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Ransomware Hackers and Scammers Utilizing Cloud Mining to Launder Cryptocurrency

Ransomware Hackers and Scammers Utilizing Cloud Mining to Launder Cryptocurrency

Jun 15, 2023 Cryptocurrency / Ransomware
Ransomware actors and cryptocurrency scammers have joined nation-state actors in abusing cloud mining services to launder digital assets, new findings reveal. "Cryptocurrency mining is a crucial part of our industry, but it also holds special appeal to bad actors, as it provides a means to acquire money with a totally clean on-chain original source," blockchain analytics firm Chainalysis  said  in a report shared with The Hacker News. Earlier this March, Google Mandiant  disclosed  North Korea-based APT43's use of the hash rental and cloud mining services to obscure the forensic trail and wash the stolen cryptocurrency "clean." Cloud mining services  allow users to rent a computer system and use that computer's hash power to mine cryptocurrencies without having to manage the mining hardware themselves. But according to Chainalysis, it's not just nation-state hacking crews who are leveraging such services in the wild. In one example highlighted by
Bitcoin Cloud Mining Service Hacked; Database On Sale for Just 1 Bitcoin

Bitcoin Cloud Mining Service Hacked; Database On Sale for Just 1 Bitcoin

Jul 13, 2015
Bitcoin Cloud Mining service Cloudminr.io has been hacked and its whole users database is on sale for 1 Bitcoin . The unknown hackers have successfully taken full control of the website's server and defaced the homepage of the website. Users visiting the website are greeted with a defaced homepage showing the partial database of around 1000 clients including their usernames and unencrypted passwords in completely plain text format. This clearly indicates that the company is not following the best security practices to secure their users private data as the passwords were not even hashed before storing into the database. Hackers offering around 80,000 users database for 1BTC The database of 1000 users shown on the website homepage is just a sample given by the hackers while they have compromised around 80,000 users database in total from the cloud mining service. The hackers are offering the entire database of thousands of users for the just 1BTC , w
Making Sense of Operational Technology Attacks: The Past, Present, and Future

Making Sense of Operational Technology Attacks: The Past, Present, and Future

Mar 21, 2024Operational Technology / SCADA Security
When you read reports about cyber-attacks affecting operational technology (OT), it's easy to get caught up in the hype and assume every single one is sophisticated. But are OT environments all over the world really besieged by a constant barrage of complex cyber-attacks? Answering that would require breaking down the different types of OT cyber-attacks and then looking back on all the historical attacks to see how those types compare.  The Types of OT Cyber-Attacks Over the past few decades, there has been a growing awareness of the need for improved cybersecurity practices in IT's lesser-known counterpart, OT. In fact, the lines of what constitutes a cyber-attack on OT have never been well defined, and if anything, they have further blurred over time. Therefore, we'd like to begin this post with a discussion around the ways in which cyber-attacks can either target or just simply impact OT, and why it might be important for us to make the distinction going forward. Figure 1 The Pu
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