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Cybercriminals constantly seek new methods to monetize their attacks. Ransomware and CEO fraud have provided a You forgot to provide an Email Address. This email address is already registered. You have exceeded the maximum character limit. Please provide a Corporate E-mail Address. Please check the box if you want to proceed. Instead of installing remote access Trojans or ransomware, cryptojacking hackers install cryptomining software onto vulnerable devices and steal their computing power to generate large volumes of cryptocurrency that can then be traded anonymously.

The most high-profile company known to have been affected by a cloud cryptojacking attack recently is Tesla. Hackers took advantage of a misconfigured cloud administration interface to gain access to Tesla's systems, and then found the password for part of its AWS infrastructure.

They then surreptitiously installed cryptomining software to mine bitcoin. It is unclear how much they were able to mine before Tesla was made aware of the exposed cloud services, but we know of other cloud cryptojacking attacks that have netted millions of dollars. Preventing this type of cloud cryptojacking attack requires an organization to examine its overall security maturity and cyber resilience. First, organizations must prevent hackers from finding an easy method to breach their cloud infrastructure.

In order to automate the process of installing cryptojacking software, hackers use mass scanners to scour the internet for signatures associated with cloud services that may be misconfigured, such as those that do not require a password. Therefore, the first step for an organization should be to harden its cloud infrastructure and ensure that all its services are protected with strong passphrases, and that multifactor authentication is enabled where possible.

The security of the operating systems and software installed on cloud instances is the organization's responsibility, and endpoint protection should be used on all on-premises devices. This should enable users to detect and quarantine malware, such as cryptominers.

The next step is for the organization to have a method to detect whether the cloud services it employs are being misused. Cryptomining is an intensive process that uses significant computing power. Because cloud usage is charged based on the processing power used, any fluctuations in costs should be flagged. It is possible that this cost change may go unnoticed in a company the size of Tesla due to its large cloud services footprint, but it should be possible for smaller companies and those with precise control of their cloud infrastructure.

Although tracking increases in cloud usage can help detect cryptomining software, organizations can also use network monitoring, which is available by default in the administration console of major IaaS providers. However, this does require that the organization have dedicated staff to track the security of the cloud environments, or that they outsource it to a separate security operations center.

By taking control of large numbers of devices, cybercriminals can outsource the costs associated with the mining process. Compared to other types of cyberattacks, this has a relatively low impact on the victim.

However, by combining prevention and detection, it is possible to stop an organization from falling victim to a cloud cryptojacking attack. By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. A new Spectre vulnerability was disclosed this week, adding to concerns about side channel attacks exploiting speculative Recorded Future's Levi Gundert discusses how the Iranian government uses proxies and contractors to launch cyberattacks, and how The 'Sun Team' group of North Korean hackers placed malicious apps in the Google Play store to target defectors and steal Scalability is one of the cloud's biggest advantages, but misuse of the feature can cost you.

Pay special attention to these A hybrid cloud proof of concept is an important step to ensure a deployment will fully meet IT and business needs. Google Cloud analytics tools are well-regarded for their technology, but not necessarily for their ease of use. AWS offers compute power at your fingertips, but cloud resources can quickly drive up costs if users aren't careful.

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But the biggest consideration might be how much control Even though SaaS applications are now indispensible to many enterprises, their lack of flexibility still presents a challenge Stateful applications in the cloud pose an ongoing challenge for development and operations teams. Review four ways to address While on-premises BPM tools have caused a tug of war between lines of business and IT, the cloud helps appease both sides.

When evaluating private cloud services, consider offerings that provide an intuitive self-service portal, RBAC, capacity planning Evaluate the key features of Amazon Virtual Private Cloud, learn about its advantages and disadvantages, and consider pricing and IT admins weighing the options available for cloud and virtualization services against use cases and economics must navigate a VMware micro-segmentation technology reaches from NSX to AppDefense and points to a new future for network security that Using VMware Workstation to establish a testing environment for VMs is cheaper than consuming primary virtual resources, and it VMware's technology is growing, and IT admins must grow their skills in kind.

The admin role is growing beyond virtualization, CDP-based data protection product will allow point-in-time copies from seconds to years ago with Elastic Journal, as part of a Supermarket giant Tesco has announced it will be closing its Tesco Direct website, which focuses on the sale of non-food-related Sign in for existing members.

Step 2 of This was last published in May Prepare for the CCSP cloud certification exam: Domain 1 SQL injection attacks: How to defend your enterprise Cloud security lessons to learn from the Uber data breach Top five cloud security applications for infosec pros Load More View All. Research shows enterprises leaking shadow data to the cloud Study: Cloud app data sharing growth increases risks Cloud incident response planning: Domain 1 Cloud incident response: What enterprises need to include in a plan Cloud DDoS protection: What enterprises need to know Data breach compensation: Cloud security lessons to learn from the Uber data breach Ransomware in the cloud: How to handle the threat How to effectively manage the cloud logs of security events DDoS mitigation services: How to defend your enterprise How to handle configuration management in the cloud without issue Four common cloud attacks and how to prepare for them How to detect and mitigate malicious content from the cloud Load More View All Problem solve.

Add My Comment Register. Login Forgot your password? Submit your e-mail address below. We'll send you an email containing your password. Your password has been sent to: Please create a username to comment. Are you concerned about unauthorized cryptomining software accessing your cloud environment? Search Security Newly disclosed Spectre variant 4 brings more side channel concerns A new Spectre vulnerability was disclosed this week, adding to concerns about side channel attacks exploiting speculative Recorded Future sheds light on Iranian hacking operations Recorded Future's Levi Gundert discusses how the Iranian government uses proxies and contractors to launch cyberattacks, and how Search Cloud Computing Don't let scalability ruin a cloud cost management strategy Scalability is one of the cloud's biggest advantages, but misuse of the feature can cost you.

Four tips for a successful hybrid cloud POC A hybrid cloud proof of concept is an important step to ensure a deployment will fully meet IT and business needs. Google acquisition aims to simplify big data projects Google Cloud analytics tools are well-regarded for their technology, but not necessarily for their ease of use. EC2 features geared toward modest enterprise adoption AWS infrastructure services now offer more VM control, licensing flexibility and a price cut -- all part of its plan to lure Assess five ways to deploy AWS containers to production AWS provides myriad container options to suit different deployment needs.

Search Cloud Applications Cloud-based applications pose tough integration challenges Even though SaaS applications are now indispensible to many enterprises, their lack of flexibility still presents a challenge Four options to manage stateful apps in the cloud Stateful applications in the cloud pose an ongoing challenge for development and operations teams.

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Build a VMware sandbox testing environment with Workstation Using VMware Workstation to establish a testing environment for VMs is cheaper than consuming primary virtual resources, and it Tesco announces closure of non-food website Tesco Direct Supermarket giant Tesco has announced it will be closing its Tesco Direct website, which focuses on the sale of non-food-related

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