Crypto Mining Attacks On Cloud Infrastructures Are On The Rise

Crypto Mining Attacks On Cloud Infrastructures Are On The Rise

Hackers are constantly looking for new ways to make money. Therefore, it was not a surprise when we saw the rise of cryptojacking attacks, which mine cryptos from other people’s computers without their consent, during the bull run last year.

Now, a new report made by AT&T Cybersecurity has shown that many hackers are attacking cloud infrastructures. According to the reports, organizations both small and big are facing several of these attacks, despite the fact that the bear market has made the price of the cryptos fall.

AT&T Outlines Four Major Tactics Of The Attacks

On its report, the organization has outlined a total of four major tactics which are being used by hackers from all over the world in order to exploit these platforms.

The first one by compromising container management platforms, which are deployed by the companies and have everything that you need in order to run the software. Many hackers used fake unauthenticated management interfaces and APIs to use these platforms for mining.

Another process is by exploiting the control panel using other means. Stealing APIs in order to compromise the platforms by the inside is another important tactic for hackers.

Finally, we still got the spread of malicious Docker Images, which are filed comprised of multiple layers that execute code. These images are used as a way to attack companies.

In all of these cases, the cloud gets vulnerable to the attack and then the attackers are able to use them for a while. Since clouds are very powerful, they are good targets for this kind of hacker.

AT&T cited a case in its report about an attack reported by RedLock, a security vendor. In this case, the attacker used an open source container in order to attack the Kubernetes system. Then they used the server to mine Monero and steal data from the client, which will probably be sold later.

On its report, AT&T provides several strategies that can be used in order to protect cloud structures to be illegally used for mining without the consent of the owners.

Crypto Mining Market Is Facing Tough Times

Despite the popularity of this kind of attack, it has to be said that the mining market is facing a bad time since prices are down and the profit margin of the people who are mining cryptos is getting very slim now.

Companies like Coinhive, the crypto mining service, have recently closed as they have become economically “inefficient”. Several similar services have also shut down because of this.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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