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Showing posts from January, 2020

What is Bitcoin and Is it Legal ?

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Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is  a type of money that is completely virtual. Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send   Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other  people. Every single transaction is recorded in a public list called the blockchain. It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether. The physical Bitcoins you see in photos are a novelty. They would be worthless without the private codes printed inside them. How does Bitcoin work? Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital w

SESSION ON DATA THEFT

SESSION ON DATA THEFT In layman’s language, Data Theft is the act of stealing virtual information with an intent to compromise someone’s privacy or to obtain confidential information. Data theft could be with respect to stealing or hacking passwords, banking information, credit card information, personal information of users, information of importance to a corporate business, hacking into government databases, stealing photographs and misusing them and many more in line with these. Data theft is a relatively new arena of crime in India. Owing to the sharp rise in use of internet and technology, a new era of virtual reality has come up. The virtual world has created a new breed of criminals, who take advantage of the vulnerability of computer programs and use it for their personal gain or just to cause mischief. Such criminal elements need to be punished so that the society and the citizens can live without fear. With the growth of digital information and digi