The search engine giant has announced that Crypto mining hackers have set their sights on Google Cloud consumers. The tech company confirmed that most of the compromised cloud accounts involved crypto theft.
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A visual representation of the digital cryptocurrency, Bitcoin on December 07, 2017 in London, England. Cryptocurrencies, notably Bitcoin, Ethereum, and Lightcoin, experienced unprecedented growth in 2017, although they remained extremely volatile. While digital currencies across the board have divided opinions among financial institutions and now have a market cap of around $ 175 billion, the crypto industry continues to grow.
Related Article: Fake NFT Drop on Discord: Video Game Company To Reimburse Buyers $ 1.1 Million In Crypto
For this reason, Google’s cybersecurity action team released a report explaining mining hacking content in breached cloud accounts.
For now, the cryptocurrency market continues to expand as more and more investors arrive. Many companies, such as Tesla, have started investing in various digital coins, believing that these blockchain tokens will provide long-term financial benefits.
Recently, TechTimes reported that a new crypto project called “The Lord of the Rings” has arrived. El Salvador, on the other hand, has announced that it wants to create the first Bitcoin city.
All of these details show how the crypto industry is developing further. However, it also attracts cybercriminals and other malicious actors due to its success.
Crypto hackers now target Google Cloud
Almost 100% of compromised Google Cloud accounts are linked to crypto mining thefts, according to The Guardian’s latest report.
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LONDON, ENGLAND – MAY 30: In this photo illustration a visual representation of the Bitcoin cryptocurrency is shown on May 30, 2021 in London, England. Bitcoin is a decentralized digital currency, in use since 2009.
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“86% of compromised Google Cloud instances were used for cryptocurrency mining, a for-profit activity that consumes cloud resources,” the search engine giant said.
In Google’s latest cybersecurity report, the company explained why the current crypto-mining hacks are quite alarming. The company said the hackers were able to deploy their crypto-mining hacking software in just 22 seconds.
What Google recommends
For the moment, Google has advised its Cloud consumers to take the usual security measures that it has been offering for a few years in its other services.
These include the use of two-factor authentication and enrollment in the search engine giant’s Work Safer Security program. You can check this link for more details.
On the flip side, PYMNTS reported that hackers are also eyeing small blockchain investors through their mobile gadgets. At the moment, people could still see more malicious campaigns in the crypto industry as it grows.
For more updates on cryptocurrency hackers and other malicious actors, always keep your tabs open here at TechTimes.
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Written by: Griffin davis
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