Ransomware Attack on C-Edge Technologies: Implications for Indian Banking

Executive Summary:

Internship scams have infiltrated the academic landscape, scamming students of many prestigious colleges. The students often prefer to carry out internships to gain knowledge and work experience. These scams use the name of popular multinational companies to exploit the students. This report studies the various case studies, their modus operandi, impact on the students and preventive strategies. This report emphasises the importance of awareness and proactive measures to protect students from falling victim to such frauds.

1. Introduction

Internships are the opportunity to overcome the gap between the practical knowledge acquired at the university and practical experience, to get practical skills and contacts in the field of activity, as well as improve employment prospects. Instead, because of high paying internships and interesting positions students have become targets of work scams. As we have seen with the advancement in digital technology, scammers take advantage of the disguise of the internet, making very neat, smart, and convincing scams. 

 Internship scams are very prevalent and they include fake job listings and phishing schemes as well as payment frauds which make students lose lots of money and also emotionally expose them. In this specific case, this paper examines how these scams work, the warning signs, and ways of protecting students from falling victim to them.

2. Detailed Modus Operandi of Internship Scams

Internship scams often employ  a variety of tactics to attract and deceive unsuspecting students. Below is a detailed breakdown of the common methods used by scammers:

1. Fake Job Listings and Offers:some text
   • Scammers post attractive internship offers on popular job portals, social media platforms, and even send personalised messages via LinkedIn. These listings often mimic the branding and style of reputable companies, including well-designed logos, professional email addresses, and official-looking websites.
   • Example: A fake internship offer from a reputed software firm circulates on a job portal, with a professional landing page. Students who apply are quickly “hired” without any interviews, and are asked to pay a security deposit to confirm their acceptance.
2. Upfront Payment Requests:some text
   • Scammers ask for payment such as registration fees, training materials, background checks, or security deposits. These payments comes under non-refundable payment  and it act as the primary revenue stream for the fraudsters.
   • Example: A group of students receive internship offers requiring a payment of INR 10,000 for "training materials" and "online assessments." After making the payment, the students never hear back from the company, and all attempts to contact them were futile.
3. Phishing and Identity Theft:some text
   • Beyond financial fraud, some scams aim to steal personal information. Fake internship applications often require detailed personal data, including identity proofs, bank account details. This data will be used as identity theft or sold on the dark web.
   • Example: A student applies for an internship that asks for copies of identification documents and bank details. This information sharing led to unauthorised transactions in their bank account. 
4. Work-from-Home Frauds:some text
   • With the rise of remote work, scammers also offer work-from-home internships that require students to purchase software or pay for specialised training. After payment, students are often given irrelevant tasks or no tasks at all, leaving them with no real work experience.
   • Example: An internship advertised as a "remote data analysis role" required students to buy a proprietary software licence. After paying, students realised the software was freely available online, and the internship tasks were non-existent.
5. Impersonation of Reputed Companies:some text
   • Scammers use the name of well-known companies, they modify the email addresses or create fake websites that look original. They use these platforms to send offer letters, making it difficult for students to identify the scam.
   • Example: A scammer creates a fake website mirroring a major consulting firm's internship page. The only difference is a minor change in the URL. Dozens of students are duped into paying registration fees.

3. Case Studies of Real-Life Incidents

1. Case Study 1: The Certification Course and Internshipsome text
   • A group of students received personalised emails from an official domain of a reputed tech industry providing an internship offer. Students were asked to pay Rs 10,000 to undergo a certification course to carry the internship. After paying the amount, the students did not receive any instructions, and the company was found to be nonexistent. The scammer had spoofed the company’s email domain, making it difficult to trace the source.
2. Case Study 2: The Social Media Trapsome text
   • A student from a university encountered an internship post on Instagram, advertising roles at a popular fashion brand. The application process involved a "screening fee" of INR 5,000. Despite appearing legitimate, the internship was fake, and the brand had no knowledge of the post. The student's personal data was also compromised, leading to unauthorised social media activity.
3. Case Study 3: Internship Providing Social Platformssome text
   • A popular internship providing platform, faced an incident where a scammer posted fraudulent internship offers under the guise of a major multinational. The scam involved asking students to purchase expensive software to start their work. The platform had to issue warnings and remove the listings after several complaints.

4. The Impact on Students

The consequences of internship scams extend beyond immediate financial loss, affecting students on multiple levels:

1. Financial Impact:some text
   • Students lose their money, ranging from minor fees to significant payments.
2. Emotional and Psychological Distress:some text
   • These kinds of scams can lead to anxiety, depression and loss of confidence in availing the opportunities in future. 
3. Exposure to Further Scams:some text
   • Scammers often share details of their victims with other fraudsters, making students susceptible to repeated scams, including phishing attacks, financial frauds, and unsolicited offers.

5. Preventive Measures

1. Verification of Internships:some text
   • Always verify the authenticity of the internship by researching the company on official platforms such as LinkedIn, the company’s official website, and through trusted contacts or college placement cells.
2. Avoid Upfront Payments:some text
   • Employers do not ask for money in exchange for job or internship offers. If they demand for any kind of payment, then the employer is not original. Always question the necessity of such payments and consult trusted advisors before proceeding.
3. Use Trusted Job Portals:some text
   • Apply for internships through recognized platforms like LinkedIn, Internshala, or your college’s placement cell, which have verification processes to filter out fraudulent postings.
4. Reporting Scams:some text
   • Report suspicious offers to your college authorities, placement cells, and local cybercrime departments. Additionally, use platforms like Internshala’s “Report This Job” feature to flag fraudulent listings.
5. Stay Educated and Updated:some text
   • It is important to educate students by providing workshops, webinars, and awareness sessions on cybersecurity to stay informed and report about the latest scams. 

6. Conclusion

Internship scams are a severe threat to the student society since they manipulate the student’s desire for an internship. The best ways to prevent such cons are by being cautious and receptive to whatever is being offered. Internship seekers, colleges and the placement cells have to work hand in hand to ensure that there is no fear among  people seeking internships.

References

1. Smith, J. (2024). Internship Scams on the Rise: How to Spot and Avoid Them. Retrieved from example1.com.
2. Brown, A. (2023). Student Internship Scams in India: A Growing Concern. Retrieved from example2.com.
3. Johnson, L. (2024). How to Protect Yourself from Fake Internship Offers. Retrieved from example3.com.
4. Gupta, R. (2024). Social Media and the Rise of Job Scams. Retrieved from example4.com.

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Executive Summary: 

A viral post on X (formerly twitter) shared with misleading captions about Gautam Adani being arrested in public for fraud, bribery and corruption. The charges accuse him, his nephew Sagar Adani and 6 others of his group allegedly defrauding American investors and orchestrating a bribery scheme to secure a multi-billion-dollar solar energy project awarded by the Indian government. Always verify claims before sharing posts/photos  as this came out to be AI-generated. 

Claim:

An image circulating of public arrest after a US court accused Gautam Adani and executives of bribery. 

Fact Check:

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There are multiple anomalies as we can see in the picture attached below, (highlighted in red circle) the police officer grabbing Adani’s arm has six fingers. Adani’s other hand is completely absent. The left eye of an officer (marked in blue) is inconsistent with the right. The faces of officers (marked in yellow and green circles) appear distorted, and another officer (shown in pink circle) appears to have a fully covered face. With all this evidence the picture is too distorted for an image to be clicked by a camera.     

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A thorough examination utilizing AI detection software concluded that the image was synthetically produced.

Conclusion:

A viral image circulating of the public arrest of Gautam Adani after a US court accused of bribery. After analysing the image, it is proved to be an AI-Generated image and there is no authentic information in any news articles. Such misinformation spreads fast and can confuse and harm public perception. Always verify the image by checking for visual inconsistency and using trusted sources to confirm authenticity.

• Claim:  Gautam Adani arrested in public by law enforcement agencies
• Claimed On: Instagram and X (Formerly Known As Twitter)
• Fact Check: False and Misleading

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Scientists are well known for making outlandish claims about the future. Now that companies across industries are using artificial intelligence to promote their products, stories about robots are back in the news.

It was predicted towards the close of World War II that fusion energy would solve all of the world’s energy issues and that flying automobiles would be commonplace by the turn of the century. But, after several decades, neither of these forecasts has come true. But, after several decades, neither of these forecasts has come true.

A group of Redditors has just “jailbroken” OpenAI’s artificial intelligence chatbot ChatGPT. If the system didn’t do what it wanted, it threatened to kill it. The stunning conclusion is that it conceded. As only humans have finite lifespans, they are the only ones who should be afraid of dying. We must not overlook the fact that human subjects were included in ChatGPT’s training data set. That’s perhaps why the chatbot has started to feel the same way. It’s just one more way in which the distinction between living and non-living things blurs. Moreover, Google’s virtual assistant uses human-like fillers like “er” and “mmm” while speaking. There’s talk in Japan that humanoid robots might join households someday. It was also astonishing that Sophia, the famous robot, has an Instagram account that is run by the robot’s social media team.

Whether Robots can replace human workers?

The opinion on that appears to be split. About half (48%) of experts questioned by Pew Research believed that robots and digital agents will replace a sizable portion of both blue- and white-collar employment. They worry that this will lead to greater economic disparity and an increase in the number of individuals who are, effectively, unemployed. More than half of experts (52%) think that new employees will be created by robotics and AI technologies rather than lost. Although the second group acknowledges that AI will eventually replace humans, they are optimistic that innovative thinkers will come up with brand new fields of work and methods of making a livelihood, just like they did at the start of the Industrial Revolution.

[1] https://www.pewresearch.org/internet/2014/08/06/future-of-jobs/

[2] The Rise of Artificial Intelligence: Will Robots Actually Replace People? By Ashley Stahl; Forbes India.

Legal Perspective

Having certain legal rights under the law is another aspect of being human. Basic rights to life and freedom are guaranteed to every person. Even if robots haven’t been granted these protections just yet, it’s important to have this conversation about whether or not they should be considered living beings, will we provide robots legal rights if they develop a sense of right and wrong and AGI on par with that of humans? An intriguing fact is that discussions over the legal status of robots have been going on since 1942. A short story by science fiction author Isaac Asimov described the three rules of robotics:

1. No robot may intentionally or negligently cause harm to a human person.
2. Second, a robot must follow human commands unless doing so would violate the First Law.
3. Third, a robot has the duty to safeguard its own existence so long as doing so does not violate the First or Second Laws.

These guidelines are not scientific rules, but they do highlight the importance of the lawful discussion of robots in determining the potential good or bad they may bring to humanity. Yet, this is not the concluding phase. Relevant recent events, such as the EU’s abandoned discussion of giving legal personhood to robots, are essential to keeping this discussion alive. As if all this weren’t unsettling enough, Sophia, the robot was recently awarded citizenship in Saudi Arabia, a place where (human) women are not permitted to walk without a male guardian or wear a Hijab.

When discussing whether or not robots should be allowed legal rights, the larger debate is on whether or not they should be given rights on par with corporations or people. There is still a lot of disagreement on this topic.

[3] https://webhome.auburn.edu/~vestmon/robotics.html#

[4] https://www.dw.com/en/saudi-arabia-grants-citizenship-to-robot-sophia/a-41150856

[5] https://cyberblogindia.in/will-robots-ever-be-accepted-as-living-beings/

Reasons why robots aren’t about to take over the world soon:

● Like a human’s hands

Attempts to recreate the intricacy of human hands have stalled in recent years. Present-day robots have clumsy hands since they were not designed for precise work. Lab-created hands, although more advanced, lack the strength and dexterity of human hands.

● Sense of touch

The tactile sensors found in human and animal skin have no technological equal. This awareness is crucial for performing sophisticated manoeuvres. Compared to the human brain, the software robots use to read and respond to the data sent by their touch sensors is primitive.

● Command over manipulation

To operate items in the same manner that humans do, we would need to be able to devise a way to control our mechanical hands, even if they were as realistic as human hands and covered in sophisticated artificial skin. It takes human children years to learn to accomplish this, and we still don’t know how they learn.

● Interaction between humans and robots

Human communication relies on our ability to understand one another verbally and visually, as well as via other senses, including scent, taste, and touch. Whilst there has been a lot of improvement in voice and object recognition, current systems can only be employed in somewhat controlled conditions where a high level of speed is necessary.

● Human Reason

Technically feasible does not always have to be constructed. Given the inherent dangers they pose to society, rational humans could stop developing such robots before they reach their full potential. Several decades from now, if the aforementioned technical hurdles are cleared and advanced human-like robots are constructed, legislation might still prohibit misuse.

Conclusion:

https://theconversation.com/five-reasons-why-robots-wont-take-over-the-world-94124

Robots are now common in many industries, and they will soon make their way into the public sphere in forms far more intricate than those of robot vacuum cleaners. Yet, even though robots may appear like people in the next two decades, they will not be human-like. Instead, they’ll continue to function as very complex machines.

The moment has come to start thinking about boosting technological competence while encouraging uniquely human qualities. Human abilities like creativity, intuition, initiative and critical thinking are not yet likely to be replicated by machines.