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The Equitable Growth Approach of AI and Digital Twins

Digital Twins can be simply described as virtual replicas of physical assets or systems, powered by real-time data and advanced simulations. When this technology is combined with AI, the impact it has on enabling real-time monitoring, predictive maintenance, optimised operations, and improved design processes through the creation of virtual replicas of physical assets becomes even greater.  The greatest value of AI is its ability to make data actionable. And when combined with digital twins, these data can be collated, analysed, inefficiencies removed, and better decisions can be taken to improve efficiency and quality. 

This intersection between AI and Digital Twins holds immense potential for addressing key challenges, particularly in countries like India, which is rapidly embracing digital adoption to achieve its economic ambitions and sustainability goals. According to Salesforce’s most recent survey on generative AI use among the general population within the U.S., UK, Australia and India, 75% of generative AI users are looking to automate repetitive tasks and use generative AI for work communications. India is particularly looking towards a rapid digital adoption, economic ambitions, and sustainable developments to be achieved through AI adoption. This blog discuss the intersection of equitable growth, sustainability, and AI-driven policies in India.

Sustainability and the Path Ahead: Digital Twin and AI-Driven Solutions 

India faces sustainability challenges which are mainly associated with issues such as urban congestion, the rising demand for energy along with climate change and environmental degradation. AI and Digital Twins provide solutions for real-time simulations and predictive analysis. Some of the examples are its applications in sustainable urban planning such as smart cities like the Indore Smart City Initiative and traffic optimisation, energy efficiency/optimisation through AI-driven renewable energy projects and power grid optimisation and even water resource management through leak detection, equitable distribution and conservation.

The need is to balance innovation with regulation, particularly, underscoring the importance of ethical and sustainable deployment of AI and digital twins and addressing data privacy with AI ethics with recent developments such as the India’s evolving AI policy landscape, including the National Strategy for Artificial Intelligence and its focus on AI for All, regulatory frameworks such as  DPDP Act and the manner in which they address AI ethics, data privacy, and digital governance.

The need is to initiate targeted policies that promote research and development in AI and digital twin technologies, skill development and partnerships with the private sector, think tanks, nonprofits and others. Also, collaborations at the global level would include aligning our domestic policies with global AI and sustainability initiatives and leveraging the international frameworks for climate tech and smart infrastructure. 

Cyberpeace Outlook

As part of specific actions, policymakers need to engage in proactive governance to ensure the responsible use and development of AI. This includes enacting incentive schemes for sustainable AI projects and strengthening the enforcement of data privacy laws. Industry leaders must support equitable access to AI and digital twin technologies and develop tailored AI tools for resource-constrained settings, particularly in India. Finally, researchers need to drive innovation in alignment with sustainability goals, such as those related to agriculture and groundwater management.

References

• https://economictimes.indiatimes.com/tech/artificial-intelligence/technologies-like-ai-and-digital-twins-can-tackle-challenges-like-equitable-growth-to-sustainability-wef/articleshow/117121897.cms 
• https://www.salesforce.com/news/stories/generative-ai-statistics/
• https://www.mdpi.com/2673-2688/4/3/38 ‍
• https://www.ibm.com/think/topics/generative-ai-for-digital-twin-energy-utilities

Introduction

CyberPeace Chronicles is a one-stop for the latest edition of news, updates, and findings in global cyberspace. As we step into the cyberage, it is pertinent that we need to incorporate cybersecurity practices in our day-to-day activities. From laptops to automated homes and cars, we are all surrounded by technology in some form or another. Thus, with the increased dependency, we need to eradicate the scope of vulnerabilities and threats around us and create robust and sustainable safety mechanisms for us and future generations. 

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What, When and How? 

• WIN-RAR Update: CVE-2023-33831, a serious vulnerability, was identified in WinRAR versions prior to 6.23 in April 2023. When users attempted to access seemingly harmless files inside ZIP archives, this vulnerability allowed attackers to run arbitrary code. Cybercriminals transmitted malware families like DarkMe, GuLoader, and Remcos RAT by taking advantage of this vulnerability. It is essential to update WinRAR to version 6.23 or later in order to protect your computer and your data. Follow the following steps to secure your device -

• Checking Your Current WinRAR Version
• Downloading the Latest WinRAR Version
• Installing the Updated WinRAR
• Completing the Installation
• Verifying the Update 
• Cleaning Up 

• Indonesian Hacker Groups Target Indian Digital Infrastructure: As India geared up to host the G20 delegation as part of the Leadership Summit, various reports pointed towards different forms and intensity-based cyber attacks on Indian organisations and digital infrastructure. Tech firms in India have been successful in tracing the origination of the attacks to be from Indonesia. It is believed that hacker groups backed by anti-India elements have been trying to target the digital resources of India. Organisations and central agencies like Computer Emergency Response Team (CERT-In), National Critical Information Infrastructure Protection Centre (NCIIPC), I4C (Indian Cybercrime Coordination Centre), Delhi Police, Intelligence Bureau (IB), Research and Analysis Wing (R&AW), National Investigation Agency (NIA) and Central Bureau of Investigation (CBI) have constantly been working in keeping the Digital interests of India safe and secure, and with the ongoing G20 summit, it is very pertinent to be mindful of potential threats prevailing to prepare counter tactics for the same. 
• CLOP Ransomware: The CL0P ransomware is thought to have initially surfaced in 2019 and was developed by a cybercriminal organisation that spoke Russian. The threat actor FIN11 (also known as TA505 and Snakefly), who is notorious for being financially driven, is frequently connected to the CL0P ransomware, which had its roots at the beginning of 2019. By utilising this technique, CL0P has targeted businesses utilising the "Accellion FTA" file transfer appliance's vulnerable version. Accordingly, it has been asserted that the following vulnerabilities have been used to access victim data and maybe switch to victim networks. Numerous well-publicized attacks carried out by CL0P have had an impact on organisations all across the world. Especially for Managed File Transfer (MFT) programmes, the CL0P performers are well known for their talent in developing zero-day vulnerabilities. The gang went after Accellion File Transfer Appliance (FTA) devices in both 2020 and 2021, then early in 2023, they went after Fortran/Linoma GoAnywhere MFT servers, and then later in June, they went after MOVEit transfer deployments. Up to 500 organisations are thought to have been harmed by this aggressive operation. Some of the ways to mitigate the risk are as follows: 

• Regular Software Updates: Updating programmes and systems helps prevent known security flaws that fraudsters frequently exploit.
• Employee Training: Employee training can significantly lower the likelihood of successful penetration by educating staff members about phishing scams and safe internet conduct.
• Network Segmentation: By separating networks and restricting lateral movement, a ransomware attack's potential effects can be reduced.
• Regular Data backups: Data backups can lessen the effects of encryption and deter payment by regularly backing up data and storing it offsite.
• Security solutions: Putting in place effective cybersecurity measures like firewalls, intrusion detection systems, and cutting-edge endpoint protection can greatly improve an organisation's defences.

• Increased scrutiny for SIM card vendors: As phishing and smishing scams are on the rise in India, the Telecom Regulatory Authority of India (TRAI) has repeatedly issued notifications and consultation papers to address this growing concern. Earlier this year, TRAI notified that promotional calling will not be continued from 10-digit personal numbers. Instead, companies will now have to take authorised 9-digit numbers for promotional calls and SMSs. Similarly, to increase the efficiency of the same, TRAI has laid down that all the SIM card vendors will now have to be verified again, and any discrepancy found against any of the vendors will lead to blacklisting and penal actions against the vendor. 

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Conclusion

In conclusion, the digital landscape in 2023 is rife with both opportunities and challenges. The recent discovery of a critical vulnerability in WinRAR underscores the importance of regularly updating software to protect against malicious attacks. It is imperative for users to follow the provided steps to secure their devices and safeguard their data. Furthermore, the cyber threat landscape continues to evolve, with Indonesian hacker groups targeting Indian digital infrastructure, particularly during significant events like the G20 summit. Indian organisations and cybersecurity agencies are working diligently to defend against these threats and ensure the security of digital assets. The emergence of ransomware attacks, exemplified by the CL0P ransomware, serves as a stark reminder of the need for robust cybersecurity measures. Regular software updates, employee training, network segmentation, data backups, and advanced security solutions are crucial components of a comprehensive defence strategy against ransomware and other cyber threats. Additionally, the Telecom Regulatory Authority of India's efforts to enhance security in the telecommunications sector, such as stricter verification of SIM card vendors, demonstrate a proactive approach to addressing the rising threat of phishing and smishing scams. In this dynamic digital landscape, staying informed and implementing proactive cybersecurity measures is essential for individuals, organisations, and nations to protect their digital assets and maintain a secure online environment. Vigilance, collaboration, and ongoing adaptation are key to meeting the challenges posed by cyber threats in 2023 and beyond.

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Introduction

In the age of advanced technology, Cyber threats continue to grow, and so are the cyber hubs. A new name has been added to the cyber hub, Purnia, a city in India, is now evolving as a new and alarming menace-biometric cloning and financial crimes. This emerging cyber threat involves replicating an individual’s biometric data, such as fingerprint or facial recognition, to gain unauthorised access to their bank accounts and carry out fraudulent activities. In this blog, we will have a look at the methods employed, the impact on individuals and institutions, and the necessary steps to mitigate the risk.

The Backdrop

Purnia, a bustling city in the state of Bihar, India, is known for its rich cultural heritage, However, underneath its bright appearance comes a hidden danger—a rising cyber threat with the potential to devastate its citizens’ financial security. Purnia has seen the growth of a dangerous trend in recent years, such as biometric cloning for financial crimes, after several FIRs were registered with Kasba and Amaur police stations. The Police came into action and started an investigation.

Modus Operandi unveiled

The modus Operandi of cyber criminals includes hacking into databases, intercepting data during transactions, or even physically obtaining fingerprints of facial images from objects or surfaces. Let’s understand how they gathered all this data and why Bihar was not targeted.

These criminals are way smart they operate in the three states. They targeted and have open access to obtain registry and agreement paperwork from official websites, albeit it is not available online in Bihar. As a result, the scam was conducted in other states rather than Bihar; further, the fraudsters were involved in downloading the fingerprints, biometrics, and Aadhaar numbers of buyers and sellers from the property registration documents of Andhra Pradesh, Haryana, and Telangana.

After Cloning fingerprints, the fraudster withdrew money after linking with Aadhaar Enabled Payment System (AEPS) from various bank accounts. The fraudsters stamped the fingerprint on rubber trace paper and utilised a polymer stamp machine and heating at a specific temperature with a chemical to make duplicate fingerprints used in unlawful financial transactions from several consumers’ bank accounts.

Investigation Insight

After the breakthrough, the police teams recovered a large number of smartphones, ATM cards, rubber stamps of fingerprints, Aadhar numbers, scanners, Stamp machines, laptops, and chemicals, and along with this, 17 people were arrested.

During the investigation, it was found that the cybercriminals employ Sophisticated money laundering techniques to obscure the illicit origins of the stolen funds. The fraudsters transfer money into various /multiple accounts or use cryptocurrency. Using these tactics makes it more challenging for authorities to trace back money and get it back.

Impact of biometric Cloning scam

The Biometric scam has far-reaching implications both for society, Individuals, and institutions. These kinds of scams cause financial losses and create emotional breakdowns, including anger, anxiety, and a sense of violation. This also broke the trust in a digital system.

It also seriously impacts institutions. Biometric cloning frauds may potentially cause severe reputational harm to financial institutions and organisations. When clients fall prey to such frauds, it erodes faith in the institution’s security procedures, potentially leading to customer loss and a tarnished reputation. Institutions may suffer legal and regulatory consequences, and they must invest money in investigating the incident, paying victims, and improving their security systems to prevent similar instances.

Raising Awareness

Empowering Purnia Residents to Protect Themselves from Biometric Fraud: Purnia must provide its inhabitants with knowledge and techniques to protect their personal information as it deals with the increasing issue of biometric fraud. Individuals may defend themselves from falling prey to these frauds by increasing awareness about biometric fraud and encouraging recommended practices. This blog will discuss the necessity of increasing awareness and present practical recommendations to help Purnia prevent biometric fraud. Here are some tips that one can follow;

• Securing personal Biometric data: It is crucial to safeguard personal biometric data. Individuals should be urged to secure their fingerprints, face scans, and other biometric information in the same way that they protect their passwords or PINs. It is critical to ensure that biometric data is safely maintained and shared with only trustworthy organisations with strong security procedures in place.
• Verifying Service providers: Residents should be vigilant while submitting biometric data to service providers, particularly those providing financial services. Before disclosing any sensitive information, it is important to undertake due diligence and establish the validity and reliability of the organisation. Checking for relevant certificates, reading reviews, and getting recommendations can assist people in making educated judgments and avoiding unscrupulous companies.
• Personal Cybersecurity: Individuals should implement robust cybersecurity practices to reduce the danger of biometric fraud. This includes using difficult and unique passwords, activating two-factor authentication, upgrading software and programs on a regular basis, and being wary of phishing efforts. Individuals should also refrain from providing personal information or biometric data via unprotected networks or through untrustworthy sources.
• Educating the Elderly and Vulnerable Groups: Special attention should be given to educating the elderly and other vulnerable groups who may be more prone to scams. Awareness campaigns may be modified to their individual requirements, emphasising the significance of digital identities, recognising possible risks, and seeking help from reliable sources when in doubt. Empowering these populations with knowledge can help keep them safe from biometric fraud.

Measures to Stay Ahead

As biometric fraud is a growing concern, staying a step ahead is essential. By following these simple steps, one can safeguard themselves.

• Multi-factor Authentication: MFA is one of the best methods for security. MFA creates multi-layer security or extra-layer security against unauthorised access. MFA incorporates a biometric scan and a password.
• Biometric Encryption: Biometric encryption securely stores and transmits biometric data. Rather than keeping raw biometric data, encryption methods transform it into mathematical templates that cannot be reverse-engineered. These templates are utilised for authentication, guaranteeing that the original biometric information is not compromised even if the encrypted data is.
• AI and Machine Learning (ML): AI and ML technologies are critical in detecting and combating biometric fraud. These systems can analyse massive volumes of data in real-time, discover trends, and detect abnormalities. Biometric systems may continually adapt and enhance accuracy by employing AI and ML algorithms, boosting their capacity to distinguish between legitimate users and fraudulent efforts.

Conclusion

The Biometric fraud call needs immediate attention to protect the bankers from the potential consequences. By creating awareness, we can save ourselves; additionally, by working together, we can create a safer digital environment. The use of biometric verification was inculcated to increase factor authentication for a banker. However, we see that the bad actors have already started to bypass the tech and even wreak havoc upon the netizens by draining their accounts of their hard-earned money. The banks and the cyber cells nationwide need to work together in synergy to increase awareness and safety mechanisms to prevent such cyber crimes and create effective and efficient redressal mechanisms for the citizens.

Reference

https://www.hindustantimes.com/cities/patna-news/purnia-emerges-as-cyber-fraud-hotspot-as-biometric-data-used-for-online-swindling-police-arrest-17-and-recover-cloning-equipment-1016841669436