Crypto Miners Are Using Hacked Cloud Accounts, Google Alerts

According to the Threat Horizon report, the cybersecurity team explains hackers are using Cloud Accounts Service.

Cyberhackers are using compromised cloud accounts to mine cryptocurrency, Google has warned.

In other words, with less security crypto cloud account, hackers are doing malicious activities to mine Cryptocurrency.

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 remote storage system where Google stores 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.

Google reported that of 50 recent hacks of its cloud computing service, more than 80% were used to perform cryptocurrency mining.

Mining is the name for the process by which blockchains such as those that underpin cryptocurrencies are regulated and verified and require a significant amount of computing power.

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