IIT Kanpur develops technology to prevent cryptocurrency fraud

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

The Indian Institute of Technology (IIT) Kanpur will provide an indigenously designed tool to help the Uttar Pradesh police in detection and cracking of cases of fraud through cryptocurrency transactions. While speaking on the same, Professor Sandeep Shukla from IIT-Kanpur, said that the tool has been developed by IIT, Known as HOP, and will 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, while emphasising the need for cybercrime awareness programmes and capacity-building for police departments to prepare to counter the menace said, "We have taken action against 37,000 accounts, banks and cards, and also recovered Rs 9.5 crore in a year."

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 the investigation of VOIP-based calls that have become prevalent in extortion cases."

Meanwhile, a team of researchers from the Indian Institute of Technology (IIT) Kanpur and Australia-based La Trobe University has collaborated to study and mitigate the pollution in the river Ganga. The collaboration between the two institutes aims at transforming the river cleanliness programme into a community-centric project for the rejuvenation of Ganga. The field site of the research will be Kanpur and Varanasi.

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