VeChain and Chinese firm partner to manage digital publication

VeChain announced partnership with Hubei Sanxin Cultural Media Ltd. to manage digital publication industry using VeChain Thor blockchain technologies
08 January 2018   449

Hubei Sanxin Culture Media Co., Ltd. is headquartered in Wuhan East Lake High-Tech Development Zone, in Hubei Province, and it integrates sales modes with various types of library resources, integrates the library management and service system products to form a complete library service system.

On January 6, VeChain has made an announcement stating that it partnered with Hubei Sanxin Cultural Media Ltd. to develop a series of solutions using VeChain Thor blockchain technologies for the proof of origin, the supply chain management and the accounting of digital publication and digital books distributed by Hubei Sanxin Cultural Media Ltd.

At the moment of press, these are main market parameters of VeChain:

  • Average price: $4,20
  • Marketcap: $1 164 773 195
  • 24h volume: $133 023 000

Tesla's cloud account hacked to mine cryptocurrency

Independent security group discovered Tesla's cloud account being hacked and infected with a miner-virus
21 February 2018   23

Cryptocurrencies are on the rise and all sorts of shady characters are trying to get in with dubious methods. Recent string of hacking attacks is a perfect example. And now not only exchanges and users with their hard-earned coins are in danger, but also companies with large cloud infrastructure face the same threat.

RedLock, a security research firm, reports that electric car manufacturer Tesla's cloud account information has been leaked to the internet, which allowed hackers to access the company's cloud. It has been hacked and hardware infected with a miner virus called Stratum. The mining protocol masks itself with low CPU usage and obscuring the IP of the mining server.

Of course, RedLock immediately contacted Tesla with this information and the company quickly got to fixing the breach. Tesla's spokesperson assured us that customer personal information hasn't been compromised, and that the vulnerability was patched in a matter of hours. Only small test park of internally-used engineering sample cars has been impacted and no indication whatsoever discovered that actual customer cars have been compromised in any way.

It certanly looks possible, because according to the same RedLock Cloud Security Intelligence group mining profitability of Tesla's cloud is worth a lot more that all the customer data available could be sold for on the black market. This also isn't the first instance of such a hack with no data being stolen. In fact, hacks with intention of hijacking mining capacity has already targeted Gemalto, a world's largest SIM-card manufacturer, and Aviva, a British insurance company, just to name a few.