#FactCheck - Debunked: AI-Generated Image Circulating as April Solar Eclipse Snapshot

Introduction
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Generative AI, particularly deepfake technology, poses significant risks to security in the financial sector. Deepfake technology can convincingly mimic voices, create lip-sync videos, execute face swaps, and carry out other types of impersonation through tools like DALL-E, Midjourney, Respeecher, Murf, etc, which are now widely accessible and have been misused for fraud. For example, in 2024, cybercriminals in Hong Kong used deepfake technology to impersonate the Chief Financial Officer of a company, defrauding it of $25 million. Surveys, including Regula’s Deepfake Trends 2024 and Sumsub reports, highlight financial services as the most targeted sector for deepfake-induced fraud.

Deepfake Technology and Its Risks to Financial Systems

India’s financial ecosystem, including banks, NBFCs, and fintech companies, is leveraging technology to enhance access to credit for households and MSMEs. The country is a leader in global real-time payments and its digital economy comprises 10% of its GDP.  However, it faces unique cybersecurity challenges. According to the RBI’s 2023-24 Currency and Finance report, banks cite cybersecurity threats, legacy systems, and low customer digital literacy as major hurdles in digital adoption. Deepfake technology intensifies risks like:

• Social Engineering Attacks: Information security breaches through phishing, vishing, etc. become more convincing with deepfake imagery and audio.
• Bypassing Authentication Protocols: Deepfake audio or images may circumvent voice and image-based authentication systems, exposing sensitive data.
• Market Manipulation: Misleading deepfake content making false claims and endorsements can harm investor trust and damage stock market performance.
• Business Email Compromise Scams: Deepfake audio can mimic the voice of a real person with authority in the organization to falsely authorize payments.
• Evolving Deception Techniques: The usage of AI will allow cybercriminals to deploy malware that can adapt in real-time to carry out phishing attacks and inundate targets with increased speed and variations. Legacy security frameworks are not suited to countering automated attacks at such a scale.

Existing Frameworks and Gaps

In 2016, the RBI introduced cybersecurity guidelines for banks, neo-banking, lending, and non-banking financial institutions, focusing on resilience measures like Board-level policies, baseline security standards, data leak prevention, running penetration tests, and mandating Cybersecurity Operations Centres (C-SOCs). It also mandated incident reporting to the RBI for cyber events. Similarly, SEBI’s Cybersecurity and Cyber Resilience Framework (CSCRF) applies to regulated entities (REs) like stock brokers, mutual funds, KYC agencies, etc., requiring policies, risk management frameworks, and third-party assessments of cyber resilience measures. While both frameworks are comprehensive, they require updates addressing emerging threats from generative AI-driven cyber fraud.

Cyberpeace Recommendations 

• AI Cybersecurity to Counter AI Cybercrime: AI-generated attacks can be designed to overwhelm with their speed and scale. Cybercriminals increasingly exploit platforms like LinkedIn, Microsoft Teams, and Messenger, to target people.  More and more organizations of all sizes will have to use AI-based cybersecurity for detection and response since generative AI is becoming increasingly essential in combating hackers and breaches.
• Enhancing Multi-factor Authentication (MFA):  With improving image and voice-generation/manipulation technologies, enhanced authentication measures such as token-based authentication or other hardware-based measures, abnormal behaviour detection, multi-device push notifications, geolocation verifications, etc. can be used to improve prevention strategies.  New targeted technological solutions for content-driven authentication can also be implemented.
• Addressing Third-Party Vulnerabilities: Financial institutions often outsource operations to vendors that may not follow the same cybersecurity protocols, which can introduce vulnerabilities. Ensuring all parties follow standardized protocols can address these gaps.
• Protecting Senior Professionals: Senior-level and high-profile individuals at organizations are at a greater risk of being imitated or impersonated since they hold higher authority over decision-making and have greater access  to sensitive information. Protecting their identity metrics through technological interventions is of utmost importance.
• Advanced Employee Training:  To build organizational resilience, employees must be trained to understand how generative and emerging technologies work. A well-trained workforce can significantly lower the likelihood of successful human-focused human-focused cyberattacks like phishing and impersonation.
• Financial Support to Smaller Institutions: Smaller institutions may not have the resources to invest in robust long-term cybersecurity solutions and upgrades. They require financial and technological support from the government to meet requisite standards.

Conclusion

According to The India Cyber Threat Report 2025 by the Data Security Council of India (DSCI) and Seqrite, deepfake-enabled cyberattacks, especially in the finance and healthcare sectors, are set to increase in 2025. This has the potential to disrupt services, steal sensitive data, and exploit geopolitical tensions, presenting a significant risk to the critical infrastructure of India. 

As the threat landscape changes,  institutions will have to continue to embrace AI and Machine Learning (ML) for threat detection and response. The financial sector must prioritize robust cybersecurity strategies, participate in regulation-framing procedures, adopt AI-based solutions, and enhance workforce training, to safeguard against AI-enabled fraud. Collaborative efforts among policymakers, financial institutions, and technology providers will be essential to strengthen defenses.

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Sources 

• https://sumsub.com/newsroom/deepfake-cases-surge-in-countries-holding-2024-elections-sumsub-research-shows/ 
• https://www.globenewswire.com/news-release/2024/10/31/2972565/0/en/Deepfake-Fraud-Costs-the-Financial-Sector-an-Average-of-600-000-for-Each-Company-Regula-s-Survey-Shows.html 
• https://www.sipa.columbia.edu/sites/default/files/2023-05/For%20Publication_BOfA_PollardCartier.pdf 
• https://edition.cnn.com/2024/02/04/asia/deepfake-cfo-scam-hong-kong-intl-hnk/index.html 
• https://www.rbi.org.in/Commonman/English/scripts/Notification.aspx?Id=1721 
• https://elplaw.in/leadership/cybersecurity-and-cyber-resilience-framework-for-sebi-regulated-entities/ 
• https://economictimes.indiatimes.com/tech/artificial-intelligence/ai-driven-deepfake-enabled-cyberattacks-to-rise-in-2025-healthcarefinance-sectors-at-risk-report/articleshow/115976846.cms?from=mdr 

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Introduction

The world has been riding the wave of technological advancements, and the fruits it has born have impacted our lives. Technology, by its virtue, cannot be quantified as safe or unsafe it is the application and use of technology which creates the threats. Its times like this, the importance and significance of policy framework are seen in cyberspace. Any technology can be governed by means of policies and laws only. In this blog, we explore the issues raised by the EU for the tech giants and why the Indian Govt is looking into probing Whatsapp.

EU on Big Techs

Eu has always been seen to be a strong policy maker for cyberspace, and the same can be seen from the scope, extent and compliance of GDPR. This data protection bill is the holy grail for worldwide data protection bills. Apart from the GDPR, the EU has always maintained strong compliance demographics for the big tech as most of them have originated outside of Europe, and the rights of EU citizens come into priority above anything else.

New Draft Notification

According to the draft of the new notification, Amazon, Google, Microsoft and other non-European Union cloud service providers looking to secure an EU cybersecurity label to handle sensitive data can only do so via a joint venture with an EU-based company. The document adds that the cloud service must be operated and maintained from the EU, all customer data must be stored and processed in the EU, and EU laws take precedence over non-EU laws regarding the cloud service provider. Certified cloud services are operated only by companies based in the EU, with no entity from outside the EU having effective control over the CSP (cloud service provider) to mitigate the risk of non-EU interfering powers undermining EU regulations, norms and values.

This move from the EU is still in the draft phase however, it is expected to come into action soon as issues related to data breaches of EU citizens have been reported on numerous occasions. The document said the tougher rules would apply to personal and non-personal data of particular sensitivity where a breach may have a negative impact on public order, public safety, human life or health, or the protection of intellectual property.

How will it secure the netizens?

Since the EU has been the leading policy maker in cyberspace, it is often seen that the rules and policies of the EU are often replicated around the world. Hence this move comes at a critical time as the EU is looking towards safeguarding the EU netizens and the Cyber security industry in the EU by allowing them to collaborate with big tech while maintaining compliance. Cloud services can be protected by this mechanism, thus ensuring fewer instances of data breaches, thus contributing to a dip in cyber crimes and attacks.

The Indian Govt on WhatsApp

The Indian Govt has decided to probe Whatsapp and its privacy settings. One of the Indian Whatsapp users tweeted a screenshot of WhatsApp accessing the phone’s mic even when the phone was not in use, and the app was not open even in the background. The meta-owned Social messaging platform enjoys nearly 487 million users in India, making it their biggest market. The 2018 judgement on Whatsapp and its privacy issues was a landmark judgement, but the platform is in violation of the same.

The MoS, Ministry of Electronics and Information Technology, Rajeev Chandrashekhar, has already tweeted that the issue will be looked into and that they will be punished if the platform is seen violating the guidelines. The Digital Personal Data Protection Bill is yet to be tabled at the parliament. Still, despite the draft bill being public, big platforms must maintain the code of conduct to maintain compliance when the bill turns into an Act.

Threats for Indian Users

The Indian Whatsapp user contributes to the biggest user base un the world, and still, they are vulnerable to attacks on WhatsApp and now WhatsApp itself. The netizens are under the following potential threats –

• Data breaches
• Identity theft
• Phishing scams
• Unconsented data utilisation
• Violation of Right to Privacy
• Unauthorised flow of data outside India
• Selling of data to a third party without consent

The Indian netizen needs to stay vary of such issues and many more by practising basic cyber safety and security protocols and keeping a check on the permissions granted to apps, to keep track of one’s digital footprint.

Conclusion

Whether it’s the EU or Indian Government, it is pertinent to understand that the world powers are all working towards creating a safe and secured cyberspace for its netizens. The move made by the EU will act as a catalyst for change at a global level, as once the EU enforces the policy, the world will soon replicate it to safeguard their cyber interests, assets and netizens. The proactive stance of the Indian Government is a crucial sign that the things will not remain the same in the Indian Cyber ecosystem, and its upon the platforms and companies to ensure compliance, even in the absence of a strong legislation for cyberspace. The government is taking all steps to safeguard the Indian netizen, as the same lies in the souls and spirit of the new Digital India Bill, which will govern cyberspace in the near future. Still, till then, in order to maintain the synergy and equilibrium, it is pertinent for the platforms to be in compliance with the laws of natural justice.

In an exciting milestone achieved by CyberPeace, an ICANN APRALO At-Large organization, in collaboration with the Internet Corporation for Assigned Names and Numbers (ICANN), has successfully deployed and made operational an L-root server instance in Ranchi, Jharkhand. This initiative marks a significant step toward enhancing the resilience, speed, and security of internet connectivity in eastern India.

Understanding the DNS hierarchy – Starting from Root

Internet users access online information through different domain names and interactions with any web browser takes place through IP (Internet Protocol) addresses. Domain Name System (DNS) functions as the internet's equivalent of Yellow Pages or the phonebook of cyberspace. When a person uses a domain name like www.cyberpeace.org to access a website, their browser communicates with the internet protocol, and DNS converts the domain name to the corresponding IP address so that web browsers may load the web pages. The function of a DNS is to convert domain names to Internet Protocol addresses. It enables the respective browsers to load the resources from the Internet.

When a user types a domain name into your browser, a DNS query works behind the scenes to find the website’s IP address. First, your device asks a DNS resolver—often provided by your ISP or a third-party service—for the address. The resolver checks its cache for a match, and if none is found, it queries a root server to locate the top-level domain (TLD) server (like .com or .org). The resolver then asks the TLD server for the Authoritative nameserver responsible for the particular domain, which provides the specific IP address. Finally, the resolver sends this address back to your device, enabling it to connect to the website’s server and load the page. The entire process happens in milliseconds, ensuring seamless browsing.

Special focus on Root Server:

A root server is a name server that directly answers queries for records in the root zone and redirects requests for more specific domains to the appropriate top-level domain (TLD) servers. Root servers are an integral part of this system, acting as the first step in resolving a domain name into its corresponding IP address. They provide the initial direction needed to locate the authoritative servers for any domain.

The DNS root zone is served by 13 unique IP addresses, supported by hundreds of redundant root servers distributed worldwide connected through Anycast Routing to manage requests efficiently. As of January 8, 2025, the global root server system consists of 1921 instances operated by 12 independent root server operators. These servers ensure the smooth functioning of the internet by managing the backbone of DNS queries.

Type of Root Server Instances:

Well, in this regard,  there are two types of root server instances that can be found– Global instance and Local instance. 

Global root server instances are the primary root servers distributed strategically around the world. Local instances, on the other hand, are replicas of these global servers deployed in specific regions to handle local DNS traffic more efficiently. In each operator's list of sites, some instances are marked as global (globe icon) and some are marked as local (flag icon). The difference is in how widely available that instance will be, because of how routing for that instance is done. Recall that the routes for an instance are announced by BGP, the inter-domain routing protocol.

For global instances, the route advertisement is permitted to spread throughout the Internet, i.e., any router on the Internet could know the path to that instance. Of course, for a particular source, the route to that instance may not be the optimal route, so some other instance could be chosen as the destination.

With a local instance, however, the route advertisement is limited to only nearby networks. For example, the instance may be visible to just one ISP, or to ISPs that connect at a particular exchange point. Sources from farther away will not be able to see and query that local instance.

Deployment in Ranchi - The Journey & Significance:

CyberPeace in Collaboration with ICANN has successfully deployed an L-root server instance in Ranchi, marking a significant milestone in enhancing regional Internet infrastructure. This deployment, part of a global network of root servers, ensures faster and more reliable DNS query resolution for the region, reducing latency and enhancing cybersecurity. 

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The Journey of deploying the L-Root instance in Collaboration with ICANN followed the steps-
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• Signing the Agreement: Finalized the L-SINGLE Hosting Agreement with ICANN to formalize the partnership.
• Procuring the Hardware: Acquired the required hardware appliance to meet technical standards for hosting the L-root server.
• Setup and Installation: Configured and installed the appliance to prepare it for seamless operation.
• Joining the Anycast Network: Integrated the server into ICANN's global Anycast network using BGP (Border Gateway Protocol) for efficient DNS traffic management.

The deployment of the L-root server in Ranchi marks a significant boost to the region’s digital ecosystem. It accelerates DNS query resolution, reducing latency and enhancing internet speed and reliability for users.

This instance strengthens cyber defenses by mitigating Distributed Denial of Service (DDoS) risks and managing local traffic efficiently. It also underscores Eastern India’s advanced digital infrastructure, aligning with initiatives like Digital India to meet evolving digital demands.

By handling local queries, the L-root server eases the load on global servers, contributing to a more stable and resilient global internet.

CyberPeace’s Commitment to a Secure and resilient Cyberspace

As an organization dedicated to promoting peace, security and resilience in cyberspace, CyberPeace views this collaboration with ICANN as a significant achievement in its mission. By strengthening the internet’s backbone in eastern India, this deployment underscores our commitment to enabling a secure, accessible, and resilient digital ecosystem. 

Way forward and Roadmap for Strengthening India’s DNS Infrastructure:

The successful deployment of the L-root instance in Ranchi is a stepping stone toward bolstering India's digital ecosystem. CyberPeace aims to promote awareness about DNS infrastructure through workshops and seminars, emphasizing its critical role in a resilient digital future.

With plans to deploy more such root server instances across India, the focus is on expanding local DNS infrastructure to enhance efficiency and security. Collaborative efforts with government agencies, ISPs, and tech organizations will drive this vision forward. A robust monitoring framework will ensure optimal performance and long-term sustainability of these initiatives.

Conclusion

The deployment of the L-root server instance in Eastern India represents a monumental step toward strengthening the region’s digital foundation. As Ranchi joins the network of cities hosting root server instances, the benefits will extend not only to the local community but also to the global internet ecosystem. With this milestone, CyberPeace reaffirms its commitment to driving innovation and resilience in cyberspace, paving the way for a more connected and secure future.

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