OpenRuby.com

12 Dec '12, 8pm

Is Bitcoin Turning into a Cyber Crime Currency?

It was a hyped September month when hackers stole presidential candidate Mitt Romney’s tax records and demanded ransom of USD 1 million dollars in ‘Bitcoins’ equivalent. They threatened to release the keys of encrypted files to the public if demands were not met before the deadline. With all the elements of a Hollywood thriller, the world watched the cyber crime story with interest. And the Bitcoins ─ a digital currency ─ too aroused equal curiosity. With this one high profile incident, more people seemed to wake up to the phenomenon of Bitcoins than ever before. But the security experts , while watching the nightmare unfold, had another concern in their mind. They were appalled to see the belligerence of cyber crime that didn’t stop short of touching high profile people backed by the entire law machinery. So is Bitcoin now the crime currency, all set to push the boundarie...

Full article: http://blog.cyberoam.com/2012/12/is-bitcoin-turning-into-...

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