The search engine giant announced that crypto mining hackers have turned their eyes to Google Cloud consumers. The tech company confirmed that most of the compromised cloud accounts involve crypto theft.
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A visual representation of the digital cryptocurrency Bitcoin on December 07, 2017 in London, England. Cryptocurrencies like Bitcoin, Ethereum, and Lightcoin saw unprecedented growth in 2017, although they continue to be extremely volatile. While digital currencies have shared opinions across financial institutions across the board and now have a market capitalization of around $ 175 billion, the crypto sector continues to grow.
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Because of this, the Google cybersecurity action team released a report explaining the mining hacking content in the hacked cloud accounts.
At the moment, the cryptocurrency market continues to expand as more and more investors arrive. Many companies like Tesla started investing in various digital coins believing that these blockchain tokens would provide long-term financial benefits.
TechTimes recently reported that a new crypto project called “Lord of the Rings” has arrived. On the other hand, El Salvador announced that it wanted to found the first Bitcoin city.
All of these details show how the crypto industry continues to grow. However, because of its success, it also attracts cyber criminals and other malicious actors.
Crypto hackers are now targeting Google Cloud
According to the latest report from The Guardian, almost 100% of compromised Google Cloud accounts are linked to crypto mining theft.
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LONDON, ENGLAND – MAY 30: This photo illustration shows a visual representation of the Bitcoin cryptocurrency on May 30, 2021 in London, England. Bitcoin is a decentralized digital currency that has been in use since 2009.
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“86% of the compromised Google Cloud instances were used for mining cryptocurrencies, a for-profit activity that intensifies cloud resources,” said the search engine giant.
In Google’s latest cybersecurity report, the company explained why the current crypto mining hacks are pretty alarming. The company said the hackers were able to deploy their crypto mining hacking software in just 22 seconds.
What Google recommends
Currently, Google is advising its cloud users to take the usual security measures it has suggested for its other services over the past several years.
This includes using two-factor authentication and signing up for the search engine giant’s Work Safer Security program. You can view this link for more details.
On the flip side, PYMNTS reported that hackers are also keeping an eye on small blockchain investors through their mobile devices. Right now, people could see even more malicious campaigns in the crypto industry as it expands.
For more news 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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