wordpress blog stats
Connect with us

Hi, what are you looking for?

Malicious actors hacked Google Cloud platforms to mine cryptocurrencies: Report

Weak passwords and other poor customer practices allowed hackers to gain entry, majority of the time.

Compromised Google Cloud Platforms (GCP) were being used by malicious actors to perform cryptocurrency mining, according to a report by Google’s Cybersecurity Action Team. The report said that of the 50 compromised GCP instances that its team observed, 86% of them were being used to perform cryptocurrency mining, which they described as a "cloud resource-intensive for profit activity". This report shows how malicious actors are driven by cryptocurrencies and related activities to indulge in illegal practices such as, in this case, hacking platforms. Money laundering concerns and scams have also been linked to the crypto market which is unregulated in most countries. A crypto bill is soon to be tabled in India's Parliament. How did the malicious actors gain access? According to the report, "Malicious actors gained access to the Google Cloud instances by taking advantage of poor customer security…

Please subscribe/login to read the full story.
Written By

Among other subjects, I cover the increasing usage of emerging technologies, especially for surveillance in India

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ