A hacker/hacking group allegedely behind the latest hacks of India’s politicians and media personalities’ twitter accounts has expressed its support for Bitcoin.
Legion, as the hacker is notoriously known, surprisingly appeared in an interview to a couple of publications . It discussed the prevailing loopholes in India’s cyber security infrastructure, and claimed that the country’s banking system could be hacked with ease. Even though they have clearly mentioned that they are not going to compromise whatever existing security the Indian banking sector has, it is still a concern. Especially with the government pushing for a cashless digital economy, following the “demonetization” move.
The interview, filled with profanities and references to drugs also included multiple mentions of cryptocurrencies. According to the Legion, they do not believe in India’s “Digital India” movement, put forth by Prime Minister Narendra Modi. Legion has expressed its reservations against the centralized monetary system and they believe that the only way forward is by adopting cryptocurrencies like Bitcoin.
Legion’s faith in Bitcoin doesn’t seem to be misplaced. Going by the information they divulged, along with various media reports regarding security breaches faced by the banking system across the globe, including SWIFT network, people are much safer with a decentralized cryptocurrency.
Legion also divulged few details about what’s coming next. According to them, they have successfully hacked into the servers of Indian parliament’s official domain sansad.nic.in to access thousands of emails belonging to government officials. The information collected from the government portal is expected to be made public.
While there is no concrete information available about Legion’s full potential or the security of the Indian banking infrastructure, it is advisable for the country’s banks to revisit their cybersecurity practices and make sure it is not vulnerable. Those who do not want to take chances with their money in the banks or under the control of the governments can switch to Bitcoin and other cryptocurrencies while encouraging others to do so as well.
Ref: Factor Daily | Washington Post | Image: Shutterstock