{"id":36360,"date":"2023-07-14T02:47:18","date_gmt":"2023-07-13T21:17:18","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=36360"},"modified":"2025-06-30T11:15:03","modified_gmt":"2025-06-30T05:45:03","slug":"g20-conference-on-crime-and-security-in-the-age-of-nfts-ai-and-metaverse","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/g20-conference-on-crime-and-security-in-the-age-of-nfts-ai-and-metaverse\/","title":{"rendered":"G20 conference on &#8216;Crime and Security in the age of NFTs, AI and Metaverse&#8217;"},"content":{"rendered":"<h3><strong>What\u2019s in today\u2019s article?<\/strong><\/h3>\n<ul>\n<li><strong>Why in News?<\/strong><\/li>\n<li><strong>Understanding Metaverse and NFTs (non-fungible tokens)<\/strong><\/li>\n<li><strong>Need for the Conference on Crime and Security<\/strong><\/li>\n<li><strong>How Vulnerable India and Other Countries are?<\/strong><\/li>\n<li><strong>Way Ahead<\/strong><\/li>\n<li><strong>Conclusion<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Why in News?<\/strong><\/h2>\n<ul>\n<li>The inaugural session of the G20 conference on &#8216;Crime and Security in the age of NFTs, AI and Metaverse&#8217;, was recently held in Gurugram, India.<\/li>\n<li>This summit is a new and unique initiative of the G-20 Presidency, and is the <strong>first conference on cyber security in the G-20.<\/strong><\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Understanding Metaverse and NFTs (non-fungible tokens):<\/strong><\/h2>\n<ul>\n<li><strong>The metaverse<\/strong> is a concept of <strong>a virtual shared space<\/strong> where users can interact with each other and digital objects in a seemingly real way.<\/li>\n<li><strong>NFTs are digital assets<\/strong> that can be used to represent unique items, such as virtual real estate, in-game items and collectibles, on a blockchain.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/zpjig-8uhrg45rh3YLR3U5RTBIWocPgsSys9vryqFIrXKdGYQqIJ6KSNoqeupVwhJfH7yWgAW5k4Xlkv2mTx9g2ofZEtRp7rB376lprz4VfXcwq94APEZGRWM-AUGfztAcfPmyt4yqIC\" alt=\"\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Need for the Conference on Crime and Security:<\/strong><\/h2>\n<ul>\n<li><strong>In the wake of the digital age<\/strong>, cyber security has become an essential aspect of global security that requires adequate attention to its <strong>economic and geopolitical implications<\/strong>.<\/li>\n<li><strong>The transformation of security challenges<\/strong> from \u2018dynamite to metaverse\u2019 and from \u2018conversion of hawala to cryptocurrency\u2019 led to the need to devise a common strategy against it.<\/li>\n<li><strong>Terrorists are finding new ways<\/strong> (darknet, metaverse, cryptocurrency) to perpetrate violence, radicalise youth and raise financial resources and new methods in virtual assets are being used by terrorists for financial transactions.<\/li>\n<li>This will make it easier for terrorist organisations to select and target <strong>vulnerable people and prepare material <\/strong>according to their vulnerabilities.<\/li>\n<li><strong>The metaverse<\/strong> also creates opportunities for true imitation of a user\u2019s identity, known as <strong>deep-fakes. <\/strong>These can be used to impersonate users and steal their identities.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>How Vulnerable India and Other Countries are?<\/strong><\/h2>\n<ul>\n<li><strong>Many countries<\/strong> have become victims of cyber-attacks and this threat is hovering over all major economies.<\/li>\n<li><strong>The World Bank estimates <\/strong>that cyber-attacks could have caused losses of around $5.2 trillion to the world during 2019-2023.<\/li>\n<li><strong>According to the Global Trend Summary Report 2022<\/strong>, some of the cybercrime trends, such as ransomware, phishing, online scams, online child sexual abuse and hacking, will increase manifold in the future.<\/li>\n<li><strong>840 million Indians<\/strong> have an online presence, and by 2025 another 400 million Indians will enter the digital world. <strong>The possibilities of cyber threats have also increased.<\/strong><\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<figure class=\"media\">\n<div data-oembed-url=\"https:\/\/www.youtube.com\/watch?v=8ILrpZNG44E\">\n<div><iframe src=\"https:\/\/www.youtube.com\/embed\/8ILrpZNG44E\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<h2>\u00a0<\/h2>\n<h2><strong>Way Ahead:<\/strong><\/h2>\n<ul>\n<li><strong>It is essential to strengthen the capabilities <\/strong>of nations and international organisations to deal with new and emerging, traditional and non-traditional challenges, including &#8211;\n<ul>\n<li>Terrorism, terror financing,<\/li>\n<li>Radicalisation,<\/li>\n<li>Narco, narco-terror links, and<\/li>\n<li>Misinformation in a better way.<\/li>\n<\/ul>\n<\/li>\n<li>In order to create a<strong> robust and efficient operational system<\/strong>, there is the<strong> need to think in a timely manner using a coordinated and cooperative approach<\/strong> on using various virtual assets.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Conclusion:<\/strong><\/h2>\n<ul>\n<li>Today, technology has transcended all conventional geographical, political and economic boundaries, and we live in<strong> a big global digital village<\/strong>.<\/li>\n<li>The G-20 has focused on digital transformation and data flow from an economic perspective, but now it is very important <strong>to understand the aspects of crime and security and find a solution<\/strong>.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3><strong>Q1) What are deepfakes?<\/strong><\/h3>\n<p>Deepfakes are synthetic media that have been digitally manipulated to replace one person&#8217;s likeness convincingly with that of another. It leverages powerful techniques from ML and AI to manipulate or generate visual and audio content that can more easily deceive.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Q2) What is darknet?<\/strong><\/h3>\n<p>A darknet is an overlay network within the Internet that can only be accessed with specific software, configurations, or authorization, and often uses a unique customised communication protocol.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/indianexpress.com\/article\/india\/at-g20-conference-amit-shah-calls-for-cooperation-to-tackle-cyber-threats-flags-ransomware-attacks-8833778\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>At G20 conference, Amit Shah calls for cooperation to tackle cyber threats, flags ransomware attacks, misinformation campaigns with \u2018toolkits\u2019<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>G20 conference on &#8216;Crime and Security in the age of NFTs, AI and Metaverse&#8217; is the first conference on cyber security in the G-20<\/p>\n","protected":false},"author":5,"featured_media":36361,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"class_list":{"0":"post-36360","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-mains-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/36360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=36360"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/36360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/36361"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=36360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=36360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=36360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}