This Week in Security News - April 1, 2022
Probing the activities of cloud-based cryptocurrency-mining groups, and Lapsus$ ‘back from vacation’
Stay updated with the latest trends and security protocols in cloud computing. Navigate the evolving landscape of Cloud Information Security with us.
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Background for this topic.
Cloud computing involves delivering computing services—such as storage, processing, and networking—over the internet using remote data centers. This model enables organizations to scale resources dynamically without owning physical infrastructure. In security terms, the cloud environment is defined by multi-tenant infrastructure where multiple customers share hardware and software resources managed by a cloud provider.
Key security concerns include controlling access through strong identity and access management (IAM), protecting data with encryption both at rest and in transit, and managing vulnerabilities in shared infrastructure components. The cloud’s shared responsibility model requires customers to secure their applications and data while providers secure the underlying platform. Misconfigurations, weak access controls, and insufficient monitoring can expose cloud assets to unauthorized access or data leakage, making precise configuration and continuous security assessment essential.
Probing the activities of cloud-based cryptocurrency-mining groups, and Lapsus$ ‘back from vacation’
Learn more about cloud-based cryptomining, its repercussions, and how CISOs can create an effective risk mitigation strategy for this threat.
One of the recent trends we’ve observed is the rise of cloud-based cryptocurrency-mining groups that exploit cloud resources, specifically the CPU power of deployed cloud instances, to mine cryptocurrency.