Evaluating Public Awareness on Cryptocurrency Exploitation via the Dark Web in Different Indian States: A Survey Study

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Published: 2024-05-13

Page: 200-221


Debhjit Mukherjee

Department of Forensic Science, Chandigarh University, NH-95, Punjab, India.

Bhavika Moza *

Department of Forensic Science, Chandigarh University, NH-95, Punjab, India.

Poorvi Ujjainia

Department of Forensic Science, Chandigarh University, NH-95, Punjab, India.

Pragati Jain

Department of Forensic Science, Chandigarh University, NH-95, Punjab, India.

Sneha K Kochumon

Department of Forensic Science, Mohan Babu University, Tirupati, India.

Leoson Heisnam

Department of Cyber Security and Digital Forensics, National Forensic Science University, Manipur, India.

Athulya P S

Department of Criminology and Forensic Science, University of Mysore, India.

Priyanka Dhondiyal

Department of Forensic Science, Lovely Professional University, Punjab, India.

*Author to whom correspondence should be addressed.


Abstract

The evolution of the internet has given rise to hidden networks such as the deep web and the dark web, where most of the online content resides beyond the easily accessible surface web. Cryptocurrencies, notably Bitcoin and privacy-focused alternatives, are crucial for illicit transactions on the dark web due to their anonymity.  Despite the growing use of cryptocurrencies on the dark web, research on public perceptions in India, especially across different age groups, is lacking. This research study aims public awareness and perceptions of cryptocurrency exploitation on the dark web in India. A structured questionnaire gathered insights into participants' views on this topic. Data collection by the means of purposive sampling, involved offline distribution in specific locations across six states (Delhi, Uttar Pradesh, Manipur, Jammu & Kashmir, West Bengal, and Punjab) in India and online distribution via social media platforms. Quantitative analysis of 5000 responses revealed significant concerns about cryptocurrencies' dual nature, the need for regulation to combat cryptocurrency-related crimes, and the importance of monitoring the dark web for cyber threat intelligence. Recommendations included banning or restricting access to VPN services to deter illicit transactions. The study emphasized addressing cyber threats, including the dissemination of radical material and cyber-attacks on critical infrastructure, aligning with the Indian government's initiatives under Honorable Prime Minister Mr. Narendra Modi's leadership to sustain India's digital environment for a better future.

Keywords: Internet evolution, hidden networks, dark web, cryptocurrencies, illicit transactions, public perceptions, cyber threat intelligence


How to Cite

Mukherjee , D., Moza , B., Ujjainia , P., Jain , P., Kochumon , S. K., Heisnam , L., Athulya P S, & Dhondiyal , P. (2024). Evaluating Public Awareness on Cryptocurrency Exploitation via the Dark Web in Different Indian States: A Survey Study. Asian Journal of Advances in Research, 7(1), 200–221. Retrieved from https://mbimph.com/index.php/AJOAIR/article/view/4088

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