Google’s $1M Guarantee Against Undetected Cryptomining Threats

Google Cloud has pledged $1 million to combat stealthy cryptomining malware. This commitment aims to protect Security Command Center Premium customers from unwanted compute expenses, according to the Theregister. 

Cryptomining attacks are on the rise, with 65% of compromised cloud accounts linked to cryptocurrency mining. Google’s Cybersecurity Action Team revealed this startling statistic.

Once hackers breach a system, they discretely deploy mining malware. They use stolen computing resources to mine cryptocurrencies. The victims only notice this intrusion when their workloads lag and computing costs surge.

In response, Google promises to promptly detect and halt these attacks. They aim to do this without resorting to agents that could compromise performance or expand the attack surface.

Google’s approach will rely on scanning the virtual machine memory for mining malware. This strategy aims to detect attacks overlooked by other security tools that only analyze cloud logs and API data.

If Google’s efforts fail to protect its premium cloud security customers, they will reimburse them up to $1 million. This commitment highlights Google’s confidence in its ability to mitigate these stealthy threats.

In related news, security researchers have discovered a mining botnet, HeadCrab, affecting 1,200 Redis servers worldwide. The malware targets Monero cryptocurrency. The hackers behind HeadCrab anticipate a yearly profit of $4,500 per infected server.

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