#FactCheck - "Deepfake Video Falsely Claims Justin Trudeau Endorses Investment Project”

Introduction

A 33-year-old MBA graduate and 36-year-old software engineer set up the cybercrime hub in one bedroom. They formed the nameless private enterprise two years ago and hired the two youngsters as employees. The police revealed that the fraudsters moved Rs 854 crore rapidly through 84 bank accounts in the last two years. They were using eight mobile phones active during the day and night for their malicious operations. This bad actors group came in the eyes of the police when a 26-year-old woman filed a complaint, she was lured and cheated for Rs 8.5 lakh on the pretext of making small investments for high returns. It led to cyber crime police on their doorstep. The police discovered that they were operating a massive cyber fraud network from that single room, targeting a large number of people for committing cyber fraud through offering investment schemes and luring innocent people. 

How cybercrime fraudsters lured the victims?

The Bangalore police have busted a cyber fraud scam worth 854 Crore rupees. And police have arrested 6 accused. These bad actors illegally deceived numerous victims on the pretext of investment schemes. The gang used to lure them through WhatsApp and Telegram. Initially, the people were asked to invest small amounts, promising daily profits ranging from 1 thousand to 5 thousand rupees. As the trust grew, thousands of victims indulged in investments ranging from 1 lack to 10 lack rupees. This Money luring modus operandi was used by the fraudsters to attract them and get the victims to invest more and more. The amount invested by the victims was deposited into various bank accounts by the fraudsters. When the victims tried to withdraw their amount after depositing they were unable to do so. Soon after the amount was received, the accused gang would launder the money and divert it to other accounts. 

Be cautious of online investment fraud 

It concerns all of us who used to invest online. The Bangalore police have busted cyber crime or cyber investment fraud of 854 crore rupees. The 6 members of the gang that the police have arrested used to approach victims through WhatsApp and telegram to convince them to invest small amounts, from 1 thousand to 10 thousand at the bare minimum and promising them returns or profit amount per day and later lock this amount and diverting it into different bank accounts, ensuring that those get invested never get access to it again.  Now, this went on in the country receiving a large number of cases that have been registered from various states in the country. 

Advisory and best practices

• It is important to mention that there could be several other cybercrime investment frauds like this that you may not even be aware of. Hence, this incident of massive online investment fraud operated from the IT capital of the country definitely acts as an eye-opener for all of us. We urge people to be cautious and raise the alarm about any such cyber crime or investment fraud that they see in the cyber world today. 
• In the age of the internet, where there is a large number of mobile users in the country, and users look for a source of income on the internet and use it to invest their money, it is important to be aware of such fraud and be cautious and take proper precautions before investing in any such online scheme. It is always advisable to invest only in legitimate sources and after conducting due diligence.
• Be cautious and do your research: Whenever you are investing in any scheme or in digital currency, make sure to verify the authenticity or legitimacy of the person or company who is offering such service. Check the reviews, official website, and feedback from authentic sources. Find out whether the agents or brokers who contact you are licensed to operate in your state and are compliant with regulators or other investors. 
• Verify the credentials: Check the genuineness by checking the licenses, registration and certification of the person or company offering such services, whether he is authorised or not.
• Be Skeptical of offers which seem to be too good: If it sounds too good, be cautious and inquire about its authenticity, such as unsolicited offers. Be especially careful if you receive an unsolicited pitch to invest in a particular company or see it praised online but if you could not find current financial information about it from independent sources. It could be a fraudulent scheme. It is advisable to compare promised yields with current returns on well-known stock indexes.
• Seek Expert Advice: If you are a beginner in online investment, you may seek advice from reliable resources such as financial advisors who can provide more clarity on aspects of investment and guidance to help you make informed decisions.
• Avoid Unreliable Platforms: Be cautious and stick to authorised established agencies. Be cautious when dealing with a person or company lacking sufficient user reviews and credible security measures.
• Protect yourself online: Protect yourself online. Fraudsters target users on online and social marketing sites and commit various online frauds; hence, it's important to be cautious and protect yourself online. So be cautious and make your own sound decision after all analysis while investing in any such services. 
• Report Suspicious Accounts: If you encounter any social media accounts, social media groups or profiles which seem suspicious and engaged in fraudulent services, you must report such profiles to the respective platform immediately.
• Report cyber crimes to law enforcement agencies: A powerful resource available to victims of cybercrime is the National Cyber Crime Reporting Portal, equipped with a 24x7 helpline number, 1930. This portal serves as a centralised platform for reporting cybercrimes, including financial fraud.

Conclusion:

This recent cyber investment fraud worth Rs 854 Crore, orchestrated by a group of fraudsters operating from a single room, serves as a stark reminder of the risks posed by bad actors. This incident underscores the importance of being vigilant when it comes to online investments and financial transactions. As we navigate the vast and interconnected landscape of the internet, it is imperative that we exercise due diligence and employ best practices to protect ourselves. We need to be cautious and protected from falling victim to these fraudulent schemes, actively reporting suspicious accounts and cybercrimes to relevant authorities through resources like the National Cyber Crime Reporting Portal will contribute to helping stop these types of cyber crimes. Knowledge and awareness are some of the biggest factors we have in fighting back against such cyber frauds in this digital age and making a safer digital environment for everyone.

References

• https://www.news18.com/india/bengaluru-cyber-crime-rs-854-crore-84-banks-accounts-fraud-network-one-bedroom-house-yelahanka-karnataka-8618426.html
• https://indianexpress.com/article/cities/bangalore/cyber-crime-bengaluru-links-over-5000-cases-india-8982753/lite/

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Introduction

The rise of unreliable social media newsgroups on online platforms has significantly altered the way people consume and interact with news, contributing to the spread of misinformation and leading to sources of unverified and misleading content. Unlike traditional news outlets that adhere to journalistic standards, these newsgroups often lack proper fact-checking and editorial oversight, leading to the rapid dissemination of false or distorted information. Social media transformed individuals into active content creators. Social media newsgroups (SMNs) are social media platforms used as sources of news and information. According to a survey by the Pew Research Center (July-August 2024), 54% of U.S. adults now rely on social media for news. This rise in SMNs has raised concerns over the integrity of online news and undermines trust in legitimate news sources. Social media users are advised to consume information and news from authentic sources or channels available on social media platforms.

The Growing Issue of Misinformation in Social Media Newsgroups

Social media newsgroups have become both a source of vital information and a conduit for misinformation. While these platforms allow rapid news sharing and facilitate political and social campaigns, they also pose significant risks of unverified information. Misleading information, often driven by algorithms designed to maximise user engagement, proliferates in these spaces. This has led to increasing challenges, as SMNs cater to diverse communities with varying political affiliations, gender demographics, and interests. This sometimes results in the creation of echo chambers where information is not critically assessed, amplifying the confirmation bias and enabling the unchecked spread of misinformation. A prominent example is the false narratives surrounding COVID-19 vaccines that spread across SMNs, contributing to widespread vaccine hesitancy and public health risks.

Understanding the Susceptibility of Online Newsgroups to Misinformation

Several factors make social media newsgroups particularly susceptible to misinformation. Some of the factors are listed below:

• The lack of robust fact-checking mechanisms in social media news groups can lead to false narratives which can spread easily. 
• The lack of expertise from admins of online newsgroups, who are often regular users without journalism knowledge, can result in the spreading of inaccurate information. Their primary goal of increasing engagement may overshadow concerns about accuracy and credibility.
• The anonymity of users exacerbates the problem of misinformation. It allows users to share unverified or misleading content without accountability. 
• The viral nature of social media also leads to the vast spread of misinformation to audiences instantly, often outpacing efforts to correct it.
• Unlike traditional media outlets, online newsgroups often lack formal fact-checking processes. This absence allows misinformation to circulate without verification, making it easier for inaccuracies to go unchallenged.
• The sheer volume of user engagement in the form of posts has created the struggle to moderate content effectively imposing significant challenges.
• Social Media Platforms have algorithms designed to enhance user engagement and inadvertently amplify sensational or emotionally charged content, which is more likely to be false.

Consequences of Misinformation in Newsgroups 

The societal impacts of misinformation in SMNs are profound. Political polarisation can fuel one-sided views and create deep divides in democratic societies. Health risks emerge when false information spreads about critical issues, such as the anti-vaccine movements or misinformation related to public health crises. Misinformation has dire long-term implications and has the potential to destabilise governments and erode trust in media, in both traditional and social media leading to undermining democracy. If unaddressed, the consequences could continue to ripple through society, perpetuating false narratives that shape public opinion.

Steps to Mitigate Misinformation in Social Media Newsgroups 

• Educating users in social media literacy education can empower critical assessment of the information encountered, reducing the spread of false narratives. 
• Introducing stricter platform policies, including penalties for deliberately sharing misinformation, may act as a deterrent against sharing unverified information. 
• Collaborative fact-checking initiatives with involvement from social media platforms, independent journalists, and expert organisations can provide a unified front against the spread of false information.
• From a policy perspective, a holistic approach that combines platform responsibility with user education and governmental and industry oversight is essential to curbing the spread of misinformation in social media newsgroups.

Conclusion 

The emergence of Social media newsgroups has revolutionised the dissemination of information.  This rapid spread of misinformation poses a significant challenge to the integrity of news in the digital age. It gets further amplified by algorithmic echo chambers unchecked user engagement and profound societal implications. A multi-faceted approach is required to tackle these issues, combining stringent platform policies, AI-driven moderation, and collaborative fact-checking initiatives. User empowerment concerning media literacy is an important factor in promoting critical thinking and building cognitive defences. By adopting these measures, we can better navigate the complexities of consuming news from social media newsgroups and preserve the reliability of online information. Furthermore, users need to consume news from authoritative sources available on social media platforms. 

References

• https://www.theguardian.com/technology/2024/sep/24/social-media-owners-survey-misinformation-online-news
• https://pirg.org/edfund/articles/misinformation-on-social-media/ ‍
• https://www.igi-global.com/dictionary/mobile-based-social-media-what-is-cutting/77292

Introduction:

The Indian Ministry of Communications has come up with a feature known as "Quick SMS Header Information" to provide citizens with more control over their messaging services. This feature would help users access crucial information about the sender through text message, therefore making the details readily available at their fingertips.

The Quick SMS Header service is the key to providing users with the feature to ensure that they are receiving messages from the correct source. Users can instantly learn all the necessary data about the sender of a certain SMS. This data is invaluable for making the distinction between real messages and suspicious spam or phishing, so the user can have a higher level of defense against online threats and scam activities.

Importance of Checking the Header:

1. Authenticity Verification: SMS header data represents another way to confirm the sender. This feature keeps the end user from wrongly assuming that the SMS is from a trusted source or an unknown sender. Hence, the end user is able to make a choice about the authenticity of the message.

2. Mitigating Spam and Phishing: The rise of SMS and phishing scams has created some significant hurdles for users in the process of differentiating between real and fake messages. Through the Quick SMS Header Information service, people will be able to look up any suspicious messages in order to be able to take appropriate steps to prevent links that lead to malicious websites or requests for personal information.

3. Enhancing User Security: The SMS header information plays an important role in ensuring that the user is secure and has no privacy issues.  The checking of the message headers will help us limit the possibilities of bad activities and reduce the chances of being a victim of cybercriminals.

4. Empowering Consumer Awareness: This feature is designed to encourage the people involved  to take responsibility for the security of their devices and establish a safer and more dependable digital platform.

Benefits:

• Enhanced Transparency: By giving access to the header information to the users, it is transparency that is promoted within the telecommunications ecosystem.
• Empowered Decision-Making: Now that users have information about the SMS header, they can make informed decisions regarding their communications and privacy.
• Efficient Resolution of Concerns: The Quick SMS Header Information serves the purpose of providing the needed resolution by telling us the message’s origin in cases where users come across any suspicious messages.
• User-Friendly Interface: With its easy and clear process, this feature caters to users of all technical proficiency levels, ensuring accessibility for all.

Working:

1. Compose Your SMS: Write a message with the header you wish to find the information about. For example, if you want to know details about a header labeled "SBIINB," your SMS should be in the format "DETAILS OF SBIINB." Note, all letters are in capital only.

2. Send it to 1909: Once your message is ready, send it to: 1909. Please note, this may charge you depending upon your current plan. 

3. Receive Response: The response to your SMS will be sent to you by the concerned telecommunication service provider or directly by 1909, a few seconds after you have sent your message. This response will have the data associated with the header above.

Another method to find SMS header information:

TRAI (Telecom Regulatory Authority of India) has made a tool on the webpage (https://smsheader.trai.gov.in/) to check for the SMS header associated with the message. 

TRAI has also mandated header registration for messages pertaining to transactional or promotional purposes. This has helped people identify the SMS header by simply looking into the database as made by TRAI.

Steps:

1. Go to https://smsheader.trai.gov.in/. The page looks like as shown below:

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2. Enter your Email, Name and complete the captcha under the Download/View Header Details and click on continue

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3. Enter the OTP received on your email with the captcha and click on continue

4. Now enter your SMS header in the format of AA-AAAA, where “AA” is your prefix and “AAAA” is your header name. For example, we have taken “AX-HDFCBK” as our sample header, so “AX” is our prefix and “HDFCBK” is our header name.

5. As soon as we press enter, the site returns the query with the information of the header, as shown below

Conclusion:

The importance of checking SMS headers is something that simply cannot be overemphasized. This is the principal procedure for identifying incoming messages as authentic, and on that basis, the users are able to make informed choices about the messages they receive. It also contributes to the rise of user safety and privacy.

The development of more transparent controls and a stronger decision-making process will make it easier for users to handle their digital lives. The Quick SMS Header Information service is easy and convenient to use, as its interface is simple and understandable for users of all technical levels.

In addition to this, TRAI's attempt to make available an online tool for the maintenance of a comprehensive database of SMS headers strengthens its position towards ensuring security for its users in the telecommunications sector.

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