According to Taiwan media reports, on the evening of 3rd August, the largest iPhone chip supplier, Taiwan Semiconductor Manufacturing Co.(TSMC), was infected by WannaCry ransomware, and the production line was completely shut down. It is rumored that TSMC was attacked by hackers, but TSMC officially confirmed the incident that some production equipment was infected by WannaCry ransomware. The company has controlled the scope of the virus infection, and 80% of the company’s “impacted tools” had been fixed on Sunday.

As the key supplier of Apple’s mobile phone core processor, TSMC got a lot of attention after the incident was exposed. The third quarter is the peak season for mobile phone production each year, thus, the incident may postpone Apple’s by shipments. Apple’s third-quarter revenue is also expected to drop by about 3%. It may even affect Apple’s new mobile phone release.

WannaCry ransomware has infected more than 200,000 machines in 150 countries, causing billions of dollars in damages and grinding global business to a halt. Fortunately, our do not have to worry. They can be totally immune to this kind of ransomware without patching as long as 360 Total Security is installed.

<strong>Is WannaCry back from the dead again?</strong>

TSMC’s president, Wei Zhejia has made it clear that the variant of WannaCry ransomware is the main cause of the disaster. After TSMC’s production equipment was attacked, all kinds of documents and data were encrypted.

In fact, the ransomware has been one of the most important threats to cybersecurity. In May … Read more

ICO has proven to be a revolutionised way for many companies and projects to raise money. ICO can be said as the blend of conventional methods and advanced techniques. The primary thing to consider here is that investors investing in the ICO will be 100% free of risk due to the technology used.

Till now, most of the ICO funds have been collected via Bitcoins (BTC) or Ether (ETH). While performing the ICO, the project produces a Bitcoin or Ethereum address to receive funds and then, shows it on the respective web page. The procedure is same as opening a bank account, and then showcasing it on a particular web page to people so that they may send money.

Initial coin offering (ICO) is basically an illegal way to collect crowdfunding via various cryptocurrencies (fiat currencies in a few cases) and is functioned by cryptocurrency organisations to obtain the capital funds required to execute the project. In an ICO, a particular part of the recently issued cryptocurrency is being sold to investors in exchange for any legalised tender or any other cryptocurrency. It can be said as token sale or crowd sale that involves taking investment amount from investors and providing them with some features associated with the project to be launched.

IPO, i.e. Initial Public offering is a process somehow relatable to ICO in which investors receive shares in the ownership of the company. While in ICO, the investors purchase coins of the company that can increase in value … Read more

Blockchain is an irrefutably resourceful invention which is practically bringing about a revolution in the global business market. Its evolution has brought with it a greater good, not only for businesses but for its beneficiaries as well. But since it’s revelation to the world, a vision of its operational activities is still unclear. The main question stick in everyone’s mind is – What is Blockchain?

To start with, Blockchain technology serves as a platform that allows the transit of digital information without the risk of being copied. It has, in a way, laid the foundation of a strong backbone of a new kind of internet space. Originally designed to deal with Bitcoin – trying to explain the layman about the functions of its algorithms, the hash functions, and digital signature property, today, the technology buffs are finding other potential uses of this immaculate invention which could pave the way to the onset of an entirely new business dealing process in the world.

Blockchain, to define in all respects, is a kind of algorithm and data distribution structure for the management of electronic cash without the intervention of any centralized administration, programmed to record all the financial transactions as well as everything that holds value.

The Working of Blockchain

Blockchain can be comprehended as Distributed Ledger technology which was originally devised to support the Bitcoin cryptocurrency. But post heavy criticism and rejection, the technology was revised for use in things more productive.

To give a clear picture, imagine a spreadsheet that’s … Read more

Crypto Currency (or Cryptography) is a controversial electronic asset developed to perform as a cryptographic medium of exchange to secure your transactions, further monitor models, and transfer property. Crypto values are a kind of digital forex, different forex, and virtual currency. Cryptocurrencies use decentralized control as an alternative of a centralized digital dollars process and central banks.

Decentralized handle of just about every cryptocurrency performs via blockchain, which is the foundation of community transactions, which functions as a dispersed report.

Formal definition

In accordance to Jan Lansky, the crypto might is a system that meets four problems:

• The plan defines irrespective of whether new cryptocurrency units can be made. If new cryptocurrency models can be created, the method identifies the circumstances of the resource with the ownership of these new models.

• If two distinctive instructions for transforming the acquire of the exact cryptographic models are entered, the process performs at most one of them.

• The method makes it possible for transactions to be carried out in a way the operator of the cryptographic unit is adjusted. A assertion transaction can only be issued by an entity proving the present house owners of these units.

• Possession of cryptocurrency units can be shown completely on cryptographically.

Overview

Decentralized cryptography collectively produces the overall program of cryptographic expert services at pace defined for the duration of the creation of the system and is publicly acknowledged. In centralized banking and financial guidelines, this kind of as the Federal Reserve Technique, … Read more