#Fact Check-Misleading Newspaper from Kerala stating ban on paper currency
Research Wing
Innovation and Research
PUBLISHED ON
Feb 16, 2025
10
Executive Summary:
Recently, our team came across a widely circulated post on X (formerly Twitter), claiming that the Indian government would abolish paper currency from February 1 and transition entirely to digital money. The post, designed to resemble an official government notice, cited the absence of advertisements in Kerala newspapers as supposed evidence—an assertion that lacked any substantive basis
Claim:
The Indian government will ban paper currency from February 1, 2025, and adopt digital money as the sole legal tender to fight black money.
The claim that the Indian government will ban paper currency and transition entirely to digital money from February 1 is completely baseless and lacks any credible foundation. Neither the government nor the Reserve Bank of India (RBI) has made any official announcement supporting this assertion.
Furthermore, the supposed evidence—the absence of specific advertisements in Kerala newspapers—has been misinterpreted and holds no connection to any policy decisions regarding currency
During our research, we found that this was the prediction of what the newspaper from the year 2050 would look like and was not a statement that the notes will be banned and will be shifted to digital currency.
Such a massive change would necessitate clear communication to the public, major infrastructure improvements, and precise policy announcements which have not happened. This false rumor has widely spread on social media without even a shred of evidence from its source, which has been unreliable and is hence completely false.
We also found a clip from a news channel to support our research by asianetnews on Instagram.
We found that the event will be held in Jain Deemed-to-be University, Kochi from 25th January to 1st February. After this advertisement went viral and people began criticizing it, the director of "The Summit of Future 2025" apologized for this confusion. According to him, it was a fictional future news story with a disclaimer, which was misread by some of its readers.
The X handle of Summit of Future 2025 also posted a video of the official statement from Dr Tom.
Conclusion:
The claim that the Indian government will discontinue paper currency by February 1 and resort to full digital money is entirely false. There's no government announcement nor any evidence to support it. We would like to urge everyone to refer to standard sources for accurate information and be aware to avoid misinformation online.
Claim: India to ban paper currency from February 1, switching to digital money.
An alleged video is making the rounds on the internet featuring Ranveer Singh criticizing the Prime Minister Narendra Modi and his Government. But after examining the video closely it revealed that it has been tampered with to change the audio. In fact, the original videos posted by different media outlets actually show Ranveer Singh praising Varanasi, professing his love for Lord Shiva, and acknowledging Modiji’s role in enhancing the cultural charms and infrastructural development of the city. Differences in lip synchronization and the fact that the original video has no sign of criticizing PM Modi show that the video has been potentially manipulated in order to spread misinformation.
Claims:
The Viral Video of Bollywood actor Ranveer Singh criticizing Prime Minister Narendra Modi.
Upon receiving the Video we divided the video into keyframes and reverse-searched one of the images, we landed on another video of Ranveer Singh with lookalike appearance, posted by an Instagram account named, “The Indian Opinion News''. In the video Ranveer Singh talks about his experience of visiting Kashi Vishwanath Temple with Bollywood actress Kriti Sanon. When we watched the Full video we found no indication of criticizing PM Modi.
Taking a cue from this we did some keyword search to find the full video of the interview. We found many videos uploaded by media outlets but none of the videos indicates criticizing PM Modi as claimed in the viral video.
Ranveer Singh shared his thoughts about how he feels about Lord Shiva, his opinions on the city and the efforts undertaken by the Prime Minister Modi to keep history and heritage of Varanasi alive as well as the city's ongoing development projects. The discrepancy in the viral video clip is clearly seen when we look at it closely. The lips are not in synchronization with the words which we can hear. It is clearly seen in the original video that the lips are in perfect synchronization with the words of audio. Upon lack of evidence to the claim made and discrepancies in the video prove that the video was edited to misrepresent the original interview of Bollywood Actor Ranveer Singh. Hence, the claim made is misleading and false.
Conclusion:
The video that claims Ranveer Singh criticizing PM Narendra Modi is not genuine. Further investigation shows that it has been edited by changing the audio. The original footage actually shows Singh speaking positively about Varanasi and Modi's work. Differences in lip-syncing and upon lack of evidence highlight the danger of misinformation created by simple editing. Ultimately, the claim made is false and misleading.
Claim: A viral featuring Ranveer Singh criticizing the Prime Minister Narendra Modi and his Government.
The information is based on claims made by threat actors and does not imply confirmation of the breach, by CyberPeace. CyberPeace includes this detail solely to provide factual transparency and does not condone any unlawful activities. This information is shared only for research purposes and to spread awareness. CyberPeace encourages individuals and organizations to adopt proactive cybersecurity measures to protect against potential threats.
🚨 Data Breach Alert ⚠️:
Recently The Research Wing of CyberPeace and Autobot Infosec have come across a claim on a threat actor’s dark web website alleging a data breach involving 637k+ records from Federal Bank. According to the threat actor’s claim, the data allegedly includes sensitive details such as-
🧑Customer Name
🆔Customer ID
🏠 Customer Address
🎂 Date of Birth
🔢 Age
🚻 Gender
📞Mobile Number
🪪 PAN Number
🚘 Driving License Number
🛂 Passport Number
🔑 UID Number
🗳️ Voter ID Information
The alleged data was initially discovered on a dark web website, where the threat actors allegedly claimed to be offering the breached information for sale. Following their announcement of the breach, a portion of the data was reportedly published on December 27, 2024. A few days later, the full dataset was allegedly released on the same forum.
About the Threat Actor Group:
Bashe, a ransomware group that emerged in 2024, is claimed to have evolved from the LockBit ransomware group, previously operating under the names APT73 and Eraleig. The group employs data encryption combined with extortion tactics, threatening to release sensitive information if ransom demands are unmet. Their operations primarily target critical industries, including technology, healthcare, and finance, demonstrating a strategic focus on high-value sectors.
Breakdown of the Alleged Post by the Threat Actor:
Target: Allegedly involves Customer’s Data of Federal Bank.
Data Volume: Claimed breach includes 637,894 records.
Data Fields: Threat actor claims the data contains sensitive information, including Customer name, Customer ID, Date of Birth, PAN Number, Age, Gender, Father Name, Spouse Name, Driving Licence, Passport Number, UID Number, Voter ID, District, Zip Code, Home Address, Mailing Address, State etc.
Analysis:
The analysis of the alleged data breach highlights the states purportedly most impacted, along with insights into the affected age groups, gender distribution, and other key insights associated with the compromised data. This evaluation aims to provide a clearer understanding of the claimed breach's scope and its potential demographic and geographic impact.
Top States Impacted:
As per the alleged breached data, Tamil Nadu has the highest number of affected customers, accounting for a significant 34.49% of the total breach. Karnataka follows closely with 26.89%, indicating a substantial number of individuals affected in the state. In contrast states such as Uttar Pradesh, Haryana, Delhi, and Rajasthan report minimal impact, with each state having less than 1% of affected customers. Gujarat records 3.70% of the breach, with a sharp drop in affected numbers from other states, highlighting a significant disparity in the extent of the breach across regions.
Impacted Age Range Statistics:
The alleged data breach has predominantly impacted customers in the 31-40 years age group, which constitutes the largest segment at 35.80% of the affected individuals. Following this, the 21-30 years age group also shows significant impact, comprising 27.72% of those affected. The 41-50 years age group accounts for 20.55% of the impacted population, while individuals aged 50 and above represent 12.68%. In contrast, the 0-20 years age group is the least affected, with only 3.24% of customers falling into this category.
Gender Wise Statistics:
The alleged data breach has predominantly impacted male customers, who constitute the majority at 74.05% of the affected individuals. Female customers account for 23.18%, while a smaller segment, categorized as "Others," constitutes 2.77%.
The alleged dataset from the threat actors indicated that a significant portion of customers' personal identification data was compromised. This includes sensitive information such as driving licenses, passport numbers, UID numbers, voter IDs, and PAN numbers.
Significance of the Allegations:
Though the claims have not been independently verified at our end it underscores the rising risks of cyberattacks and data breaches, especially in the financial and banking sectors. If true, the exposure of such sensitive information could lead to financial fraud, identity theft, and severe reputational damage for individuals and organizations alike.
CyberPeace Advisory:
CyberPeace emphasizes the importance of vigilance and proactive measures to address cybersecurity risks:
Monitor Your Accounts: Keep a close eye on financial and email accounts for any suspicious activity.
Update Passwords: Change your passwords immediately and enable Multi Factor Authentication(MFA) wherever possible.
Beware of Phishing Attacks: Threat actors may exploit the leaked data to craft targeted phishing scams. Do not click on unsolicited links or share sensitive details over email or phone.
For Organizations: Strengthen data protection mechanisms, regularly audit security infrastructure, and respond swiftly to emerging threats.
We advise affected parties and the broader public to stay alert and take necessary precautions. CyberPeace remains committed to raising awareness about cybersecurity threats and advocating for better protection mechanisms. We urge all stakeholders to investigate the claims and ensure appropriate steps are taken to protect the impacted data, if the breach is confirmed. Our Research Wing is actively observing the situation and we aim to collaborate with the stakeholders and relevant agencies to mitigate the impact.
The advancement of technology has brought about remarkable changes in the aviation industry, including the introduction of inflight internet access systems. While these systems provide passengers with connectivity during their flights, they also introduce potential vulnerabilities that can compromise the security of aircraft systems.
Inflight Internet Access Systems
Inflight internet access systems have become integral to the modern air travel experience, allowing passengers to stay connected even at 30,000 feet. However, these systems can also be attractive targets for hackers, raising concerns about the safety and security of aircraft operations.
The Vulnerabilities of Inflight Internet Access Systems:
Gateway for Hackers: Inflight internet access systems are gateways between the aircraft’s internal network and the outside world. This connectivity allows hackers to exploit potential vulnerabilities and gain unauthorised access to critical systems.
Potential Entry Points: Passengers’ Wi-Fi devices, such as smartphones, tablets, and laptops, can serve as entry points for cybercriminals. If these devices are compromised, they can be used as a launching pad for attacks targeting the aircraft’s systems, including networked avionics.
Implications for Aircraft Security: Successful attacks on inflight internet access systems can have severe consequences for aircraft operations and passenger safety. Hackers gaining unauthorised access to critical systems, such as avionics, can manipulate data, compromise flight controls, or even cause emergency situations.
Securing Networked Avionics
Avionics, the electronic systems that support aircraft operation, play a crucial role in flight safety and navigation. While networked avionics are designed with robust security measures, they are not invulnerable to cyber threats. Therefore, it is essential to implement comprehensive security measures to protect these critical systems.
Ensuring Robust Architecture: Networked avionics should be designed with a strong focus on security. Implementing secure network architectures, such as segmentation and isolation, can minimise the risk of unauthorised access and limit the potential impact of a breach.
Rigorous Security Testing: Avionics systems should undergo rigorous security testing to identify vulnerabilities and weaknesses. Regular assessments, penetration testing, and vulnerability scanning are essential to proactively address any security flaws.
Collaborative Industry Efforts: Collaboration between manufacturers, airlines, regulatory bodies, and security researchers is crucial in strengthening the security of networked avionics. Sharing information, best practices, and lessons learned can help identify and address emerging threats effectively.
Continuous Monitoring and Updtes: Networked avionics should be continuously monitored for any potential security breaches. Prompt updates and patches should be applied to address newly discovered vulnerabilities and protect against known attack vectors.
Best practices to be adopted for the security of Aircraft Systems
Holistic Security Approach: Recognizing the interconnectedness of inflight internet access systems and networked avionics is essential. A holistic security approach should be adopted to address vulnerabilities in both systems and protect the overall aircraft infrastructure.
Comprehensive Security Measures: The security of inflight internet access systems should be on par with any other internet-connected device. Strong authentication, encryption, intrusion detection, and prevention systems should be implemented to mitigate risks and ensure the integrity of data transmissions.
Responsible Practices and Industry Collaboration: Encouraging responsible practices and fostering collaboration between security researchers and industry stakeholders can accelerate the identification and remediation of vulnerabilities. Open communication channels and a cooperative mindset are vital in addressing emerging threats effectively.
Robust Access Controls: Strong access controls, such as multi-factor authentication and role-based access, should be implemented to limit unauthorised access to avionics systems. Only authorised personnel should have the necessary privileges to interact with these critical systems.
Conclusion
Inflight internet access systems bring convenience and connectivity to air travel but also introduce potential risks to the security of aircraft systems. It is crucial to understand and address the vulnerabilities associated with these systems to protect networked avionics and ensure passenger safety. By implementing robust security measures, conducting regular assessments, fostering collaboration, and adopting a comprehensive approach to aircraft cybersecurity, the aviation industry can mitigate the risks and navigate the sky with enhanced safety and confidence. Inflight internet access systems and networked avionics are vital components of modern aircraft, providing connectivity and supporting critical flight operations. Balancing connectivity and cybersecurity is crucial to ensure the safety and integrity of aircraft systems.
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