Businesses are turning to cloud computing services due to their undeniable advantages. Besides flexible cost structures, connectivity is always assured, making resources accessible. Migrating a company infrastructure to the cloud, however, is easier said than done. Companies need to be aware of and prepare for various cloud security risks. In this post, we explored three of the most common security threats all businesses must address.
Cryptojacking
Cryptojacking is probably one of the biggest threats to companies that utilize cloud services. Also known as “cryptocurrency mining,” the attack requires a lot of computing and electrical power, making it very expensive to pull off. For instance, one Bitcoin transaction requires 215 kilowatt-hours of energy—enough to power an average household for about a week. With the rising popularity of cryptocurrency, the need for more computing power also increases.
To address this issue, threat actors hack into cloud data centers and other cloud-based resources to augment their mining capabilities. Cloud-based cryptojacking malware is sneaked into cloud applications the same way as ransomware and other malware. That is, through phishing…
