Cybercriminals Go Cloudsurfing to Mine Bitcoins
Technology has come to that point where all businesses are migrating to cloud based services. Everything from emails, websites, file sharing to enterprise level software run on cloud services these days. Therefore, it doesn't come as a surprise that the cybercriminals are also choosing greener pastures for their business (if you can call it so). Cloud: The New Home for Cybercriminals. It was found that the number of attacks on cloud services have gradually increased in the past one year and the trend is expected to continue. Alcatel Lucent's Motive Security Labs define cloud services as....
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Github services is under investigation after a series of reports on attacks against one of its infrastructures by running unauthorized crypto mining apps. Cybercriminals allegedly exploited some security flaws that could have been exploited to mine cryptos illicitly. Attacks Exploit ‘Github Actions’ According to The Record, a Dutch security engineer, Justin Perdok, detected a cyberattacker targeting repositories belonging to Github. Attacks have been taking place since November 2020, said the report. Perdok pointed out that the series of attacks “abused a Github feature....
Seven years ago, Bitcoin had essentially no price. For a time, bitcoins were worth pennies. Mining them was far more simple, as one could even use CPUs. These days, a Bitcoin costs over $750. This is a trend that will need to persist if the decentralized network wants to continue existing, and here’s why. Miners in the Bitcoin system mine (produce) the bitcoins. Their process also helps to secure the network from attackers. They don’t do this for free, however, as for each mined block, a miner (many of which are now industrial) can earn 12.5 bitcoins. Over time, however, the block reward....
A detailed exploration of a bitcoin mine in Dalian, a major city in the north-east of mainland China, has been published by VICE's technology title Motherboard. The facility is called the No. 1 Bitcoin Mine. It contains 3,000 miners and costs $80,000 a month for 1,250 kW of electricity to keep them running, according to the film. It's located in the Changcheng area, in the waterfront Lushunkou district. The mine appears to be cooled by huge industrial fans mounted on the walls of the building. According to Motherboard, a "persistent, deafening buzz" emanates from the fans in the hot summer....
Cybercriminals are making a killing on the dark net, earning anywhere between $1000 to $200,000 a month. Ever wondered why the number of hacking incidents or ransomware attacks has increased over the years? The answer to that question is good pay. For those who didn’t know, cybercriminals manage to make a decent amount of money each month at others’ expense. A recent report states that the monthly payouts for their crimes are on an average of $1000 to $3000. The report, published by Recorded Future is the result of a thorough study conducted by the organization on the dark web. The....
Staying ahead of cybercriminals for both individuals and especially enterprises is like playing cat and mouse, with so much money at stake, cybercriminals are constantly upping their game, and the sophistication of their attacks. This explains why cybersecurity attacks in 2021, according to the Identity Theft Resource Center (ITRC), have already surpassed the total number […]