Hackers were using Amazon Cloud to mine Bitcoin

According to the RedLock report, hackers were able to breach into the Amazon Cloud services of two companies for Bitcoin mining
09 October 2017   3149

Hackers were able to hack into the AWS cloud services’ infrastructure of two companies in order to mine Bitcoin. According to the security firm RedLock, the two affected companies were Aviva and Gemalto. Hackers didn’t target any sensitive data of either company. The hackers were only interested to access the Amazon Cloud servers in order to mine cryptocurrencies by executing a bitcoin mining command.

According to the publication, the hackers got the opportunitty to mine due to the fact that the administrative consoles of Kubernetes were not protected by a password. It is also noted that hackers did not take advantage of access to confidential information of companies, but only used Amazon Cloud capacities for crypto currency mining.

Upon deeper analysis, the team discovered that hackers were executing a bitcoin mining command from one of the Kubernetes containers. The instance had effectively been turned into a parasitic bot that was performing nefarious activity over the internet.
 

RedLock report

The document also says that many companies pay insufficient attention to the potential vulnerabilities of their security systems in cloud services. According to RedLock, 81% of the companies surveyed are taking inadequate security measures, opening up opportunities for hacking cloud services. 

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   215

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.
 

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.