Connect with us

Big Data

Codecov hackers breached hundreds of restricted customer sites: sources

Avatar

Published

on

By Joseph Menn and Raphael Satter

SAN FRANCISCO (Reuters) – Hackers who tampered with a software development tool from a company called Codecov used that program to gain restricted access to hundreds of networks belonging to the San Francisco firm’s customers, investigators told Reuters.

Codecov makes software auditing tools that allow developers to see how thoroughly their own code is being tested, a process that can give the tool access to stored credentials for various internal software accounts.

The attackers used automation to rapidly copy those credentials and raid additional resources, the investigators said, expanding the breach beyond the initial disclosure by Codecov on Thursday.

The hackers put extra effort into using Codecov to get inside other makers of software development programs, as well as companies that themselves provide many customers with technology services, including IBM, one of the investigators said on condition of anonymity.

The person said both methods would allow the hackers to potentially gain credentials for thousands of other restricted systems.

IBM and other companies said that their code had not been altered, but did not address whether access credentials to their systems had been taken.

“We are investigating the reported Codecov incident and have thus far found no modifications of code involving clients or IBM,” an IBM spokeswoman said.

The FBI’s San Francisco office is investigating the compromises, and dozens of likely victims were notified on Monday. Private security companies were already beginning to respond to assist multiple clients, employees said.

Codecov did not respond to Reuters’ request for comment on Monday.

Security experts involved in the case said the scale of the attack and the skills needed compared to last year’s SolarWinds attack. The compromise of that company’s widely used network management program led hackers inside nine U.S. government agencies and about 100 private companies.

It is unclear who is behind the latest breach or if they are working for a national government, as was the case with SolarWinds.

Others among Codecov’s 19,000 customers, including big tech services provider Hewlett Packard Enterprise, said they were still trying to determine if they or their customers had been hurt.

“HPE has a dedicated team of professionals investigating this matter, and customers should rest assured we will keep them informed of any impacts and necessary remedies as soon as we know more,” said HPE spokesman Adam Bauer.

Even Codecov users who had seen no evidence of hacking were taking the breach seriously, a corporate cybersecurity official told Reuters. He said his company was busy resetting its credentials and that his counterparts elsewhere were doing the same, as Codecov recommended.

Codecov earlier said hackers began tampering with its software on Jan. 31. It was only detected earlier this month when a customer raised concerns.

Codecov’s website says its customers include consumer goods conglomerate Procter & Gamble Co, web hosting firm GoDaddy Inc, The Washington Post, and Australian software firm Atlassian Corporation PLC. Atlassian said it had not yet seen any impact nor signs of a compromise.

The Department of Homeland Security’s cybersecurity arm and the FBI declined to comment.

(Reporting by Joseph Menn, Raphael Satter and Christopher Bing; Editing by Sam Holmes)

Image Credit: Reuters

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://datafloq.com/read/codecov-hackers-breached-hundreds-restricted-customer-sites-sources/14044

Big Data

U.S. listing ban on Luokung lifted after judge’s decision

Avatar

Published

on

By Karen Freifeld

WASHINGTON (Reuters) – Nasdaq Inc has withdrawn a decision to delist the shares of Luokung Technology Corp, the Chinese mapping technology company said on Thursday, after a U.S. judge suspended an imminent investment ban imposed under the Trump administration.

The ruling and listing news sent shares of the company nearly 20% higher. Luokung issued a news release on Thursday saying Nasdaq notified the company it has withdrawn its delisting letter and shares would continue to trade on the market, not be suspended on May 7. A Nasdaq spokesman declined to comment.

A spokesman for the U.S. Department of Justice did not immediately respond to a request for comment.

Luokung is the second company on a U.S. list of alleged Communist Chinese military companies subject to an investment ban to win a preliminary injunction halting the designation. 

U.S. District Court Judge Rudolph Contreras in Washington issued a similar order in March in favor of Beijing-based smartphone maker Xiaomi Corp.

In granting an injunction in the case brought by Luokung challenging the ban, Contreras said the U.S. Department of Defense’s designation process was flawed.

“Many of the associations the Department of Defense seemed most troubled by – such as Luokung’s purported forays into space systems or its potential future contracts with the Chinese National Geospatial Information Center … do not appear to have materialized, nor are they likely to bear fruit before this case can be decided on the merits,” the judge wrote in his decision.

He added the government has not identified a single technology transfer from Luokung to the People’s Republic of China.

More than 40 companies were added to a list of U.S. companies subject to the investment ban in the waning days of the Trump administration.

(Reporting by Karen Freifeld in New York; Editing by Matthew Lewis)

Image Credit: Reuters

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://datafloq.com/read/us-listing-ban-luokung-lifted-judges-decision/14477

Continue Reading

Big Data

Nikola may seal order for 100 EVs from port trucking firm

Avatar

Published

on

(Reuters) – Nikola Corp said on Thursday it signed a letter of intent with port trucking firm Total Transportation Services Inc for trials and possible order of 100 vehicles from the electric-truck maker.

Shares of the Phoenix, Arizona-based company surged 7.5% in premarket trading after the announcement.

Total Transportation is a large player at the ports of Los Angeles and Long Beach in southern California, which see up to 14,000 trucks on location in a month.

“The LOI is for 100 zero-emission trucks beginning with a four-truck pilot slated to start in the first half of 2022 and consisting of two BEVs and two FCEVs,” said Nikola.

Nikola’s Tre BEVs are designed for local deliveries up to 350 miles, while its Tre FCEV trucks are aimed at longer hauls of up to 500 miles.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Ramakrishnan M.)

Image Credit: Reuters

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://datafloq.com/read/nikola-may-seal-order-100-evs-port-trucking-firm/14476

Continue Reading

Big Data

North American companies buying more robots to keep up with demand

Avatar

Published

on

By Timothy Aeppel

(Reuters) – North American companies boosted spending on industrial robots in the first quarter as they scrambled to keep up with surging demand in the wake of the COVID-19 pandemic.

Companies ordered 9,098 robots in the first quarter, a 19.6% increase over a year ago, according to the Association for Advancing Automation, an industry group based in Ann Arbor, Michigan. The orders were valued at over $466 million in total.

Robots were once concentrated in the auto industry but are now moving into more corners of the economy, from ecommerce warehouses to food processing plants. For the first time last year, most of the robots ordered by companies in North America weren’t destined for auto factories or their parts suppliers.

The strongest growth in the latest quarter was to metal producers, where orders surged 86%. Orders to life science, pharmaceutical and biomedical companies rose 72%, while orders to consumer goods companies increased 32%.

“The strong economy obviously helps,” said Jeff Burnstein, president of the Association for Advancing Automation, “It gives companies the confidence to invest in more things — including in more automation.”

Burnstein said the pandemic froze many businesses, as operations shut down to protect human health. “But ultimately it accelerated the adoption of automation, because companies recognized if they were going to do it, now would be the time.”

Tyson Foods Inc, the U.S. meat company, is among those looking to use more robots on its production lines. In 2019, the company opened a 26,000 square foot automation research center near its headquarters in Springdale, Arkansas.

“For the most part, it’s still too soon for some of the really innovative and proprietary systems we’re developing,” said Marty Linn, the center’s director of engineering. Automating jobs such as deboning chickens is extremely difficult, he noted, because the size and shape of each chicken can vary greatly. Robots work best when they can handle uniform items.

With that in mind, Linn said, Tyson has already started installing at its plants robots that sit at the end of production lines and automatically stack and wrap boxes on pallets – a process that involves standard shapes and the repetition of precise movements.

(Reporting by Timothy Aeppel; Editing by Dan Burns and Andrea Ricci)

Image Credit: Reuters

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://datafloq.com/read/north-american-companies-buying-robots-keep-demand/14475

Continue Reading

Big Data

Cryptocurrency ether rises to new record high over $3,600

Avatar

Published

on

(Reuters) -Ether, the world’s second-largest cryptocurrency after bitcoin, on Thursday extended a breakaway rally to a new record high of $3,616.10, gathering momentum as investors diverted focus from its main rival.

On the Bitstamp Exchange ether was last up about 4.0% at $3,568.92. Bitcoin was down 0.3% at $57,353.03 and about 11% below its record intraday high at $64,895.22 set on April 14.

Ether, the token traded over the ethereum blockchain, topped $3,000 for the first time on Monday. It is up more than 385% this year, compared with 96% for bitcoin.

The rise is in part a spillover from flows into bitcoin, which has grown in stature as big-name investors from Elon Musk’s carmaker Tesla Inc to Wall Street investor Stanley Druckenmiller bought in.

“Ethereum has been able to maintain its positive momentum, a crushing series of all-time highs in the past week,” said Konstantin Anissimov, executive director at cryptocurrency exchange CEX.IO.

“The current all-time high has reignited the ambitious sentiment that ethereum may eventually flippen (supplant) bitcoin by market capitalization in the near future.”

Also, a technical adjustment called EIP (ethereum improvement proposal) 1559, expected to reduce the supply of ethereum and go live in July, has provided a lift for the digital currency.

Still, there is a speculative frenzy going on in the asset class. Joke cryptocurrency dogecoin is up by 24,000% over the last 12 months and is now the fourth-largest cryptocurrency by market capitalization.

(Reporting by Alden Bentley and Gertrude Chavez in New YorkEditing by Matthew Lewis)

Image Credit: Reuters

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://datafloq.com/read/cryptocurrency-ether-rises-new-record-high-3600/14474

Continue Reading
Blockchain4 days ago

Ethereum hits $3,000 for the first time, now larger than Bank of America

Blockchain4 days ago

Munger ‘Anti-Bitcoin’ and Buffett ‘Annoyance’ Towards Crypto Industry

Blockchain2 days ago

The Reason for Ethereum’s Recent Rally to ATH According to Changpeng Zhao

Blockchain18 hours ago

Chiliz Price Prediction 2021-2025: $1.76 By the End of 2025

Gaming5 days ago

New Pokemon Snap: How To Unlock All Locations | Completion Guide

Blockchain4 days ago

BNY Mellon Regrets Not Owning Stocks of Companies Investing in Bitcoin

Aviation2 days ago

American Airlines Passenger Arrested After Alleged Crew Attack

Blockchain2 days ago

Mining Bitcoin: How to Mine Bitcoin

Automotive4 days ago

Ford Mach-E Co-Pilot360 driver monitoring system needs an update ASAP

Blockchain2 days ago

Mining Bitcoin: How to Mine Bitcoin

Fintech5 days ago

Telcoin set to start remittance operations in Australia

Blockchain5 days ago

Mining Bitcoin: How to Mine Bitcoin

Blockchain5 days ago

Thiel Capital Director: “Don’t Let Short Term Losses in Bitcoin Sour You on Bitcoin”

Aviation4 days ago

TV Stars Fined After Disorderly Conduct Onboard British Airways

Blockchain4 days ago

Here’s the long-term ROI potential of Ethereum that traders need to be aware of

Fintech3 days ago

Talking Fintech: Customer Experience and the Productivity Revolution

Blockchain5 days ago

Coinbase to Acquire Crypto Analytics Company Skew

Blockchain4 days ago

Turkey Jails 6 Suspects Connected to the Thodex Fraud Including Two CEO Siblings

AR/VR5 days ago

The dangers of clickbait articles that explore VR

Blockchain5 days ago

A Year Later: Uzbekistan Plans to Lift its Cryptocurrency Ban

Trending