber-insurance was developed as a risk management tool to ensure information security. Coverage was limited, and clients included SMEs in need of insurance to qualify for tenders, or community banks too small to hedge the risks of their online banking operations. The first cyber insurance policy was written in 1997 through AIG, against hacking as a third-party liability policy. 

The current trends in the cyber insurance space are focused on the prevention of cyber risks, which by nature are hard to outline and constantly evolving. The result is that the buyers have limited clarity on the types of cyber risks covered under cyber insurance, and even lesser visibility on the scope and amount of optimum coverage. Unfamiliarity with the claim procedure and resolutions, ambiguous claim thresholds during settlements, and confusion around exclusions and coverage of regulatory fines and penalties under a purchased scheme further discourage potential buyers from seriously investing in cyber insurance products. 

Key Factors in Cyber Insurance Evolution and Its Role in Risk Management

The cyber insurance market in India has three key influencing factors, namely the speed of achieving digital maturity, government initiatives to digitise and enforce stringent cyber laws, and the evolving landscape with technology giants and MNCs entering the cyber insurance domain. The latter  are the catalyst for intensifying competition in this market. 

Advancements in technology in terms of AI, machine learning, big data, robotics, blockchain, augmented and virtual reality, and IoT are expected to reshape the insurance industry and help reach untapped audiences in a more digital-forward manner. With the absence of a standard cyber insurance policy, regulators need to take the following variables into consideration while developing cyber insurance policies: the risk insured against, the scope of the loss covered and the limits/ sub-limits.

Challenges 

With the complexity of cyber risks increasing exponentially the challenges to counter the same are growing too which is leading to gaps in the coverage offered for cyber threats. Resultantly, the compliance regulations are dependent on the risks which exist and cyber threat actors adopt new technologies faster and exploit them to their benefit. A lack of historical data and predictability in future cyber risks, the possibility of large overwhelming loss events, uncertainties among market participants about what is specifically covered under such policies, and legal battles over fundamental issues are some of the challenges identified.

Future Outlook/ Recommendations

India's cyber infrastructure requires a multi-faceted approach that involves collaboration between government, industry, and academia should be developed. Some recommendations are:

• Risk assessments should be a general practice and the cyber insurance policies should be simplified, clearing the mismatch between the premium paid and insurance coverage and there should be standard verbosity across cyber policy language.
• Promoting R&D tailored to India focused on education programs that have public-private partnerships and global collaborations to share threat intelligence, best practices, and expertise in critical infrastructure protection.
• Cyber insurance can also be promoted as compliance with the DPDP Act, which would lead to better development of cyber infrastructure and cyber hygiene practices.
• Regular updates to cyber insurance policies to ensure relevance and effectiveness. Insurers could create and offer holistic cyber insurance risk management plans.

Conclusion

According to a report by Deloitte in 2023, the cyber insurance market in India is expected to grow by 27-30 per cent in the coming years and it is currently valued at USD 50-60 million, while maintaining a steady 27-30 per cent CAGR in the past three years. The Indian cyber infrastructure’s nature is challenging, however, it offers opportunities for growth, innovation, and collaboration. A proactive approach, supported by robust policies, advanced technologies, and skilled professionals, will be essential to building a resilient cyber infrastructure capable of withstanding evolving threats.

Reference

• https://www2.deloitte.com/content/dam/Deloitte/nl/Documents/financial-services/deloitte-nl-fsi-demystifying-cyber-insurance-coverage-report.pdf
• https://www.dnaindia.com/business/report-what-s-cyber-liablity-insurance-and-why-you-may-need-it-2136556‍
• https://economictimes.indiatimes.com/industry/banking/finance/insure/cyber-insurance-gains-momentum-in-india-set-to-witness-exponential-growth-deloitte/articleshow/104189297.cms?from=mdr

The more ease and dependency the internet slithers into our lives, the more obscure parasites linger on with it, menacing our privacy and data. Among these digital parasites, cyber espionage, hacking, and ransom have never failed to grab the headlines. These hostilities carried out by cyber criminals, corporate juggernauts and several state and non-state actors lend them unlimited access to the customers’ data damaging the digital fabric and wellbeing of netizens. 

As technology continues to evolve, so does the need for robust safety measures. To tackle these emerging challenges, Korea based Samsung Electronics has introduced a cutting-edge security tool called Auto Blocker.  Introduced in the One UI 6 Update, Auto Blocker boasts an array of additional security features, granting users the ability to customize their device's security as per their requirements Also known as ‘advanced sandbox’ or ‘Virtual Quarantine’. Sandboxing is a safety measure for separating running programs to prevent spread of digital vulnerabilities. It prohibits automatic execution of malicious code embedded in images. This shield now extends to third-party apps like WhatsApp and Facebook messenger, providing better resilience against cyber-attacks in all Samsung devices.  

Matter of Choice 

Dr. Seungwon Shin, EVP & Head of Security Team, Mobile eXperience Business at Samsung Electronics, emphasizes the significance of user safety. He stated “At Samsung, we constantly strive to keep our users safe from security attacks, and with the introduction of Auto Blocker, users can continue to enjoy the benefits of our open ecosystem, knowing that their mobile experience is secured.” 

Auto Blocker is a matter of choice. It's not a cookie cutter solution; instead, its USP is the ability to customize security measures of your device. The Auto Blocker can be accessed through device’s setting, and is activated via toggle. 

Your personal Digital Armor 

One of Auto Blocker's salient features is its ability to prevent bloatware (unnecessary apps) from installing in the devices from unknown sources which is called sideloading. While sideloading provides greater scope of control and better customization, it also exposes users to potential threats, such as malicious file downloads. The proactive approach of Auto Blocker disables sideloading by default.  Auto Blocker serves as an extra line of defense, especially against gruesome social engineering attacks such as voice Phishing (Vhishing).  The app has an essential tool called ‘Message Guard’, engineered to combat Zero Click attacks. These complicated attacks are executed when a message containing an image is viewed. 

The Auto Blocker also offers a wide variety of new controls to enhance device’s safety, including security scans to detect malwares. Additionally, Auto Blocker prevents the installation of malwares via USB cable. This ensures the device's security even when someone gains physical access to it, such as when the device is being charged in a public place.

Raising the Bar for Cyber Security

Auto Blocker testifies Samsung's unwavering commitment to the safety and privacy of its users. It acts an essential part of Samsung's security suite and privacy innovations, improving overall mobile experience within the Galaxy’s ecosystem. It provides a safer mobile experience while allowing user superior control over their device's protection. In comparison. Apple offers a more standardized approach to privacy and security with emphasis on user friendly design and closed ecosystem. Samsung disables sideloading to combat threats, while Apple is more flexible in this regard on macOS.

In this dynamic digital space, the Auto Blocker offers a tool to maintain cyber peace and resilience. It protects from a broad spectrum of digital hostilities while allowing us to embrace the new digital ecosystem crafted by Galaxy. It's a security feature that puts you in control, allowing you to determine how you fortify your digital fort to safeguard your device against digital specters like zero clicks, voice phishing (Vishing) and malware downloads 

Samsung’s new product emerges as impenetrable armor shielding users against cyber hostilities. With its new customizable security feature with Galaxy Ecosystem, it allows users to exercise greater control over their digital space, promoting more secure and peaceful cyberspace. 

Reference:

HT News Desk. (2023, November 1). Samsung unveils new Auto Blocker feature to protect devices. How does it work? Hindustan Times. https://www.hindustantimes.com/technology/samsung-unveils-new auto-blocker-feature to-protect-devices-how-does-it-work 101698805574773.html

Executive Summary:

A number of false information is spreading across social media networks after the users are sharing the mistranslated video with Indian Hindus being congratulated by Italian Prime Minister Giorgia Meloni on the inauguration of Ram Temple in Ayodhya under Uttar Pradesh state. Our CyberPeace Research Team’s investigation clearly reveals that those allegations are based on false grounds. The true interpretation of the video that actually is revealed as Meloni saying thank you to those who wished her a happy birthday.

Claims:

A X (Formerly known as Twitter) user’ shared a 13 sec video where Italy Prime Minister Giorgia Meloni speaking in Italian and user claiming to be congratulating India for Ram Mandir Construction, the caption reads, 

“Italian PM Giorgia Meloni Message to Hindus for Ram Mandir #RamMandirPranPratishta. #Translation : Best wishes to the Hindus in India and around the world on the Pran Pratistha ceremony. By restoring your prestige after hundreds of years of struggle, you have set an example for the world. Lots of love.”

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Fact Check:

The CyberPeace Research team tried to translate the Video in Google Translate. First, we took out the transcript of the Video using an AI transcription tool and put it on Google Translate; the result was something else.

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The Translation reads, “Thank you all for the birthday wishes you sent me privately with posts on social media, a lot of encouragement which I will treasure, you are my strength, I love you.”

With this we are sure that it was not any Congratulations message but a thank you message for all those who sent birthday wishes to the Prime Minister. 

We then did a reverse Image Search of frames of the Video and found the original Video on the Prime Minister official X Handle uploaded on 15 Jan, 2024 with caption as, “Grazie. Siete la mia” Translation reads, “Thank you. You are my strength!”

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Conclusion:

The 13 Sec video shared by a user had a great reach at X as a result many users shared the Video with Similar Caption. A Misunderstanding starts from one Post and it spreads all. The Claims made by the X User in Caption of the Post is totally misleading and has no connection with the actual post of Italy Prime Minister Giorgia Meloni speaking in Italian. Hence, the Post is fake and Misleading.

• Claim:  Italian Prime Minister Giorgia Meloni congratulated Hindus in the context of Ram Mandir
• Claimed on: X
• Fact Check: Fake

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