#FactCheck-9/11 Footage Falsely Shared as Iran’s Attack on Israel

Introduction

Quantum mechanics is not a new field. It finds its roots in the works of physicists such as Niels Bohr in the 1920s, and has informed the development of technologies like nuclear power in the past. But with developments in science and engineering, we are at the cusp of harnessing quantum mechanics for a new wave of real-world uses in sensing and metrology, computing, networking, security, and more. While at different stages of development, quantum technologies have the potential to revolutionise global security, economic systems, and digital infrastructure. The science is dazzling, but it is equally urgent to start preparing for its broader impact on society, especially regarding privacy and digital security. This article explores quantum computing, its threat to information integrity, and global interdependencies as they exist today, and discusses policy areas that should be addressed.

What Is Quantum Computing?

Classical computers use binary bits (0 or 1) to represent and process information. This binary system forms the base of modern computing. But quantum computers use qubits (quantum bits) as a basic unit, which can exist in multiple states ( 0, 1, both, or with other qubits) simultaneously due to quantum principles like superposition and entanglement. This creates an infinite range of possibilities in information processing and allows quantum machines to perform complex computations at speeds impossible for traditional computers. While still in their early stages, large-scale quantum computers could eventually:

1. Break modern encryption systems
2. Model complex molecules for drug discovery
3. Optimise global logistics and financial systems
4. Accelerate AI and machine learning

While this could eventually present significant opportunities in fields such as health innovation, material sciences, climate modelling, and cybersecurity, challenges will continue to arise even before the technology is ready for commercial application. Policymakers must start anticipating their impact.

Threats

Policy solutions surrounding quantum technologies will depend on the pace of development of the elements of the quantum ecosystem. However, the most urgent concerns regarding quantum computing applications are the risk to encryption and the impact on market competition.

1. Cybersecurity Threat: Digital infrastructure today (e.g., cloud services, networks, servers, etc.) across sectors such as government, banking and finance, healthcare, energy, etc., depends on encryption for secure data handling and communications. Threat actors can utilise quantum computers to break this encryption. Widely used asymmetric encryption keys, such as RSA or ECC, are particularly susceptible to being broken. Threat actors could "harvest now, decrypt later”- steal encrypted data now and decrypt it later when quantum capabilities mature. Although AES-256, a symmetric encryption standard, is currently considered resistant to quantum decryption, it only protects data after a secure connection is established through a process that today relies on RSA or ECC. This is why governments and companies are racing to adopt Post- Quantum Cryptography (PQC) and quantum key distribution (QKD) to protect security and privacy in digital infrastructure.

2. Market Monopoly: Quantum computing demands significant investments in infrastructure, talent, and research, which only a handful of countries and companies currently possess. As a result, firms that develop early quantum advantage may gain unprecedented competitive leverage through offerings such as quantum-as-a-service, disrupting encryption-dependent industries, or accelerating innovation in pharmaceuticals, finance, and logistics. This could reinforce the existing power asymmetries in the global digital economy. Given these challenges, proactive and forward-looking policy frameworks are critical.

What Should Quantum Computing Policy Cover?

Commercial quantum computing will transform many industries. Policy will have to be flexible and be developed in iterations to account for fast-paced developments in the field. It will also require enduring international collaboration to effectively address a broad range of concerns, including ethics, security, privacy, competition, and workforce implications.

1. Cybersecurity and Encryption: Quantum policy should prioritise the development and standardisation of quantum-resistant encryption methods. This includes ongoing research into Post-Quantum Cryptography (PQC) algorithms and their integration into digital infrastructure. Global policy will need to align national efforts with international standards to create unified quantum-safe encryption protocols.

2. Market Competition and Access: Given the high barriers to entry, regulatory frameworks should promote fair competition, enabling smaller players like startups and developing economies to participate meaningfully in the quantum economy. Frameworks to ensure equitable access, interoperability, and fair competition will become imperative as the quantum ecosystem matures so that society can reap its benefits as a whole.

4. Ethical Considerations: Policymakers will have to consider the impact on privacy and security, and push for the responsible use of quantum capabilities. This includes ensuring that quantum advances do not contribute to cybercrime, disproportionate surveillance, or human rights violations.

5. International Standard-Setting: Setting benchmarks, shared terminologies, and measurement standards will ensure interoperability and security across diverse stakeholders and facilitate global collaboration in quantum research and infrastructure.

6. Military and Defence Implications: Militarisation of quantum technologies is a growing concern, and national security affairs related to quantum espionage are being urgently explored. Nations will have to develop regulations to protect sensitive data and intellectual property from quantum-enabled attacks.

7. Workforce Development and Education: Policies should encourage quantum computing education at various levels to ensure a steady pipeline of talent and foster cross-disciplinary programs that blend quantum computing with fields like machine learning, AI, and engineering.

8. Environmental and Societal Impact: Quantum computing hardware requires specialised conditions such as extreme cooling. Policy will have to address the environmental footprint of the infrastructure and energy consumption of large-scale quantum systems. Broader societal impacts of quantum computing, including potential job displacement, accessibility issues, and the equitable distribution of quantum computing benefits, will have to be explored.

Conclusion

Like nuclear power and AI, the new wave of quantum technologies is expected to be an exciting paradigm shift for society. While they can bring numerous benefits to commercial operations and address societal challenges, they also pose significant risks to global information security. Quantum policy will require regulatory, strategic, and ethical frameworks to govern the rise of these technologies, especially as they intersect with national security, global competition, and privacy. Policymakers must act in collaboration to mitigate unethical use of these technologies and the entrenchment of digital divides across countries. The OECD’s Anticipatory Governance of Emerging Technologies provides a framework of essential values like respect for human rights, privacy, and sustainable development, which can be used to set a baseline, so that quantum computing and related technologies benefit society as a whole.

References

• https://www.weforum.org/stories/2024/07/explainer-what-is-quantum-technology/
• https://www.paconsulting.com/insights/what-is-quantum-technology
• https://delinea.com/blog/quantum-safe-encryption#:~:text=This%20can%20result%20in%20AES,%2D128%20to%20AES%2D256.
• https://www.oecd.org/en/publications/a-quantum-technologies-policy-primer_fd1153c3-en.html

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Introduction

According to the Finance Ministry's data, the incidence of domestic Unified Payment Interface (UPI) fraud rose by 85% in FY 2023-24 compared to FY 2022-23. Further, as of September of FY 2024-25, 6.32 lakh fraud cases had been already reported, amounting to Rs 485 crore. The data was shared on 25th November 2024, by the Finance Ministry in response to a question in Lok Sabha’s winter session about the fraud in UPI transactions during the past three fiscal years.

Statistics

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UPI Frauds and Government's Countermeasures 

On the query as to measures taken by the government for safe and secure UPI transactions and prevention of fraud in the transactions, the ministry has highlighted the measures as follows: 

• The Reserve Bank of India (RBI) has launched the Central Payment Fraud Information Registry (CPFIR), a web-based tool for reporting payment-related frauds, operational since March 2020, and it requires requiring all Regulated Entities (RE) to report payment-related frauds to the said CPFIR.

• The Government, RBI, and National Payments Corporation of India (NPCI) have implemented various measures to prevent payment-related frauds, including UPI transaction frauds. These include device binding, two-factor authentication through PIN, daily transaction limits, and limits on use cases.
• Further, NPCI offers a fraud monitoring solution for banks, enabling them to alert and decline transactions using AI/ML models. RBI and banks are also promoting awareness through SMS, radio, and publicity on 'cyber-crime prevention'.
• The Ministry of Home Affairs has launched a National Cybercrime Reporting Portal (NCRP) (www.cybercrime.gov.in) and a National Cybercrime Helpline Number 1930 to help citizens report cyber incidents, including financial fraud. Customers can also report fraud on the official websites of their bank or bank branches.
• The Department of Telecommunications has introduced the Digital Intelligence Platform (DIP) and 'Chakshu' facility on the Sanchar Saathi portal, enabling citizens to report suspected fraud messages via call, SMS, or WhatsApp.

Conclusion  

UPI is India's most popular digital payment method.  As of June 2024, there are around 350 million active users of the UPI in India. The Indian Cyber Crime Coordination Centre (I4C) report indicates that ‘Online Financial Fraud’, a cyber crime category under NCRP, is the most prevalent among others. The rise of financial fraud, particularly UPI fraud is cause for alarm, the scammers use sophisticated strategies to deceive victims. It is high time for netizens to exercise caution and care with their personal and financial information, stay aware of common tactics used by fraudsters, and adhere to best security practices for secure transactions and the safe use of UPI services.

References

• https://sansad.in/getFile/loksabhaquestions/annex/183/AU211_sk53e3.pdf?source=pqals

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Introduction 

In a major policy shift aimed at synchronizing India's fight against cyber-enabled financial crimes, the government has taken a landmark step by bringing the Indian Cyber Crime Coordination Centre (I4C) under the ambit of the Prevention of Money Laundering Act (PMLA). In the notification released in the official gazette on 25th April, 2025, the Department of Revenue, Ministry of Finance, included the Indian Cyber Crime Coordination Centre (I4C) under Section 66 of the Prevention of Money Laundering Act, 2002 (hereinafter referred to as “PMLA”). The step comes as a significant attempt to resolve the asynchronous approach of different agencies (Enforcement Directorate (ED), State Police, CBI, CERT-In, RBI) set up under the government responsible for preventing and often possessing key information regarding cyber crimes and financial crimes. As it is correctly put, "When criminals sprint and the administration strolls, the finish line is lost.” 

The gazetted notification dated 25th April, 2025, read as follows:

“In exercise of the powers conferred by clause (ii) of sub-section (1) of section 66 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government, on being satisfied that it is necessary in the public interest to do so, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 381(E), dated the 27th June, 2006, namely:- In the said notification, after serial number (26) and the entry relating thereto, the following serial number and entry shall be inserted, namely:— “(27) Indian Cyber Crime Coordination Centre (I4C).”.

Outrunning Crime: Strengthening Enforcement through Rapid Coordination 

The usage of cyberspace to commit sophisticated financial crimes and white-collar crimes is a one criminal parallel passover that no one was looking forward to. The disenchanted reality of today’s world is that the internet is used for as much bad as it is for good. The internet has now entered the financial domain, facilitating various financial crimes. Money laundering is a financial crime that includes all processes or activities that are in connection with the concealment, possession, acquisition, or use of proceeds of crime and projecting it as untainted money. In the offence of money laundering, there is an intricate web and trail of financial transactions that are hard to track, as they are, and with the advent of the internet, the transactions are often digital, and the absence of crucial information hampers the evidentiary chain. With this new step, the Enforcement Directorate (ED) will now make headway into the investigation with the information exchange under PMLA from and to I4C, removing the obstacles that existed before this notification.

Impact

The decision of the finance ministry has to be seen in terms of all that is happening around the globe, with the rapid increase in sophisticated financial crimes. By formally empowering the I4C to share and receive information with the Enforcement Directorate under PMLA, the government acknowledges the blurred lines between conventional financial crime and cybercrime. It strengthens India’s financial surveillance, where money laundering and cyber fraud are increasingly two sides of the same coin. The assessment of the impact can be made from the following facilitations enabled by the decision: 

• Quicker internet detection of money laundering
• Money trail tracking in real time across online platforms
• Rapid freeze of cryptocurrency wallets or assets obtained fraudulently

Another important aspect of this decision is that it serves as a signal that India is finally equipping itself and treating cyber-enabled financial crimes with the gravitas that is the need of the hour. This decision creates a two-way intelligence flow between cybercrime detection units and financial enforcement agencies. 

Conclusion

To counter the fragmented approach in handling cyber-enabled white-collar crimes and money laundering, the Indian government has fortified its legal and enforcement framework by extending PMLA’s reach to the Indian Cyber Crime Coordination Centre (I4C). All the decisions and the brainstorming that led up to this notification are crucial at this point in time for the cybercrime framework that India needs to be on par with other countries. Although India has come a long way in designing a robust cybercrime intelligence structure, as long as it excludes and works in isolation, it will be ineffective. So, the current decision in discussion should only be the beginning of a more comprehensive policy evolution. The government must further integrate and devise a separate mechanism to track “digital footprints” and incorporate a real-time red flag mechanism in digital transactions suspected to be linked to laundering or fraud. 

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