Dr Rajiv Desai
An Educational Blog
CYBERCRIME
CYBERCRIME: ____ This educational website was hacked by cyber-criminals on 7 February, 2017 and their threat note was posted on website as shown below: ____ Prologue: Former Chief Justice of India R M Lodha received an email from his friend Justice B P Singh seeking immediate monetary help of Rs 100,000 for the treatment of his cousin. The email said Singh was unavailable over the phone and that was why he was emailing for help. This was not the first time they were emailing each other and an unsuspecting Justice Lodha immediately transferred the money in two transactions at the account number given in the email. Justice Lodha had the shock of his life when he later received a mail from Singh that his email was hacked and Justice Lodha was cheated of Rs 100,000 by a cybercriminal. The world of internet today has become a parallel form of life […]
DIGITAL TRANSACTION
Digital transaction: ___ ____ Prologue: History of banking dates back to 2000 B.C. Archaeologists believe that depositing and lending have always been human way of business and economy during renowned Roman, Chinese, and Indian empires. In fact, if we really think about it, there can actually be no trusted way of keeping earned money safe to be used when required other than a trusted group that also provides interest on such deposits. From that time banks and their ways have evolved tremendously. Computing revolution has been the biggest step forward here. For what was confined to signatures and psychical presence, has now been replaced by plastic money and virtual presence. John Shepherd-Barron, the Scotsman is credited with inventing the world’s first automated cash machine. Shepherd-Barron said once that he came up with the idea of the cash machines after being locked out of his bank. Plastic bank cards had not […]
