Google warns cryptocurrency miners are compromising cloud accounts and offers advice on how to combat the cyber danger




Hackers are increasingly targeting hijacked cloud accounts to mine bitcoins, according to Google, the world’s largest search engine. The revelation is included in a recent report from Google’s internal cybersecurity action team.

Google’s cybersecurity team, which detects and advises on cyber threats, has produced a paper named “threat horizon” that sheds light on a number of issues that are currently lurking in cyberspace.

The greatest serious threat to cyberspace, though, is one that is capitalizing on today’s buzzword, cryptocurrencies.

Because “mining” the blockchains that support cryptocurrencies necessitates a substantial amount of computer power and pricey software, it is estimated that 86 percent of cloud computing hacks are utilized for bitcoin mining.

Other types of cybercrime

APT28, also known as Fancy Bear, a Russian government-backed hacking outfit, targeted 12,000 Gmail accounts in one instance, duping users into passing over their user data via email, according to the Google study.

According to Google, the attempt was foiled when all phishing emails – ‘which predominantly targeted the United Kingdom, the United States, and India – and no user information was acquired’ – were blocked.

Another attempt was made by North Korean-supported attackers to get Google Cloud customers in South Korea to click on bogus Samsung employment postings. This intrusion specifically targeted employees of South Korean information security firms. Users were routed to a potentially dangerous website that included malware stored on Google Drive. The link has been deactivated.

According to the report, Google has also failed to deal with ransomware assaults, in which attackers lock files and data on a user’s computer until a ransom is paid for their release because the encryption is so strong that recovering them without a decryption tool is nearly impossible.

Furthermore, the inquiry focused on the use of the Black Matter malware. Olympus, a Japanese technological business, is one of the most apparent victims of Black Matter, having declared its closure due to “government pressure.” Until then, the threat remains grave.

Google offers advice on how to guard against cyber-threats

Google recommends Cloud-based service clients to strengthen their security by implementing two-factor authentication and enrolling in Google’s work safer security program.

Read More: Cryptocurrency Prices Stable In India As Investors Await Details Of New Bill




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