Cyberspace and Digital Currency: Addressing unique challenges for improved data protection

The digital world today has expanded way beyond the scope of its usage as imagined three decades ago. With deeper penetration of internet services and subsequent rapid digitization in India and around the globe, the world has become an increasingly convenient place for both – internet users and cybercriminals. The global cybersecurity sector is keenly aware of the unique challenges that cyberspace and digital currency pose for data protection. The rise of digital currencies, such as Bitcoin, has introduced new risks and complexities to the world of cybersecurity.

Recent statistics show that the use of digital currencies has increased significantly over the last few years, and this trend is expected to continue. Cryptocurrency mining, also known as coin mining, has lately become increasingly popular as a way to generate income by using computer resources to solve complex algorithms and earn digital currencies.