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Cybercriminals started including it as part of their business email compromise attacks impersonating employees within an organization.

As the price of bitcoin increased by almost 400 percent, cryptocurrency-related email compromise attacks increased by 192 percent between October 2020 and May 2021, a report said on Tuesday. According to cloud-enabled security solutions provider Barracuda Networks, cybercriminals are taking advantage of the opportunities this creates for them to trick potential victims and increase the profits they can make from their attacks.

"The digital format of cryptocurrencies make them decentralized in nature and without any regulations, they have become the currency of choice for cybercriminals," Murali Urs, Country Manager, Barracuda Networks-India, said in a statement. "It fuelled and enabled a multi-billion economy of ransomware, cyber-extortion, and impersonation. These attacks are targeting not just private businesses, but also critical infrastructure, so they increasingly pose a national security risk," Urs added.

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2020 and finances.

By Umer Malik

The COVID-19 pandemic has become a stress test for many. Not everyone was ready for the forced changes. Many have lost income, lost their jobs, or even their entire business. But even those who were spared these hardships had to drastically rebuild their way of life. It is still impossible to say for sure how the situation will change and what awaits us. But we can already talk about what 2020 taught us.

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AI based tools to manage finances. Pixabay

With the financial uncertainty created by Covid-19 changing who and what to trust to manage finances, 83 percent of Indian consumers and business leaders now trust Artificial Intelligence (AI)-based tools more than humans, said a new study on Wednesday. A large number of people believe that AI-based tools can help to detect fraud, help reduce spending and make stock market investments.

Interestingly, 73 percent of business leaders trust AI bots more than themselves to manage finances, said the study by Cloud major Oracle and personal finance expert Farnoosh Torabi. The findings come amid the global pandemic damaging people’s relationship with money at home and at work.

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If you have a substantial debt figure before you have a baby, there's a good chance it will swell once your baby arrives. Pixabay

Preparing for a baby isnt only about purchasing tiny clothes, diapers and mittens. It goes beyond watching the endearing ultrasound photos and counting baby kicks; baby planning involves a lot of financial preparation.

Priti Rathi Gupta, Founder of LXME, MD & Promotor Anand Rathi Group spells out the most crucial financial tasks that must be on your checklist from the onset of your pregnancy, including estimating your medical costs, planning leave from your job and budgeting for your new born’s arrival.

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