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The only way to keep yourself safe from hackers | TICKER VIEWS

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Hackers

By Dimaz Wijaya, PhD in Cybersecurity and blockchain security engineer. Ticker News crypto contributor. Edited by Keira Wright.

The recent cyber attack on the US’ largest fuel pipeline has shown how we are all vulnerable to hackers. The attack involved almost 100 gigabytes of data and forced the US government to declare a state of emergency. But how can we keep ourselves safe from hackers in the future, and what do we know about the breach?

Darkside hacking group

Darkside is a unique yet professional hacking group. They run their ransomware as a service business. The FBI released a statement that Darkside (or their client) was involved in the most recent hack in Colonial Pipeline.

Darkside claims to donate a portion of their bounty to charity and say they don’t want to cause problems for society. Recently, they released a statement saying they’re apolitical.

Has cryptocurrency made it easier for hackers?

The rise of cryptocurrency makes it easier for ‘bad’ hackers to extort their victims. This is because the anonymous nature of crypto decreases the probability of getting caught.

Hacking has shifted into a profit-oriented activity with ransomware (encrypting the victim’s data and asking for ransom) becoming one of the main tools.

Their choice of cryptocurrency has also shifted from Bitcoin, to privacy coins such as Monero and ZCash. These are much harder to track compared to Bitcoin.

In short, it means the ‘bad guys’ are more likely to get away without anyone prying into their financial transactions.

Is hacking on the rise?

We now hear news about hacking more often than ever. Everyone is a potential target.

Any modern infrastructure connected to the internet can be hacked. That includes most of us who work from home.

Unfortunately, there is no perfect solution to avoid hacking completely, other than shutting down all network communication from our homes.

But of course, that is not a viable option in our increasingly digital world.

How can we avoid being hacked?

However, as a society, we should be more aware of cybersecurity. We must educate ourselves to quickly identify threats and potential vulnerabilities. Here are some practical tips to avoid being hacked:

  • Firstly, be more careful when clicking suspicious links
  • Remove unexpected or suspicious emails from your inbox
  • Check everything before sharing your credit card details
  • Ask for identification for suspicious visitors
  • Always verify incoming information
  • Update your computer and phone software to include the most recent security patches
  • And lastly, but most importantly: backup important files

Although these efforts don’t completely erase the risk of being hacked, they make their job a lot more difficult.

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Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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TikTok launches Instagram competitor ‘Notes’

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TikTok Notes has launched in Australia & Canada as a formidable competitor to Instagram, offering a unique platform for content creation, text and sharing.

“TikTok Notes is a lifestyle platform that offers informative photo-text content about people’s lives, where you can see individuals sharing their travel tips and daily recipes,” reads the official App Store description.

Take note

The app allows users to create content by combining short videos with text-based notes, closely resembling that of Meta’s Instagram.

Whether it’s sharing a quick tutorial, a personal anecdote, or a thought-provoking message, TikTok Notes is positioned to be a formidable social media platform.

Currently, the app is only available for download and “limited testing” in Australia and Canada.

As it gains momentum, the platform is poised to contest Instagram’s established reign in the social media landscape.

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Ramifications of a TikTok ban to impact Open Internet

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The United States’ longstanding advocacy for an open internet faces a critical juncture as Congress considers legislation targeting TikTok.

The proposed measures, including a forced sale or outright ban of TikTok, have sparked concerns among digital rights advocates and global observers about the implications for internet freedom and international norms.

For decades, the U.S. has championed the concept of an unregulated internet, advocating for the free flow of digital data across borders.

However, the move against TikTok, a platform with 170 million U.S. users, has raised questions about the consistency of America’s stance on internet governance.

Read more – Big tech to handover misinformation data

Critics fear that actions against TikTok could set a precedent for other countries to justify their own internet censorship measures.

Russian blogger Aleksandr Gorbunov warned that Russia could use the U.S. decision to justify further restrictions on platforms like YouTube.

Similarly, Indian lawyer Mishi Choudhary expressed concerns that a U.S. ban on TikTok would embolden the Indian government to impose additional crackdowns on internet freedoms.

Moreover, the proposed legislation could complicate U.S. efforts to advocate for an internet governed by international organizations rather than individual countries.

China, in particular, has promoted a vision of internet sovereignty, advocating for greater national control over online content.

A TikTok ban could undermine America’s credibility in urging other countries to embrace a more open internet governed by global standards.

 

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