Union Budget 2018 Reaction – Sunil Sharma, Managing Director Sales for Sophos India & SAARC

saarc“With the rise in bitcoin’s popularity and a strong warning to act with “extreme caution” and understand the significant risks of choosing to invest in cryptocurrencies, it’s no wonder 2018-19’s budget has a special emphasis on taking measures to stop cryptocurrency circulation and explore the usage of Blockchain technology. Cryptocurrency is popular with cybercrooks and usually cryptocurrency is the end, rather than the means of the crime, for example, when crooks infect your computer with coinmining software to hijack your CPU to earn money, or scramble your data with ransomware and demand that you pay them in cryptocoins to get it back.” Sharma further added, “We welcome the reduction in corporate tax as it will be a growth enabler to the entire micro and SMEs.”