A Russian nationwide who tried to hack Tesla Inc. (NASDAQ: TSLA) in 2015 and introduce malware to jeopardize the business has pleaded guilty in the U.S. and might invest as much as ten months in jail, according to a report by The Associated Press.
What Happened: Egor Igorevich Kriuchkov pleaded guilty to conspiracy to purposefully trigger damage to a secured computer, as per the report.
A federal claim was submitted versus Kriuchkov in Nevada last August. The Russian national was implicated of using a $1 million bribe in Bitcoin (CRYPTO: BTC) to an employee at a company in Nevada – identified then only as Company A – to surreptitiously place malware into the companys systems.
Tesla CEO Elon Musk later confirmed that the automaker was the topic of a hacking attempt by a Russian nationwide and his co-conspirators.
Kriuckkov said the insider task would be camouflaged with a distributed rejection of service attack on plant computers from outside in order to overwhelm the servers with scrap traffic, according to the Associated Press, which cited court files. The hackers then planned to obtain Tesla for a ransom payment.
See Also: Why Teslas Charging Stations Are A Key Advantage For Its Future
Why It Matters: The information breach demonstrates how business need to take more efficient steps to deal with the threat of cyberattacks that have actually increased in intensity amidst the pandemic. It also demonstrates how hackers might take information from companies, including Tesla, captive in exchange for ransom funds.
Earlier this month, Tesla was amongst the numerous companies that were affected by a huge security-camera breach, with hackers acquiring access to live video footage from the electrical cars and truck makers factories and warehouses.
Price Action: Tesla shares closed about 0.3% higher on Friday at $654.87.
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© 2021 Benzinga.com. Benzinga does not provide financial investment advice. All rights booked.