Monday, 26 February 2018

Hackers hijack Tesla system in bold cryptocurrency attack

Tesla has become the latest target of hackers attempting to “mine” cryptocurrency, according to cloud security company RedLock.

RedLock reports that hackers gained access to Tesla compute resources to carry out so-called “cryptojacking,” where computers are hijacked to mine cryptocurrencies. The mining process involves making compute power available to authenticate, for example, bitcoin transactions. The “miners” then receive a financial reward for making the systems available. Digital Trends has compared the mining process to being “a bitcoin bank teller.”

While individuals can opt to use their own PCs to mine cryptocurrency via specialist software, hackers have also been surreptitiously hijacking computers to steal compute power for the same purpose. They then reap the financial benefits of the cryptocurrency mining.


Source : foxnews

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