#FactCheck - "Viral Video Misleadingly Claims Surrender to Indian Army, Actually Shows Bangladesh Army”

Introduction

Advanced deepfake technology blurs the line between authentic and fake. To ascertain the credibility of the content it has become important to differentiate between genuine and manipulated or curated online content highly shared on social media platforms. AI-generated fake voice clone, videos are proliferating on the Internet and social media. There is the use of sophisticated AI algorithms that help manipulate or generate synthetic multimedia content such as audio, video and images. As a result, it has become increasingly difficult to differentiate between genuine, altered, or fake multimedia content. McAfee Corp., a well-known or popular global leader in online protection, has recently launched an AI-powered deepfake audio detection technology under Project “Mockingbird” intending to safeguard consumers against the surging threat of fabricated or AI-generated audio or voice clones to dupe people for money or unauthorisly obtaining their personal information. McAfee Corp. announced its AI-powered deepfake audio detection technology, known as Project Mockingbird, at the Consumer Electronics Show, 2024.

What is voice cloning?

To create a voice clone of anyone's, audio can be deeplyfaked, too, which closely resembles a real voice but, in actuality, is a fake voice created through deepfake technology. 

Emerging Threats: Cybercriminal Exploitation of Artificial Intelligence in Identity Fraud, Voice Cloning, and Hacking Acceleration

AI is used for all kinds of things from smart tech to robotics and gaming. Cybercriminals are misusing artificial intelligence for rather nefarious reasons including voice cloning to commit cyber fraud activities. Artificial intelligence can be used to manipulate the lips of an individual so it looks like they're saying something different, it could also be used for identity fraud to make it possible to impersonate someone for a remote verification for your bank and it also makes traditional hacking more convenient. Cybercriminals have been misusing advanced technologies such as artificial intelligence, which has led to an increase in the speed and volume of cyber attacks, and that's been the theme in recent times.

Technical Analysis

To combat Audio cloning fraudulent activities, McAfee Labs has developed a robust AI model that precisely detects artificially generated audio used in videos or otherwise.

• Context-Based Recognition: Contextual assessment is used by technological devices to examine audio components in the overall setting of an audio. It improves the model's capacity to recognise discrepancies suggestive of artificial intelligence-generated audio by evaluating its surroundings information.
• Conductual Examination: Psychological detection techniques examine linguistic habits and subtleties, concentrating on departures from typical individual behaviour. Examining speech patterns, tempo, and pronunciation enables the model to identify artificially or synthetically produced material.
• Classification Models: Auditory components are categorised by categorisation algorithms for detection according to established traits of human communication. The technology differentiates between real and artificial intelligence-synthesized voices by comparing them against an extensive library of legitimate human speech features.
• Accuracy Outcomes: McAfee Labs' deepfake voice recognition solution, which boasts an impressive ninety per cent success rate, is based on a combined approach incorporating psychological, context-specific, and categorised identification models. Through examining audio components in the larger video context and examining speech characteristics, such as intonation, rhythm, and pronunciation, the system can identify discrepancies that could be signs of artificial intelligence-produced audio. Categorical models make an additional contribution by classifying audio information according to characteristics of known human speech. This all-encompassing strategy is essential for precisely recognising and reducing the risks connected to AI-generated audio data, offering a strong barrier against the growing danger of deepfake situations.
• Application Instances: The technique protects against various harmful programs, such as celebrity voice-cloning fraud and misleading content about important subjects.

Conclusion

It is important to foster ethical and responsible consumption of technology. Awareness of common uses of artificial intelligence is a first step toward broader public engagement with debates about the appropriate role and boundaries for AI. Project Mockingbird by Macafee employs AI-driven deepfake audio detection to safeguard against cyber criminals who are using fabricated AI-generated audio for scams and manipulating the public image of notable figures, protecting consumers from financial and personal information risks. 

References:

• https://www.cnbctv18.com/technology/mcafee-deepfake-audio-detection-technology-against-rise-in-ai-generated-misinformation-18740471.htm
• https://www.thehindubusinessline.com/info-tech/mcafee-unveils-advanced-deepfake-audio-detection-technology/article67718951.ece
• https://lifestyle.livemint.com/smart-living/innovation/ces-2024-mcafee-ai-technology-audio-project-mockingbird-111704714835601.html
• https://news.abplive.com/fact-check/audio-deepfakes-adding-to-cacophony-of-online-misinformation-abpp-1654724

Overview:

The National Payments Corporation of India (NPCI) officially revealed on the 31st of July 2024 that its client C-Edge Technologies had been subject to a ransomware attack. These circumstances have caused C-Edge to be separated from retail payment systems to  eliminate more threats to the national payment systems. More than 200 cooperative and regional rural banks have been affected leading to disruptions in normal services including ATM withdrawals and UPI transactions.

About C-Edge Technologies:

C-Edge Technologies was founded in the year 2010 especially to meet the specific requirements of the Indian banking and other allied sectors accentuating more on the cooperative and the regional rural banks. The company offers a range of services such as Core Banking Solutions by functioning as the center of a bank where customers’ records are managed and accounting of transactions takes place, Payment Solutions through the implementation of payment gateways and mobile banking facilities, cybersecurity through threat detection and incident response to protect banking organizations, data analytics and AI through the analytics of big banking data to reduce risks and detect frauds.

Details of Ransomware attack:

Reports say, this ransomware attack has been attributed by the RansomEXX group which primarily targeted Brontoo Technology Solutions, a key collaborator with  C-Edge, through a misconfigured Jenkins server, which allowed unauthorized access to the systems.

The RansomExx group also known as Defray777 or Ransom X utilized a sophisticated variant known as RansomEXX v2.0 to execute the attack. This group often targets large organizations and demands substantial ransoms.  RansomEXX uses various malware tools such as IcedID, Vatet Loader, and PyXie RAT. It typically infiltrates systems through phishing emails, exploiting vulnerabilities in applications and services, including Remote Desktop Protocol (RDP).  The ransomware encrypts files using the Advanced Encryption Standard (AES), with the encryption key further secured using RSA encryption. This dual-layer encryption complicates recovery efforts for victims. RansomEXX operates on a ransomware-as-a-service model, allowing affiliates to conduct attacks using its infrastructure. Earlier in 2021,  it attacked StarHub and Gigabyte’s servers for ransome.

Impact due to the attack:

The immediate consequences of the ransomware attack include:

• Service Disruption: This has negative implications to consumers especially the citizens who use the banks to do their day to day banking activities such as withdrawals and online transactions. Among the complaints some of them relate to cases where the sender’s account has been debited without the corresponding credit to the receiver account.

• Isolation Measures: Likely, NPCI is already following the right measures as it had disconnected C-Edge from its networks to contain the proliferation of the ransomware. This decision was made as a precautionary measure so that all functional aspects in a larger financial system are safeguarded.

Operations resumed:

The National Payments Corporation of India (NPCI) said it has restored connectivity with C-Edge Technologies Ltd after the latter’s network connection was severed by NPCI over security concerns that were evaluated by an external forensic auditing firm. The audit affirmed that all affected systems were contained in order to avoid the occurrence of ransomware attack contagion. All the affected systems were localized in C-Edge’s data center and no repercussion was evidenced regarding the infrastructure of the cooperative banks or the regional rural banks that are involved in the business. Both NPCI and C-Edge Technologies have resumed normalcy so that the banking and financial services being offered by these banks remain safe and secure.

Major Implications for Banking Sector:

The attack on C-Edge Technologies raises several critical concerns for the Indian banking sector:

• Cybersecurity Vulnerabilities: It also shows the weak linkages which are present within the technology system that help smaller sized banks. Nevertheless, the service has been offered by C-Edge regarding their cybersecurity solution, this attack evidence that the securities required should improve in all types of banks and banking applications.

• Financial Inclusion Risks: Co operative and regional rural banks also have its importance in the financial inclusion especially in rural and semi urban areas. Gradually, interruptions to their services pose a risk to signal diminished improvement in financial literacy for the excluded groups contrary to the common year advancement.

• Regulatory Scrutiny: After this event, agencies such as the Reserve Bank of India (RBI) may enhance the examination of the banking sector’s cybersecurity mechanisms. Some of the directives may even require institutions to adhere to higher compliance measures regarding the defense against cyber threats.

Way Forward: Mitigation  

• Strengthening Cybersecurity: It is important to enhance the cyber security to eliminate this kind of attacks in the future. This may include using  better threat detection systems, penetration testing to find the vulnerabilities, system hardening, and network monitoring  from time to time.

• Transition to Cloud-Based Solutions: The application of adaptations in cloud solutions can contribute to the enhancement in operative efficiency as well as optimization in the utilization of resources. The security features of cloud should be implemented for  safety  and protection against cyber threats for SMEs in the banking sector.

• Leveraging AI and Data Analytics: Development of the AI-based solutions for fraud and risk control means that bank organizations get the chance to address threats and to regain clients’ trust.

Conclusion:

This ransomware attack in C-Edge Technologies in the banking sector provides a warning for all the infrastructures. Initial cleanup methodologies and quarantining are effective. The continuous monitoring of cyber security features in the infrastructure and awareness between employees helps to avoid these kinds of attacks.  Building up cyber security areas will also effectively safeguard the institution against other cyber risks in the future and fortify the confidence and reliability of the financial system, especially the regional rural banks.

Reference:

• https://www.businesstoday.in/technology/news/story/c-edge-technologies-a-deep-dive-into-the-indian-fintech-powerhouse-hit-by-major-cyberattack-439657-2024-08-01
• https://www.thehindu.com/sci-tech/technology/customers-at-several-small-sized-banks-affected-as-tech-provider-c-edge-suffers-ransomware-attack/article68470198.ece
• https://www.cnbctv18.com/technology/ransomware-attack-disrupts-over-200-co-operative-banks-regional-rural-banks-19452521.htm
• https://timesofindia.indiatimes.com/city/ahmedabad/ransomware-breach-at-c-edge-impacts-transactions-for-cooperative-banks/articleshow/112180914.cms
• https://www.emsisoft.com/en/blog/41027/ransomware-profile-ransomexx/

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Introduction

Online Gaming has gained popularity over the past few years, attracting young players worldwide and global concerns. In response to the growing fame of this industry, the Indian government has recently announced introducing a set of regulations to address various concerns and ensure a safer and more regulated online gaming environment. In this blog post, we will explore the critical aspects of these regulations and their impact on the gaming industry.

Why are Regulations needed?

Recently some games faced a ban in India – games that involve betting, games that can be harmful to the user, and games that involve a factor of addiction. Furthermore, with rising popularity, With the exponential rise of online gaming platforms in India, extensive laws to safeguard players and ensure fair gameplay needs to be implemented. Players’ protection is one of the critical factors addressing the issues which involve online addiction, underage involvement, fraud, and data privacy has become critical for the well-being of Indian gamers.

Regulatory Ambiguity: The previous legislative structure, such as the outmoded Public Gambling Act of 1867, required an update to fit the digital gambling age fully.

Outline of the New Regulations

Implementing new regulations for online gaming in India represents the government’s commitment to addressing different issues and ensuring a safer and more regulated gaming sector. Let’s have a look at these rules in detail:

National-Level Standards: The Indian government is currently working on creating national-level standards to standardise online gaming practices across all states. These rules attempt to create a uniform platform for both operators and participants. The government has also made an announcement to set SRO within 90 days to regulate online gaming.

Licencing and Compliance: To legally operate in the Indian market, online gaming firms must secure licences. The operator’s financial soundness, security measures, and adherence to responsible gaming practices will be scrutinised throughout the licencing process. Operators will need to comply with the regulations in order to maintain operations.

Measures to Promote Ethical Gaming: The new regulations emphasise player protection and ethical gaming practices. This includes steps like age verification to prevent underage involvement, self-exclusion choices for gamers who want to limit their gaming activities, and adopting tools like session limits and reality checks to promote responsible gaming.

Data Privacy: Recognising the importance of data privacy, the laws are intended to contain protections for protecting user data. To safeguard sensitive player information from unauthorised access or exploitation, online gambling operators must comply with data protection regulations and deploy strong security measures.

Restrictions on Advertising and Marketing: The legislation may limit the advertising and marketing of online gaming platforms. The emphasis will be on eliminating aggressive marketing tactics that target vulnerable people, such as kids. Stricter standards for ad content and placement may be implemented.

Anti-Fraud and Anti-Money Laundering Measures: To combat criminal activity within the gaming ecosystem, the new legislation will almost certainly force online gambling companies to employ anti-fraud and anti-money laundering measures. Operators may need to set up mechanisms to detect fraud, report suspicious activity, and work with law enforcement.

Consumer Grievance Redressal: The legislation may emphasise the construction of efficient channels for resolving consumer complaints. Players should be able to report difficulties, seek resolution, and offer feedback on their play experiences through channels. The objective is to create a transparent and accountable conflict resolution mechanism.

Impact on Online Gaming Ecosystem

Adopting new laws for online gambling in India will likely have several consequences for the gaming industry. Let us look at some of these consequences:

Increased Player Trust: Implementing restrictions will increase player confidence in online gaming platforms. Establishing clear rules and procedures and steps to safeguard participants’ interests will develop a sense of trust and transparency. This can lead to increased participation and engagement in the gaming community.

Industry Consolidation: Stricter restrictions may result in industry consolidation. Compliance with the new legislation would need resources and investments, which might favour more prominent and more established gambling firms. Smaller and more non-compliant operators may find it challenging to fulfil regulatory standards, resulting in a more consolidated gaming sector.

Technological Progress: The requirement to comply with rules could lead to technological advancements in the online gambling sector. Operators may invest in modern identity verification systems, fraud detection methods, and responsible gaming solutions to satisfy their regulatory requirements. This can result in technological breakthroughs that improve gamers’ overall gaming experience.

Foreign Investment and Collaboration: Clear laws might entice overseas investors to enter the Indian gaming business. The regulated environment may appeal to international gambling enterprises looking to enter or extend their presence in India. Collaborations between Indian and foreign gaming firms may also expand, resulting in the sharing of experience, resources, and the production of high-quality gaming products.

Legal Clarity: Implementing particular laws would give online gambling operators and users clearer legal standards. This transparency can eliminate ambiguity and possible legal issues, allowing stakeholders to navigate the gaming ecosystem with better confidence and knowledge.

Contribution to the Indian Economy: A well-regulated online gaming business has the potential to contribute to the Indian economy. It has the potential to create jobs, attract investment, and produce tax money for the government. The economic effect of the gaming ecosystem is expected to increase as it grows under the new restrictions.

Challenges and Future Approach

One of the toughest challenges will be the efficient implementation and enforcement of the new regulations. Consistency in applying the legislation across multiple jurisdictions and guaranteeing compliance by all operators would necessitate comprehensive monitoring and regulatory measures. Developing suitable enforcement organisations and transparent standards for reporting and dealing with noncompliance will be critical. Besides this, online gaming is open to more than area-specific and many gaming platforms and operates internationally. Ensuring cross-border operations is a big challenge in addressing jurisdictional challenges will be complex. Collaborative efforts between nations can regulate cross-border online gaming. There may be increased collaboration between Indian and foreign gaming firms, resulting in the exchange of information, skills, and resources. This partnership can help the Indian gaming sector flourish while attracting foreign players and investments.

Esports Development: Esports have grown in popularity worldwide, and India is no exception. The Indian esports business has the potential to thrive with proper regulation and support, drawing both players and viewers. Esports-specific factors like player contracts, tournament integrity, and licencing requirements may be addressed in the regulations.

Conclusion

Despite obstacles, India’s new online gambling legislation can potentially establish a safer and more regulated gaming sector. the future depends on successful implementation, adjusting to a shifting landscape, finding the correct balance between regulation and innovation, and promoting ethical gaming practices. The Indian online gaming business can develop sustainably with the appropriate strategy, benefiting gamers and the broader economy.