Indian Government’s Crypto Forensic Lab
The federal government of India has inaugurated a national cyber forensics laboratory that includes a cryptocurrency forensic laboratory to carry out crypto-related analyses. Together with this is the inauguration of the Delhi Police’s cybercrime system which will deal with scams involving cryptocurrencies. It is the very first cybercrime awareness and detection center in the nation, according to a commissioner.
The rising crimes occurring in the cryptocurrency arena in India have finally captured the attention of the government. This news comes as respite of people who have been fooled out of masses of their hard-earned money by fraudsters with no scruples. Just Recently, Crypto-News India had actually reported that four people were arrested in the economic capital of our country for allegedly running a cryptocurrency racket that collected the wealth of 100 crore INR by deceiving people in 3 states.
India’s Union Home Minister Rajnath Singh inaugurated a nationwide cyber forensic lab and the Delhi Police’s cybercrime system called the Cyber Protection Awareness and Detection Center (Cypad) on Monday, The Hindu reported.
Crypto Cyber Crimes
“It is the very first cybercrime awareness and detection center opened in the nation,” Delhi Police Commissioner Amulya Patnaik was priced estimate as saying. The national cyber forensic laboratory consists of systems such as a “memory forensics laboratory, image enhancement lab, network forensics laboratory, malware forensics laboratory, cryptocurrency forensics laboratory, harmed hard disk and advanced mobile forensics laboratory,” the publication wrote.
“We are now equipped with technology to recover data from damaged hard disks, cryptocurrency analysis, malware forensic and data can be retrieved from 33, 000 kinds of mobile models available in the market. Cyber experts will train our staff, ” Patnaik said.
Noting that the new laboratory will assist officers to detect cyberfraud, he stated:
“We are now equipped with technology to recover data from damaged hard disks, cryptocurrency analysis, malware forensic and data can be retrieved from 33,000 kinds of mobile models available in the market. Cyberexperts will train our staff.”
Cypad Will Deal With Crypto Fraud
Both the Cypad and the nationwide cyber forensic laboratory lie in the same complex in Dwarka’s Sector 16 C, according to The Hindu. The lab becomes part of the Union Home Ministry’s Indian Cyber Crime Coordination Center.
The Cypad “goals to supply cyber investigation, cyber forensics, cyber security, and security-related services to the residents in addition to authorities units and companies of Delhi,” the publication detailed. “The center in Dwarka will provide security services to citizens, cops and other companies to much better gear up the nation in the fight against cybercrime.”
Minister Singh said that cybercrime is the “most significant hazard to digital India,” the news outlet communicated. He, even more, emphasized that Cypad “will deal with cryptocurrency fraud and worldwide tech-supported frauds,” Devdiscourse publication kept in mind. On Sunday, The Times of India reported that the city criminal activity branch has busted a gang apparently associated with a crypto fraud that duped investors an approximated Rs 100 crore (~$14 million).
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