Cryptocurrency Group has Hacked Tesla

Cryptocurrency Group has Hacked Tesla

Car manufacturer Tesla has reportedly been hacked by a cryptocurrency group that used malware in order to mine cryptocurrencies. It’s Tesla’s cloud that is affected, and apparently the hackers used a weakness in the system in order to steal processing power.

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In a report published on Tuesday, a security company claimed that Tesla had been hacked and that the electric car company’s Amazon Web Service clouding account had been used to mine cryptocurrencies. The length of the duration of the cyber attack is still unclear. However, RedLock, the security company that reported the hack, says they found the weakness in Tesla’s system several weeks ago and reported it to the company.

A spokesperson for Tesla has ensured the public that no sensitive information has been leaked and that only test cars were affected. “No customer privacy or vehicle safety or security was compromised in any way,” the spokesperson stated and added that the issue was dealt with immediately.

Cryptocurrency Mining Hacks Are Becoming More Frequent

Mining cryptocurrencies pose several problems, including the cost of energy and processing power. Because of this, hackers have lately started hacking other systems in order to tap into their processing power. In general, mining pools are used for these type of attacks, but in Tesla’s case, an actual mining software was installed on the cloud, which makes this hack unique.

As the cryptocurrency market grows, more of these attacks are expected to happen and it will require serious developments in terms of safety for everyone running a business online. The threat is especially prominent for cloud services due to the lack of safety measures for clouds.

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