Reportedly, cryptocurrency miners are using hacked cloud accounts to mine cryptocurrency.
Google cybersecurity action team published a report showing the details of the hack in which the hackers have been using compromised cloud accounts, a collection of remote computing services which can include storage of customers’ data and files off-site – and gives advice on how to tackle them.
In addition to this, Russian-based hackers have been saying that they are being attacked by government-based attackers, so they have been targeting the users and gaining access to the accounts by hacking them and getting passwords.
The report said that “86% of the compromised Google Cloud instances were used to perform cryptocurrency mining, a cloud resource-intensive for-profit activity”, adding that in the majority of cases the cryptocurrency mining software was downloaded within 22 seconds of the account being compromised.According to the reports of The Guardian
Google has been recommending its users to go for two-factor authentication, which is an extra layer of protection other than name and password. Doing this will make the process more efficient for the company.
Hence, the customers should be very careful while using cryptocurrency and sharing passwords with anyone or opening any links as the hackers are being very proactive in stealing the data and mining cryptocurrency.