Revisiting Amazon Move Into DLT With Quantum Ledger Database And Managed Blockchain

Amazon has recently provided some more information about two of its blockchain-related projects. They are the Amazon Managed Blockchain and the Amazon Quantum Ledger Database.

The preview of these new products points out that they are still in a very early phase, but that Amazon is getting consistently more interested in the blockchain technology and that it plans on using it more and more in the near future.

During the presentation, two aspects were especially showcased: the immutability and the verifiability of the blockchain technology. People can use it to enter immutable records and easily verify them in a decentralized manner. This trust aspect is why the company is so interested. Several other companies can use this technology for many purposes.

One caveat of the presentation is that Amazon keeps using the term “quantum ledger” while quantum technology is still not here, which means that it is more of a buzzword than anything else.

The so-called quantum product (see here) was created for cases in which a complete blockchain is not needed, only parts of it. In this case, some of the immutable technology can be used, but in a more centralized way, so that a single entity controls the data. What there is of something really new here is that the database allows for inserts, but not for deleting information.

Amazon Managed Blockchain, (see here) on the other hand, is the real thing. A complete core blockchain product that can be used by companies that are interested in private blockchains. This platform is set to initially have support for Ethereum and the Hyperledger Fabric technology. While Hyperledger is for companies that want to create a private network, Ethereum is better for creating open ones.

Read Original/a>
Author: Gabriel Machado

Former Amazon Employee Hacked Capital One Bank and Used its Servers to Mine Cryptocurrency

In one of the most significant data breaches to ever be documented, former Amazon Web Services representative, Paige Thompson, is thought to be the brains behind the data violation of Capital One bank.

According to the charge sheet leveled against her, Thompson is believed to have not only breached Capital One bank information but also utilized its serves to secretly mine cryptocurrency. Apart from Capital One, Thompson is also being charged for infringing security protocols of other 30 companies where she managed to gain access to user information.

Federal agents arrested the 33-year-old Thompson for the crimes leveled against her, disclosing that the software engineer expert managed to compromise the country’s seventh most significant financial institution to access the private information of millions of applicants and customers.

According to an indictment that was unsealed on Wednesday, Thompson is facing a buffet of allegations leveled against her by the American government. Thompson was arrested Mid-July for her illegal activities that are said to have also affected more than 100 million Capital One customers who had applied for credit cards. The user information is said to have been stored on a defenseless Amazon server that was misconfigured by the bank.

Ex Amazon Employee Allegedly Managed to Hack Capital One

According to media outlets, Thompson was an employee of Amazon who also served as a system engineer for another cloud hosting company that used to service Capital One. While the cloud hosting company remains anonymous, Amazon Web Services representatives came out publicly to confirm the news of Thompson being a former employee of the company. Even though Thompson used to work for Amazon, she left the company three years before executing the hack.

It is believed Thompson managed to gain access to Capital One’s database by taking advantage of a misconfigured web application firewall.

How Thompson Hacked Capital One Bank

According to the government report, Thompson managed to pilfer Capital One’s computer login details from Amazon servers to gain him access to the company’s user information and servers. Thompson would later abuse the administration rights that she had learned over the company’s servers to both steal user information and use up server capabilities to mine virtual currencies. According to the indictment, such mining activities are usually known as crypto-jacking.

If found guilty, the 33-year-old cross-dresser who lived in Seattle’s Beacon Hill neighborhood will be imprisoned for 25 years in prison on one count of computer fraud and abuse and one count of money transfer fraud.

According to the accusations leveled against her, Thompson infringed user information from 30 institutions that include a US state office, an open research college, and a telecommunication combination. This is apart from the accusations of gaining illegal entry to Capital One bank servers and using their computer to mine cryptocurrencies for personal benefit.

Although court records remain dainty on Thompson’s crypto-jacking activities, the amount she earned from her illegal dealing is rumored to be hefty and substantial going by her Slack messages. It appears Thompson was very successful in her crypto-jacking activities going by her boasting cryptographic money messages that have since gone viral.

“I will be in operation soon. In the event I had a helper, I could have allowed them to do the heavy lifting over my crypto-jacking efforts and retire as a stay at home worker,”

Thompson boasted under a nom de plume.

In a move of arrogance and confidence, Thompson posted yet again assuming a different alias on June 26 saying:

“For reasons not known to me, it has come to my attention that I have lost a complete fleet of excavators all simultaneously. Am suspecting one if you guys are onto me.”

After a few weeks, the information hack was noted by Capital One bank prompting them to zero in Thompson’s hacking spectacle.

Read Original/a>
Author: Ali Qamar