The search engine giant announced that Crypto mining hackers have set their eyes on Google Cloud consumers. The tech firm confirmed that most compromised Cloud accounts involve crypto thefts.
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A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions, and now have a market cap of around 175 Billion USD, the crypto sector coninues to grow.
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Because of this, the Google cybersecurity action team released a report explaining the mining hacking content within the breached Cloud accounts.
As of the moment, the cryptocurrency market is further expanding as more investors arrive. Many companies, such as Tesla, started investing in various digital coins, believing that these blockchain tokens would provide long-term financial benefits.
Recently, TechTimes reported that a new crypto project called “Lord of the Rings” has arrived. On the other hand, El Salvador announced that he wanted to create the first Bitcoin city.
All these details show how the crypto industry further grows. However, it also attracts cybercriminals and other malicious actors because of its success.
Crypto Hackers Now Targeting Google Cloud
According to The Guardian’s latest report, almost 100% of the compromised Google Cloud accounts are linked to crypto mining thefts.
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LONDON, ENGLAND – MAY 30: In this photo illustration, a visual representation of Bitcoin cryptocurrency is pictured on May 30, 2021 in London, England. Bitcoin is a decentralised digital currency, which has been in use since 2009.
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“86% of the compromised Google Cloud instances were used to perform cryptocurrency mining, a cloud resource-intensive for-profit activity,” said the search engine giant.
In Google’s latest cybersecurity report, the company explained why the current crypto mining hacks are quite alarming. The company said that the hackers were able to deploy their crypto mining hacking software in just 22 seconds.
What Google Recommends
As of the moment, Google advised its Cloud consumers to do the usual security measures that it has been suggesting for the past few years in its other services.
These include using two-factor authentication and signing up to the search engine giant’s Work Safer Security program. You can view this link for more details.
On the other hand, PYMNTS reported that hackers are also eyeing small blockchain investors via their mobile gadgets. As of the moment, people might still see more malicious campaigns in the crypto industry as it expands.
For more news updates about 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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