A now arrested Ukrainian-based hacker infiltrated cloud-computing accounts to create over 1M virtual servers to mine $2M worth of cryptocurrencies, Europol announced.
The Europol investigation shed light on the dangers behind cloud computer hijacking campaigns used for large-scale illicit crypto mining.
US energy firm BHI Energy has shared details about an Akira ransomware gang attack that breached its network in May this year.
The gang used a third-party contractor’s account to reach BHI’s internal network through a VPN connection. In the weeks that followed the breach, 767K files, containing 690 GB of data were stolen. These included BHI’s Windows Active Directory database.
There is mounting evidence that companies may have been naive in accepting Big Tech’s optimistic assurances that sensitive data can be stored more securely in the cloud than on the company’s own servers. In its latest Attack Surface Threat report, Silicon Valley-based cybersecurity firm Palo Alto Networks reveals that the cloud has now become “the dominant attack surface”, with four out of five security vulnerabilities observed in organizations across all sectors coming from a cloud environment.
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