VARINDIA IT MAGAZINE

Bengaluru's e-procurement site hacked and funds stolen:  One of six hard disks recovered from laptops belonging to hacker   Srikrishna Ramesh alias Sriki . who is at the centre of an alleged Bitcoin-for-bribes controversy that has hit Karnataka politics in recent weeks, has revealed data of a hack carried out at the   e-procurement cell of the state government   where Rs 11.5 crore was stolen by a hacker gang in 2019.   According to the cyber forensics report, one hard disk “marked 01” recovered from a Macbook belonging to Srikrishna contains “hacking data” for the alleged hacking of the  eproc.karnataka.gov  site of the e-governance cell of the Karnataka government and other sites.   Srikrishna has claimed that he and his associates were trying to steal Rs 46 crore from the e-procurement cell – in three tranches - but managed to get only Rs 11.5 crore before officials got wind of the crime. The details of the analysis are enclosed as a repor...

Bitcoin cash outs arrive across 16,000 ATMs in UK:  To make instant money, now   cryptocurrency   holders can now cash out their   bitcoin , which are available in all 16,000 ATMs across the UK. As the interest in bitcoin surging, user-friendly processes to securely buy, sell and use cryptocurrency have long been a hurdle to widespread adoption.   BitcoinPoint has been working to break down these barriers with a mobile app that makes it possible to buy and sell bitcoin at a network of agents, from Bureaus de Change to newsagents, as well as online through an instant bank transfer solution via Open Banking.   Since registering on a crypto exchange could be a complex process for non-tech savvy people, the scarce availability of bitcoin ATMs made accessibility of bitcoin problematic. East London-based BitcoinPoint, which offers services to buy and sell Bitcoin, has struck a deal with independent cash machine operator Cashzone.   Bitcoin holders can n...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Warning ! If you are using Chrome browser extension from the MEGA file storage service, uninstall it right now. The most popular Mega chrome extension is being hacked by an attacker's server located at megaopac host in Ukraine and replaced with a bundle of PUP Malware for Stealing your Security Information Most of us are popular with the chrome browser and it occupies 59% Browser share world wide with complairsion to other browsers like Internet Explorer, Safari, Firefox and Opera.Google's strong marketing strategy for Chrome certainly contributed (and continues to contribute) to the browser's success. Besides actively stimulating interest in Chrome through marketing, Google's own credibility and reputation passively attract attention to Chrome. Chrome itself famous for its Simplicity and Technologies. Chrome wants the user to focus on the web content without distraction from the browser's UI. But two day...

Amit Bhardwaj has been arrested for allegedly scamming investors out of Rs 2,000 crore in Maharashtra alone. One of the biggest Indian names in the digital-currency market, Bhardwaj, ran a slew of ventures, including GainBitcoin, GBMiners, MCAP and GB21.Cyber cell of Delhi Police has arrested founders of bits2btc Kamal Singh and Vijay Kumar for duping 2,500 people for over Rs 100 crore. Bhardwaj, who is often referred to as a Bitcoin evangelist and Bitcoin visionary, is an alumnus of MGM's College of Engineering in Maharashtra and has worked with software major Infosys.Bhardwaj founded GainBitcoin in 2013 as a cloud-based platform for trading and mining of bitcoins.It is my vision to get even the smallest investor to ride the Bitcoin wave. I can say with confidence that our early stage hitches have been ironed out and GainBitcoin is firm on its feet to offer a robust, trustworthy trading environment to our 1,00,000+ customers. We have also witnessed a record 47 percent hi...

It is a fact that, new technologies in the Information age will bring newer challenges and risk at the same time. There is a potential risk in adopting newly emerged technologies. For instance, Artificial Intelligence (AI) holds tremendous potential to automate daily risk activities, and rationalize costs. Blockchain technology will enable companies to manage and share GRC information faster than ever, whether it is around vendor risk assessments or continuous auditing. Robotics is all about automation, increasing efficiency and providing intelligence that cannot be seen with the human eye. The cloud, in turn, is enabling the seamless flow of data and Information assets include personal information. Security is one of the main enablers of data protection. It is an absolute fact that about millions of PCs are being used for stealth of cryptocurrency mining. It is advisable to block cryptocurrency mining in your browser. The threat landscape is constantly evolving and the big...

Bitcoin or virtual currencies (VC) has grown to 20-fold rise to reach new high to 3000% this year. It is like the elephant in the room, a lot of people don’t want to talk about it because they have invested in it. Bitcoin does not have a legal status as a currency in most of the world, and authorities usually do not know how best to approach thefts. Some larger exchanges have replaced customer funds after a theft from the exchange itself, but at this stage they are not legally obliged to do so. The entire process works with blockchain, which is a record of all transactions on a decentralised network of computers across the world. Bitcoin going Mainstream… Bitcoin has provoked gambling. Bitcoin is a decentralized global digital currency that runs on a peer-to-peer network called the blockchain. It was launched in 2009 by a person or group of people operating under the name Satoshi Nakamoto. The currency obeys its own internal logic. Bitcoin has hit a tipping point ...

Strengthening its probe into bitcoin investments and trade, the Income Tax (IT) department is set to send notices to 4 to 5 lakh high net worth individuals (HNI) who were trading on this unregulated virtual currency across the country. The Bengaluru wing of the tax department had conducted surveys at nine such exchanges last week to check instances of tax evasion. Official sources said that the department has found that out of the estimated 20 lakh entities registered on these exchanges, about 4 to 5 lakh were "operational" and indulging in transactions and investments. The investigation team has now dispatched the information of the individuals and entities found on these exchanges to eight other such wings across the country for a detailed probe.... Read More

A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoin is a form of cryptocurrency.A million dollar question is on will bitcoin cash crash or does it have long-term potential? An expert says, he would start supporting trade with bitcoin cash despite its long-term potential being limited. It is a digital currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers. The first cryptocurrency was bitcoin, which was created in 2009. Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders.... Read More