You can now get a mortgage on your address in cyberspace in the same way that
you can take out a mortgage on your bricks-and-mortar address. The Industrial
Bank of Korea is offering loans to businesses of up to $26 000. 鈥淚 could
see many circumstance where this wouldn鈥檛 work,鈥� says Robert Porter of Harbottle
and Lewis, a firm of lawyers specialising in the Internet. He says the value of
the site depends on the company鈥檚 success, so in hard times the security will be
useless.
More from New Scientist
Explore the latest news, articles and features
Physics
Record-breaking, fast-spinning magnet could help uncover new physics
News
Environment
An unexpected feedback loop may be driving mega heatwaves
News
91色情片
Less than 4 minutes of vigorous exercise a day could halve your dementia risk
News
91色情片
Parkinson鈥檚 may be driven by ‘vicious cycle’ that disrupts brain waste drainage
News
Popular articles
Trending New Scientist articles