Cryptojacking Public Cloud Environments Becoming More Popular

Dateline: March 23, 2018

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

Cybersecurity seems to be taking a new turn with the bad guys using our systems to mine their own cryptocurrencies, not just to hold us ransom or steal our data.  They are now stealing our cloud-based processing power and this is being called “cryptojacking”.  Recently TechTarget Security published an article titled Cryptojacking Attacks Hit Enterprises’ Cloud Servers.  Tesla, Gemalto, and Aviva,  just to name a few, have found these  They reported,

[Cloud security vendor] RedLock said the attacks show that crypotjacking is becoming increasingly popular among cybercriminals. “The skyrocketing value of cryptocurrencies is prompting hackers to shift their focus from stealing data to stealing compute power in organizations’ public cloud environments,” the vendor wrote. “The nefarious network activity is going completely unnoticed.

Have your cyber team insured that your cloud-based systems are not being infiltrated this way? How can your cloud provider assist?

That’s a WRAP!  Have a great weekend!

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