Digital Financial Crimes — Prelims Questions

Consider the following statements about digital financial crimes in India: 1. Section 66C of the IT Act specifically addresses identity theft using electronic means 2. CERT-In is the nodal agency for coordinating responses to financial sector cyber incidents 3. Cryptocurrency transactions are completely anonymous and untraceable 4. SIM swap fraud bypasses SMS-based authentication systems Which of the statements given above are correct?

Which of the following institutions is primarily responsible for receiving and analyzing suspicious transaction reports related to digital money laundering in India?

Consider the following about UPI fraud prevention measures: 1. All UPI transactions require additional factor authentication 2. UPI apps must implement transaction limits for different risk categories 3. Merchants can collect UPI PINs for customer verification 4. UPI transactions are processed through NPCI's secure infrastructure Which of the statements given above are correct?

The term 'deepfake' in the context of digital financial crimes refers to:

Under the Information Technology Act 2000, which section specifically deals with punishment for cheating by personation using computer resources?