[2017-03-06] ToI: High usage make `bitcoins' susceptible to thefts

[polynesia]

Tech worries: High usage make `bitcoins' susceptible to thefts

http://timesofindia.indiatimes.com/city/hyderabad/tech-worries-high-usage-make-bitcoins-susceptible-to-thefts/articleshow/57486223.cms

The high usage of `bitcoins' by companies in Hyderabad --for paying ransom to hackers for getting back decryption keys of hacked data--has made bitcoins highly susceptible to thefts.In fact, companies have now been approached by cyber security experts to secure their `bitcoin' currency.

Incidentally, the use of bitcoins, especially by IT companies remains a grey area what with the Reserve Bank of India still not recognising bitcoins as a legal mode of payment in India.