Kia Motors was attacked and demanded 600 BTC. IPFS & Filecoin provide better data storage options!

Kia Motors was attacked and demanded 600 BTC. IPFS & Filecoin provide better data storage options!
Not long ago, according to BleepingComputer, the ransomware gang DoppelPaymer launched another focused attack, intercepting sensitive data from the North American branch of the automaker Kia Motors and demanding a ransom in Bitcoin. The total ransom could be as high as 600 Bitcoins (worth more than $30 million), otherwise the data will be released in the next 2-3 weeks.
Kia Motors America (KMA), headquartered in Irvine, California, is a subsidiary of Kia Motors Corporation and has nearly 800 dealerships in the U.S. The attack caused KMA to experience a nationwide IT outage, as shown below. When users visit its website, they will receive a message stating that Kia is "experiencing an IT service outage affecting certain internal networks."
The Kia incident once again put the great risk of data leakage in front of us. In fact, centralized storage always has a single point of failure, which is true for the Kia incident, as well as the previous Twitter and Weibo incidents. Because when a single point of failure occurs, hackers only need to obtain Twitter's internal permissions to use the permissions to change everyone's account.
Frankly speaking, it is difficult to completely avoid data leakage under the premise of traditional centralized data storage architecture, but we don’t have to be discouraged, because the Interstellar File System IPFS and the incentive layer of the IPFS network Filecoin can prevent hackers from doing anything with their distributed storage characteristics.

IPFS — A Better Choice for Data Storage

The http protocol is an Internet communication protocol based on the C/S architecture. It is a mechanism based on the centralized operation of the backbone network. Under the HTTP protocol, most of the data we upload to the HTTP network is stored in a centralized database, such as Alibaba Cloud, Huawei Cloud, Google Cloud, etc.

All data is stored in one place. In order to seek economies of scale, the data center will be built in one place and will be highly dependent on a backbone node. Once the "single-point" center is destroyed or data loss or falsification occurs, the entire network will be paralyzed or receive wrong information, and users' information security and privacy will be easily threatened.
 
In addition, the backbone network under HTTP mode will also be subject to factors such as war, natural disasters, and central server failures, as these may cause the entire Internet to interrupt service.


In 2014, a technology that is comparable to HTTP, the Interplanetary File System (IPFS), was born.

IPFS is built on the basis of Libp2p and MultiFormats. That is to say, IPFS, like all blockchain technologies, is based on P2P, forming a peer-to-peer transmission network. Each node of IPFS can be linked to hundreds or thousands of nodes. At the same time, the already linked nodes are linked out through hundreds or thousands of nodes, thus forming a global super-large network.


As the name implies, "point-to-point transmission network" means that each node can be connected and transmit to each other, that is,
The IPFS network has no central point, and the data stored on the IPFS network is distributed and stored on each node.

In a distributed network without a central point, how can hackers attack the network?


Therefore, the IPFS distributed storage method fundamentally changes the possibility of hackers attacking the network .


Filecoin is a more powerful distributed cloud storage platform

Filecoin is a decentralized storage network based on IPFS and is the only incentive layer on IPFS.

Filecoin adds incentivized permanent storage to IPFS. IPFS users can store data directly on Filecoin, opening the door to numerous applications and scenarios for the network.


With the explosion of new smart devices, more storage devices are needed to access the network to handle these massive amounts of data. According to IDC , by 2025 , the total amount of data in the world will be 175 ZettaBytes . Therefore , in today's world , in addition to dealing with data storage security issues , we will also face data storage challenges.

Filecoin has created a powerful distributed dynamic cloud service platform . Filecoin not only has the characteristics of high data security, low storage cost, and long data retention time , but also after the launch of the Filecoin mainnet , the Filecoin network has demonstrated huge , stable and efficient storage capabilities. In just half a year, with the efforts of global miners and ecological users, it has created a 3E iB storage miracle and built an unparalleled distributed storage network.


Filecoin reduces storage prices by encouraging competition among all storage space providers, including potential online storage brought by new entrants. The following are the main use cases of the Filecoin network:

  • Smart contract storage : automatic and secure storage for hosting, auctions, insurance, games, financial institutions, etc.


  • Human Data Storage : Filecoin will store vital public data, such as encyclopedias, public scientific papers, creative commons datasets, historical archives, and literary works;


  • Standard blockchain use cases : storage of distributed ledgers and applications, supply chains, etc.


  • Payment : Filecoin tokens can be used to pay for products or services and transfer money between users.


  • Timestamping : With the ability to store large amounts of data over long periods of time, Filecoin can provide final timestamping services.


  • Value storage : Filecoin is a distributed, value storage tool supported by a real application - cloud storage service.



In general, Filecoin not only relies on IPFS and enjoys a huge user base on the IPFS network, but also innovatively makes up for the shortcomings of the existing blockchain system in file storage. It combines encryption algorithms with the blockchain's tamper-proof and timestamp-proof features to build an unparalleled decentralized network world with unlimited imagination space.
 


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