Google Cloud, 86% of hacks are aimed at crypto asset mining: Google

Google Cloud, 86% of hacks are aimed at crypto asset mining: Google

Of the hacked Google Cloud accounts, 86% were used for crypto asset (cryptocurrency) mining. The company's Cybersecurity Action Team wrote in the report. A large amount of money has been collected in crypto assets, and hacking damage is still occurring frequently. In May 2020, hackers installed malware for crypto asset mining on corporate servers, exploiting vulnerabilities in popular open source software used by IBM, LinkedIn, eBay, and others. In August of this year, the Poly Network of the DeFi (decentralized finance) project was hacked, and crypto assets of more than about 600 million dollars (about 66 billion yen), which is the largest ever, were leaked. In the past, Mt.Gox, one of the world's largest Bitcoin exchanges at the time, leaked $ 460 million worth of Bitcoin, which filed for bankruptcy in March 2014.

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Poor security measures

Most of the hacks to Google Cloud are mainly due to insufficient security measures of customers such as poor password setting or not setting password in the first place. "In about 75% of hacking cases, hackers used inadequate customer security measures and vulnerabilities in third-party software to hack." (Report) In one case, mining took 22 seconds from the start of hacking. Software has been installed. It is impossible to prevent such attacks manually. "The best defense is to avoid creating vulnerable systems or to have an automated response mechanism," the report notes. To prevent these attacks, Google recommends several different security measures, such as investigating vulnerabilities, using two-factor authentication, and deploying the company's security product, Work Safer. ｜ Translation: coindesk JAPAN ｜ Editing: Takayuki Masuda ｜ Image: Shutterstock ｜ Original: Hackers Are Attacking Cloud Accounts to Mine Cryptocurrencies, Google Says

CoinDesk Japan Editorial Department