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Category — Bitcoin Cloud Mining
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...
SOC Analysts - Reimagining Their Role Using AI

SOC Analysts - Reimagining Their Role Using AI

Jan 30, 2025AI Security / SOC Automation
The job of a SOC analyst has never been easy. Faced with an overwhelming flood of daily alerts, analysts (and sometimes IT teams who are doubling as SecOps) must try and triage thousands of security alerts—often false positives—just to identify a handful of real threats. This relentless, 24/7 work leads to alert fatigue, desensitization, and increased risk of missing critical security incidents. Studies show that 70% of SOC analysts experience severe stress, and 65% consider leaving their jobs within a year . This makes retention a major challenge for security teams, especially in light of the existing shortage of skilled security analysts . On the operational side, analysts spend more time on repetitive, manual tasks like investigating alerts, and resolving and documenting incidents than they do on proactive security measures. Security teams struggle with configuring and maintaining SOAR playbooks as the cyber landscape rapidly changes. To top this all off, tool overload and siloed ...
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