Cryptocurrency is becoming very popular which is why many are investing in it
Professor Chandan Chowdhury, Associate Dean – Indian School of Business
On 22th September, when I used to be a managing director in an MNC, I received an email that I have to do a remittance to HSBC bank for acquiring a company. My president then got into a call with me telling me to do it immediately. It was actually not my president but a robot; the email was a fake email. My point is that the size of the cyber world is increasing. We cannot run away from it and we have to protect it. We know about in US this month the identity and confidential data of 143 million people have been hacked. The government of India might have removed 500, 1000 rupee notes but now cryptocurrency like Bitcoin is becoming very popular. The value of Bitcoin in 19 months has increased by 10 times which resulted in many people investing in it. Now if you look at Bitcoin itself, we had a huge catastrophe with a company called Bitfinex where 65 million dollar worth of bitcoin was actually hacked.
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