Security challenges have evolved from 'dynamite to metaverse' and 'hawala to crypto currency': Home Minister Amit Shah

Warning the global community about security challenges that have evolved from “dynamite to metaverse” and “hawala to cryptocurrency,” Union Home Minister Amit Shah urged G20 countries to rise above conventional boundaries to act against such crimes.

Warning the global community about security challenges that have evolved from "dynamite to metaverse" and "hawala to cryptocurrency," Union Home Minister Amit Shah on July 13 urged G20 countries to rise above conventional boundaries to act against such crimes.

Speaking at the 'G20 Conference on Crime and Security in the Age of NFTs, AI & Metaverse', he underlined the threats emanating from cyber criminals using darknet, metaverse, deepfakes, ransomware and toolkit-based misinformation campaigns and strategic targeting of critical information and financial systems.

"The G20 has so far focussed on digital transformation and data flow from an economic perspective, but now it is important to understand the aspects of crime and security, and find a solution," he said.

Mr. Shah said such activities are a national concern as they directly impact national security, law and order and the economy. “If such crimes and criminals have to be stopped, we have to think and act by rising above the conventional geographic boundaries,” he noted.

The Home Minister suggested a slew of measures to act against cyber criminals operating across borders such as bringing uniformity in laws of all countries, developing a response mechanism under various laws of the countries, harmonising bench marks, best practices and regulations, and greater coordination among cyber agencies of all countries.

"An integrated and stable approach to cyber security policies will facilitate interoperability, increase trust in information sharing, and reduce the agency protocol and resources gaps. The need of the hour is to share 'real-time cyber threat intelligence' among member countries with active support from industry and academia to secure the nation's critical infrastructure," he said.