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Search Results for: bank
Bitcoin ATM registers $1 million transaction in a month
World’s first Bitcoin ATM in operation in Vancouver is said to have clocked transactions of US$ 1 million in a month. The ATM converts cash into Bitcoins and also pays out cash in physical currency against withdrawals of Bitcoins. The … Continue reading
Posted in bitcoin, Cyber Law
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Bitcoin Payment Processor in Denmark Hacked
A Denmark based Bitcoin payment processor BIPS faced a security breach last week resulting in loss of 1295 bitcoins worth around US $ 1 million. The loss has occurred both to the service provider’s own stock as well as a … Continue reading
Posted in Cyber Law
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The threat of Bitcoins…Attention RBI
An article in Forbes raises an interesting aspect on how China may be preparing for a new Cyber War front based on controlling the virtual currency. See the article here Readers of Naavi.org are familiar with the discussions on “Linden” … Continue reading
Posted in Bank, bitcoin, Cyber Crime, RBI
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Time to question safety of ATMs?
So far we have been debating the cyber crime risks associated with ATMs and the need for Banks to assume responsibility. However today an incident in Bangalore has changed the perspective completely and throwing up basic questions on whether at … Continue reading
Posted in Bank, RBI
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From CAPTCHA to GOTCHA?
Internet users are familiar with the CAPTCHA system of identifying website users where the users will be presented with a picture which is humanly readable but difficult for a machine to read. When CAPTCHA is used in this manner the website … Continue reading
Posted in Cyber Law
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Will the CM of Karnataka respond?
Continuing the relentless effort to restore the availability of Judicial support to the Cyber Crime victims of India, the undersigned has recently written a letter to the Chief Minister of Karnataka namely Mr Siddaramaiah. This is the fourth time the … Continue reading
Posted in Cyber Law, ITA 2008
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