June 9, 2022
1 min read

IIT-K tool to detect fraud in crypto currency transaction

ADG, Cybercrime, Subhash Chandra, emphasised on the need for cybercrime awareness programmes and capacity-building for police departments to prepare to counter the menace…reports Asian Lite News

The Indian Institute of Technology, Kanpur (IIT-K), will provide an indigenously designed tool to help the Uttar Pradesh police in detection and cracking of cases of fraud through cryptocurrency transactions.

Professor Sandeep Shukla from IIT-Kanpur, said that the tool developed by IIT, known as HOP, can analyse cryptocurrency transactions.

“The tool is cheaper than any foreign equipment. By September, our tool will be ready to serve the UP police and help in investigations in cases of cryptocurrency fraud,” said Shukla.

ADG, Cybercrime, Subhash Chandra, emphasised on the need for cybercrime awareness programmes and capacity-building for police departments to prepare to counter the menace.

“We have taken action against 37,000 accounts, banks and cards, and also recovered Rs 9.5 crore in a year,” said Chandra.

SP, Cybercrime, Triveni Singh said that the specific programme is an initiative of MHA and Uttar Pradesh Police and the first such event to spread cyber safety awareness and capacity-building for police departments.

He said that basic skills and methodologies are required for investigation of VOIP-based calls that have become prevalent in extortion cases.

ALSO READ-Diaspora Meet and Greet with the Education Minister of Karnataka

Previous Story

IISc ranked world’s best research varsity

Next Story

Hindu temple vandalised in Pakistan’s Karachi

Previous Story

IISc ranked world’s best research varsity

Next Story

Hindu temple vandalised in Pakistan’s Karachi

Latest from Business

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News

UK firms land £330m Africa deals

British exporters are set to benefit from more than £330 million in contracts for schools, water, electricity and government infrastructure projects in Guinea and Benin…reports Africa Daily News Desk British businesses are

US Bans DeepSeek from Government Systems

Washington has barred Chinese AI technology from civilian government agencies, citing wider concerns over security and competition as the US seeks to maintain its lead in artificial intelligence, reports Asianlite News Desk.
Go toTop

Don't Miss

Argentina seeks India’s cooperation on currency swap issues

The second Finance and Central Bank Deputies Meeting under India’s

Sitharaman has another ‘crypto’ warning for young investors

The Government of India was scheduled to introduce new cryptocurrency