It’s a shot in the arm for Google Cloud users at risk of cryptocurrency mining attacks. The Google Cybersecurity Action Team (GCAT) has created a threat detection service to shield “poorly configured” accounts that attackers use to mine cryptocurrency. In a blog post, Google Cloud announced the Virtual Machine Threat Detection (VMTD) release in its Security Command Center (SCC) … [Read more...] about Google Cloud to detect crypto-mining malware on virtual machines
Cloud
Google Cloud ramps up blockchain efforts by launching digital assets team
Blockchain, cryptocurrency and decentralized technology are all fascinating topics that have been heating up for almost a decade. Nowadays, everyone wants to be part of cutting-edge innovations.A Thursday announcement by Yolande Piazza, Google Cloud's VP Financial Services, said the firm has established a Google Cloud digital assets team that will assist clients in creating, … [Read more...] about Google Cloud ramps up blockchain efforts by launching digital assets team
What Is Cloud Mining?
There’s also a great deal of regulatory risk for cloud mining. A vast number of cloud miners used to be housed in China, for instance, since the country offered cheap electricity, and in wet seasons the industry used green energy, too. But in the spring of 2021, China cracked down on its cryptocurrency mining industry and forced miners to shut up shop or shift elsewhere. That … [Read more...] about What Is Cloud Mining?
Hackers Are Attacking Cloud Accounts to Mine Cryptocurrencies, Google Says
Of the 50 hacked Google Cloud Platforms or GCPs, 86% of them were used for cryptocurrency mining, which typically consumes large amounts of computing resources and storage space, Google’s Cybersecurity Action Team wrote in the report. The remainder of the hacking activities included phishing scams and ransomware. Source link … [Read more...] about Hackers Are Attacking Cloud Accounts to Mine Cryptocurrencies, Google Says
Cloud Software Firm Phunware Buys 398 More Bitcoins for About $24M
Mobile cloud software company Phunware (PHUN) announced Monday that it has bought an additional 398 bitcoins for about $23.8 million in cash at an average price of about $59,917 per bitcoin, including fees.The Austin, Texas-based firm says it now holds about 529 bitcoin at an average purchase price of approximately $60,191 per bitcoin, according to a statement Monday.Phunware … [Read more...] about Cloud Software Firm Phunware Buys 398 More Bitcoins for About $24M