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Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by naijapower(m): 12:46pm On Nov 30, 2021
Cyberhackers are using compromised cloud accounts to mine cryptocurrency, Google has warned.

Details of the mining hack are contained in a report by Google’s cybersecurity action team, which spots hacking threats against its cloud service – a collection of remote computing services which can include storage of customers’ data and files off-site – and gives advice on how to tackle them.

Other threats identified by the team in its first “threat horizon” report include: Russian state hackers attempting to gain users’ passwords by warning they have been targeted by government-backed attackers; North Korean hackers posing as Samsung job recruiters; and the use of heavy encryption in ransomware attacks.

“Mining” is the name for the process by which blockchains such as those that underpin cryptocurrencies are regulated and verified, and requires a significant amount of computing power. Google reported that of 50 recent hacks of its cloud computing service, more than 80% were used to perform cryptocurrency mining.

The report said that “86% of the compromised Google Cloud instances were used to perform cryptocurrency mining, a cloud resource-intensive for-profit activity”, adding that in the majority of cases the cryptocurrency mining software was downloaded within 22 seconds of the account being compromised. Google said that in three-quarters of the cloud hacks the attackershad taken advantage of poor customer security or vulnerable third-party software.

Google’s recommendations to its cloud customers to improve their security include two-factor authentication – an extra layer of security on top of a generic user name and password – and signing up to the company’s work safer security programme.

Elsewhere in the report, Google said the Russian government-backed hacking group APT28, also known as Fancy Bear, targeted 12,000 Gmail accounts in a mass attempt at phishing, where users are tricked into handing over their login details. The attackers attempted to lure account holders into handing over their details via an email that said: “We believe that government-backed attackers may be trying to trick you to get your account password.” Google said it had blocked all the phishing emails in the attack – which focused on the UK, the US and India – and no users’ details had been compromised.

Another hacking ruse flagged by Google in the report involved a North Korea-backed hacker group posing as recruiters at Samsung and sending fake job opportunities to employees at South Korean information security companies. Victims were then steered towards a malicious link to malware stored in Google Drive, which has now been blocked.

Google said dealing with ransomware attacks, where the files and data on a user’s computer are encrypted by the attacker until a payment is made for their release, was difficult because heavy encryption “makes recovery of files nearly impossible without paying for the decryption tool”. The report flags the emergence of Black Matter, which it describes as a “formidable ransomware family”.

However, at the beginning of the month Black Matter said it was shutting down due to “pressure from the authorities”. Black Matter victims include the Japanese technology group Olympus.

The Google report said: “Google has received reports that the Black Matter ransomware group has announced it will shut down operations given outside pressure. Until this is confirmed, Black Matter still poses a risk.”
[url] https://www.theguardian.com/technology/2021/nov/25/cryptocurrency-miner-hacked-google-cloud-account-cybersecurity-action-team-threat-horizon-report [/url]

7 Likes 3 Shares

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Jimalicoco(m): 12:50pm On Nov 30, 2021
Nawaoooo...
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by tamdun: 1:23pm On Nov 30, 2021
grin all na scam, go and do a legit business

7 Likes 1 Share

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by lightwind(m): 1:23pm On Nov 30, 2021
Nawaoooo
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by ImoleNaija: 1:24pm On Nov 30, 2021
Death to all scammers undecided

ugodson:
Have u not scammed someone in ur entire life but u called it being smart?

God forbid!

12 Likes

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Born2winKingOG: 1:24pm On Nov 30, 2021
btc go soon drop because of this news

3 Likes

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Ragner(m): 1:24pm On Nov 30, 2021
ngl, I don't understand a thing.

Can someone who understands explain better in lay man terms. At least a lay man that has some sort of interest in Crypto

3 Likes

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Sunofgod(m): 1:25pm On Nov 30, 2021
Invest in gold....

2 Likes

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Vicintonsh(m): 1:26pm On Nov 30, 2021
If it’s online, it’s vulnerable
you can’t be too careful online

13 Likes

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by talk2hb1(m): 1:26pm On Nov 30, 2021
Kai
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by TalkTalkTwins(m): 1:31pm On Nov 30, 2021
shocked
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Mancrossfire: 1:32pm On Nov 30, 2021
F
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by tradepunter: 1:32pm On Nov 30, 2021
All the Cyber brains dy google...

Na why China dy hack Yankee government anyhow

1 Like

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by bigdammyj: 1:32pm On Nov 30, 2021
Okay
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Ghostmode2two(m): 1:33pm On Nov 30, 2021
Scammers everywhere
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by TheWolfen(m): 1:33pm On Nov 30, 2021
Elsewhere in the report, Google said the Russian government-backed hacking group APT28, also known as Fancy Bear, targeted 12,000 Gmail accounts in a mass attempt at phishing, where users are tricked into handing over their login details.

If people are that dumb to give their google account login details to strangers then that is not hacking

1 Like

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by ugodson(m): 1:35pm On Nov 30, 2021
ImoleNaija:
Death to all scammers undecided

Na wah ooo! How do u know ur benefactors are not scammers? Pls bro don't wish them death. If u like think am a scammer,I will confidently tell u am not.

Have u not scammed someone in ur entire life but u called it being smart?

16 Likes 2 Shares

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Fx12: 1:35pm On Nov 30, 2021
Invest in Gold or foreign Exchange(FOREX)... check my SIG for more info
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by REMMEI(m): 1:36pm On Nov 30, 2021
All I see is a conspiracy against the Russians... How do they even confirmed it's the Russian hackers.

US that owns goggle haven't adopted crypto currency fully.. Now they are trying to bring the market down by propagating these news about hacking and all.. By the time crypto dropped fully, they will then buy in bulk. Like owning larger BTC worth.

They just want to own everything.. They did the same to Blackberry, a Canadian owned company.

Damn them!

12 Likes

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by alba52: 1:40pm On Nov 30, 2021
shocked
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by WibusJaga: 1:41pm On Nov 30, 2021
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Authoreety: 1:48pm On Nov 30, 2021
Serious
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by khalids: 1:50pm On Nov 30, 2021
Ragner:
ngl, I don't understand a thing.

Can someone who understands explain better in lay man terms. At least a lay man that has some sort of interest in Crypto
So basically in order to mine cryptocurrency (i.e solve some blockchain eq to gain tokens)...you need some good computer rig setup, this setup and mining cost time, money, and power (electricity)....

Google offers infrastructure as a service, where you can set up a server/computing rig on google cloud and run whatever kind of service you want for a fee...

So basically these hackers are hacking into this service(people who have cloud service accounts) and setting up mining rigs on google cloud for free....mining their cryptocurrency without paying (money and power cost)

17 Likes 1 Share

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by paddyDIGITAL(m): 1:57pm On Nov 30, 2021
Everything facing one form of fraud/attack or another. So much quagmire.
May God help us.
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by KaluwisxPRO: 2:04pm On Nov 30, 2021
Ragner:
ngl, I don't understand a thing.

Can someone who understands explain better in lay man terms. At least a lay man that has some sort of interest in Crypto


The process of generating power is called power generation, the process of giving birth to Bitcoin for example is called Mining. Mining power is generated from plugging together several computing machine, that Carrie’s out the mathematical process of confirming crypto transactions in other words, Bitcoin is generated through mining.

These machine power has advanced to the stage where it can be done wirelessly (cloud power) since google has a big storage capacity with their super computers, they have the largest mining power worldwide. should google get involved with crypto, it’s game over for those who are against crypto. Hackers know this, so they’re targeting people and companies using these google cloud services like it’s theirs to solve crypto transactions for the purpose of making profits.

12 Likes

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Investorozay: 2:05pm On Nov 30, 2021
lol
for cloud miners nothing concern me

1 Like

Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Nobody: 2:06pm On Nov 30, 2021
It is well
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Himtulie247: 2:06pm On Nov 30, 2021
grin
Re: Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by Enibanks(f): 2:08pm On Nov 30, 2021
it is well shaaaaa wahala for who no crypto..... i just noticed that that crypto started with CRY...pto so if anyone should cry i am not surprise at all

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