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Showing posts with label Tesla. Show all posts

Bitcoin Surpasses $50,000 Mark For The First Time Ever

 

The cost of Bitcoin on Tuesday hopped above $50,000, carrying its year-to-date gain to 74%. Ongoing interest from Wall Street institutions has added to the momentum. Bitcoin rose by as much as 4.9%, to $50,547.70. The cryptocurrency at that point pared gains slightly, exchanging at $48,853.99 as of 9 a.m. ET. After ending last year with a fourth-quarter surge of 170% to around $29,000, Bitcoin token leaped to $40,000 seven days after the fact. It took just nearly a month and a half to breach the latest threshold, buoyed by endorsements from the likes of Paul Tudor Jones, Stan Druckenmiller, and Elon Musk. Bitcoin exchanged for a few cents for quite a long while after its introduction more than a decade ago. 

Tesla Inc's. declaration that it added $1.5 billion in Bitcoin to its balance sheet was the most noticeable recent impetus, sending the cost up 16% on Feb. 8, the greatest one-day acquire since the Covid-19 inspired financial markets volatility in March. Optimism grew after Mastercard Inc. furthermore, Bank of New York Mellon Corp. moved to make it simpler for clients to utilize cryptocurrencies, while Bloomberg reported on Saturday that Morgan Stanley may add Bitcoin to its rundown of possible bets. 

Sustained interest from organizations decidedly affects Bitcoin's value, pushing it on an upward bend. In December of 2020, it touched an all-time high crossing $24,000 in valuation. This was a 224% expansion from where it began its excursion toward the start of the year. By the start of 2021, BTC had leaped to a $40,000 valuation. In the second seven-day stretch of May 2020 Bitcoin saw its third halving occurred since its inception, in this way getting a further drop in its assessed future supply, Sumit Gupta, CEO, and Co-Founder, CoinDCX said. 

The interest from huge players has upheld the narrative that institutional investors are increasingly interested in Bitcoin. This conviction has been a critical driver of the bewildering rally in the cost of Bitcoin. It has likewise helped other cryptocurrencies, for example, ether, the coin on the Ethereum network. Its cost was roughly flat on Tuesday, at $1,793, in the wake of hitting a record high above $1,870 over the course of the weekend.

Researchers Demonstrate Flaws In Tesla X Model By Hacking And Stealing It

 

For the third time, the Belgian research team's experts demonstrated by hacking Tesla's key fob, how anyone could easily access the car and steal it in no time. The new demonstration attack on Tesla reveals the existing vulnerabilities that Tesla still faces. It also shows security vulnerabilities in Tesla's "Keyless Entry System," one of the industry's most expensive electric vehicles. Experts at COIC (Computer Security and Industrial Cryptography) found significant security vulnerabilities in Tesla X's key fob technology. It is a small tech that allows a person to unlock a car automatically by pressing a button or just passing by. 

Ph.D. student Lennert Wouters, a member of the research team, previously demonstrated two hacks on the Tesla Model S, which also had keyless technology. The attack allowed Lennert to unlock the car and start it. Tesla is famous for selling the best 'state-of-the-art' electronic vehicles available in the market. The EVs (electronic vehicles) price range starts from $40,000 (for basic models) and goes above the $100,000 line for top model Tesla X. 

Tesla's Model X uses key fob technology with BLE (Bluetooth Low Energy) that interfaces with a smartphone application to gain keyless access into the car. It is where the flaws exist, said the researchers in a press release posted online about the attack. Besides this, BLE is becoming mainstream in key fobs to allow smartphones to interact with people. It was not the first when a Tesla model showed security flaws. In 2016, Chinese experts showed, by hacking Tesla models and breaking into the cars and controlling them. 

According to Lennert Wouters, "using a modified Electronic Control Unit (ECU), obtained from a salvage Tesla Model X, we were able to wirelessly (up to 5m distance) force key fobs to advertise themselves as connectable BLE devices. By reverse-engineering the Tesla Model X key fob, we discovered that the BLE interface allows for remote updates of the BLE chip's software. As this update mechanism was not properly secured, we could wirelessly compromise a key fob and take full control over it. Subsequently, we could obtain valid unlock messages to unlock the car later on".

How a loyal employee saved Tesla from a Russian 1 million malware attack


As Justin Richards said, "heroes can be found in the most unlikely places. Perhaps we all have it within us to do great things...", this tale of extortion, bribing, and planned attack brings out how a loyal employee saved Tesla from a 1 million malware attack.



In early August, an employee of Tesla was offered 1 million dollars to place an inside threat- a malware in Tesla's Newada factory; a conspiracy had it been successful could have cost the company millions. 

According to the US Justice Department indictment Egor Igorevich Kriuchkov, a 27-year-old Russian came to the United States in July and started messaging an employee of the sustainable technology company whom he had met years earlier. The employee, a Russian emigrant, and Kriuchkov met at a Reno area bar, and that's where the idea for infiltrating Tesla's network was first pitched to the employee. He would get $500,000 to open a malicious email or 1 million cash or Bitcoin for the incursion of malicious files via USB. 

 The employee though reported the miscreant to the company and soon the US Federal Bureau of Investigation got involved. The Investigation department and our unnamed employee worked out undercover to discover Kriuchkov's whole scheme where an inside threat would infiltrate the whole network with ransomware and if Tesla didn't pay the ransom- their data would be publicly released on the Internet.

 The conspirator Egor Igorevich Kriuchkov was arrested on 22 August, driving from Reno to Los Angeles where he was to catch a flight to flee the country, subsequently, after the arrest, he was presented to the court on Monday. Two other suspected conspirators have been identified as Kisa and Pasha (nicknames).

 Elon Musk, tweeted Thursday night "This is a serious attack", in response to Tesla's blog post. The attacker did confess that his gang has been working on similar attacks on other companies but the plan on Tesla could have been for more than money; it could have been a plan to obtain the high-end sustainable tech, manufacturing, and chemistry. The attack has not yet been revealed to be tied to the Russian Government.

Hackers won Tesla model 3 after hacking into their infotainment system



A group of hackers won $35000 and a Tesla model 3 car after they managed to crack into security systems at a hacking event held last week.

During the hacking competition Pwn2Own 2019 organized by  Trend Micro's "Zero Day Initiative (ZDI)", two hackers Amat Cama and Richard Zhu of team Fluoroacetate exposed a vulnerability in Tesla model 3.

According to a report by  Electrek on Saturday, the hackers attacked the infotainment system of the Tesla model 3 and exploited "JIT bug in the renderer" to take control of the system.
"Since launching our bug bounty programme in 2014, we have continuously increased our investments into partnerships with security researchers to ensure that all Tesla owners constantly benefit from the brightest minds in the community," said David Lau, who is vice-president of vehicle software at Tesla.

So many bounty programs have been organized by the Tesla over the last four years to expose the vulnerabilities in the Tesla cars and have given thousands of dollars to hackers who have successfully found out the tweaks in the system.

David Lau, further added “We develop our cars with the highest standards of safety in every respect, and our work with the security research community is invaluable to us. Since launching our bug bounty program in 2014 – the first to include a connected consumer vehicle– we have continuously increased our investments into partnerships with security researchers to ensure that all Tesla owners constantly benefit from the brightest minds in the community. We look forward to learning about, and rewarding, great work in Pwn2Own so that we can continue to improve our products and our approach to designing inherently secure systems”






Tesla Gives Away EV-Maker Model 3 Cars Along With a Hefty Cash Prize to Hackers



Amat Cama and Richard Zhu a team of hackers, who took part in the Pwn2Own 2019 hacking competition, organized by Trend Micro's "Zero Day Initiative (ZDI)" and exposed vulnerability in the vehicle's framework and bagged themselves an Electric Vehicle (EV) - maker Tesla Model 3 cars along with a cash prize of $35,000.

The hackers focused on the infotainment framework on the Tesla Model 3 and utilized a "JIT bug in the renderer" in order to take control of the framework.

In the course of recent years as a part of Tesla's bug bounty program, the company had given away thousands of dollars in remunerations to those hackers who successfully uncovered vulnerabilities in its frameworks and the EV maker was ' fairly quick ' to fix those vulnerabilities uncovered by white hat hackers.

David Lau, Vice President of Vehicle Software at Tesla says, "Since launching our bug bounty programme in 2014, we have continuously increased our investments into partnerships with security researchers to ensure that all Tesla owners constantly benefit from the brightest minds in the community,"

He further adds, “We develop our cars with the highest standards of safety in every respect, and our work with the security research community is invaluable to us. Since launching our bug bounty program in 2014 – the first to include a connected consumer vehicle– we have continuously increased our investments into partnerships with security researchers to ensure that all Tesla owners constantly benefit from the brightest minds in the community. We look forward to learning about, and rewarding, great work in Pwn2Own so that we can continue to improve our products and our approach to designing inherently secure systems,”