Hacked Google Cloud accounts were used by 86% of the “malicious actors” to mine crypto currencies, according to data from google.
Out of the 50 hacked Google Cloud Platforms , 86% of them were used for cryptocurrency mining, which typically consumes large amounts of computing resources and storage space, Google’s Cybersecurity Action Team stated in their report. The remainder of the hacking activities included phishing scams and ransomware.
Exploits such as this remain common in the digital assets space, especially with large amounts of capital flowing into the industry. In May a hacking group installed crypto mining malware into a company server through a weakness in Salt, a popular infrastructure tool used by IBM, LinkedIn and eBay.
Moreover, in August, more than $600 million was stolen in one of the biggest crypto heists to date, exploiting a vulnerability in the Poly Network, although some of the amounts were returned. Meanwhile, Mt. Gox, the world’s largest bitcoin exchange at the time, filed for bankruptcy in March 2014 after hackers stole $460 million worth of crypto.
