Latest news with #NitishBhatnagar
Time of India
a day ago
- Politics
- Time of India
90% of cybercrimes have now shifted to cryptocurrency platforms, say experts
Lucknow: Cryptocurrencies, which were once celebrated as a technological innovation, are now deeply embedded in illicit activities on the dark web and over 90% of cybercrimes have now shifted to platforms, making traditional policing ineffective. Tired of too many ads? go ad free now The concern was discussed on the second day of the three-day seminar organised at the Uttar Pradesh Institute of Forensic Sciences (UPSIFS). Cyber experts, law enforcement officials, and technology specialists engaged in extensive deliberations on threats emerging from the dark web, the misuse of cryptocurrencies, and the role of advanced technologies such as Artificial Intelligence (AI) and quantum computing in curbing digital crime at the seminar, conducted by Col Nitish Bhatnagar. Panelist Amir raised concerns that the dark web is being exploited not just for selling hacked data, but also for heinous crimes such as human trafficking and drug trade. He stressed that India's new Digital Data Protection Law will play a critical role in limiting such crimes. Another expert, Vishnu Narayan Sharma, underlined the anonymity and decentralised nature of the dark web, making detection difficult, but added that cutting-edge technologies could help law enforcement trace offenders. DIG Cyber Cell Pawan Kumar said the Yogi Adityanath govt is equipping police personnel with high-tech training and resources to address this challenge. He also emphasised that global collaboration is vital, as cybercrime transcends national boundaries. Meanwhile, dark web crimes, drug trafficking, human trafficking, sale of stolen data, contract killings were identified as key threats at the seminar: Experts recommended data encryption, multi-factor authentication for crypto transactions, stronger legal oversight, and specialised software for tracking cryptocurrency flows. Tired of too many ads? go ad free now Public awareness campaigns on digital safety and risks of dark web activities were also advised. Highlighting the future, experts said that AI would play a decisive role in detecting patterns of cybercrime, while quantum computing could bolster secure digital infrastructure. However, they agreed that no single technology or law can succeed without international cooperation.
Hindustan Times
2 days ago
- Hindustan Times
AI will play crucial role in preventing cybercrime in future: Experts
Preventing cybercrime, highlighting illegal activities on the dark web and the unregulated use of cryptocurrencies, which criminals exploit to trap victims, were the mainstay of discussions on the second day of a three-day seminar of the Uttar Pradesh Institute of Forensic Sciences on Tuesday. For representation only (HT File Photo) The seminar, conducted by Colonel Nitish Bhatnagar, focused on emerging technological threats, cryptocurrency misuse, and cybercrime trends. One of the panellists, Aamir, raised concerns about crimes on the dark web, noting that criminals not only sell hacked data but also engage in human trafficking and drug trafficking. He added that India's new digital data protection law will play a key role in curbing these crimes. Another expert, Vishnu Narayan Sharma, explained that crimes on the dark web are difficult to detect due to its anonymous and decentralised nature. Still, advanced technology can help law enforcement achieve success. The seminar explored emerging technologies such as AI and quantum computing, with experts agreeing that AI will play a crucial role in preventing cybercrime in the future. The need for international cooperation to combat global cybercrime was also emphasised. Besides, cryptocurrencies such as Bitcoin and Ethereum, while beneficial in the global financial market, also present significant risks like unauthorised exchanges and 'pump-and-dump' scams, enabling financial fraud, money laundering, and terrorist funding, hacking of wallets and exchanges, leading to theft. Experts stressed measures to curb these threats with encryption and secure communication to prevent illegal activities, multi-factor authentication for crypto wallets and exchanges, legal monitoring and proactive law enforcement to tackle dark web crimes, cryptocurrency tracking tools to trace suspicious transactions, public awareness campaigns to educate citizens about crypto risks and dark web dangers, and security education for individuals and businesses to adopt safe online practices.
