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Hacked cloud accounts are being used to mine crypto, says Google

advertisement A report released this week by Google indicates that a majority of recently attacked accounts on its Google Cloud Platform service were used to mine cryptocurrency. The Threat Horizons report for November stated that “[m]alicious actors were observed performing cryptocurrency mining within compromised Cloud instances.” “Of 50 recently compromised GCP instances, 86% of the compromised Google Cloud instances were used to perform cryptocurrency mining, a cloud resource-intensive for-profit activity, which typically consumed CPU/GPU resources, or in cases of Chia …

Unpacking the Biden administration’s (crypto-friendly) blitz on ransomware

Quick Take The Biden administration’s rollout of its strategy against ransomware managed to get all of the relevant government agencies on the same page. It also went out of its way not to upset the crypto industry, which has reacted vocally to recent threats of a crackdown.  This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Source link