Hackers cyber attack Amazon Cloud to mine bitcoins!

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Security firm RedLock has disclosed that Amazon cloud is being hacked by cyber crooks to mine bitcoins and to gather digital currency. The security intelligence company says that hackers are from Amazon Web Services to mine bitcoins and have so far succeeded in producing 7 BTC.

These days as the Bitcoin rate is surging day by day, individuals and hacking groups might be in search of ways to steal or produce bitcoins. And one such way to produce bitcoins is to use the servers of a cloud company and execute BTC mining commands which in turn produce Bitcoins.

According to the research carried out by RedLock, hackers were able to gain access to the AWS cloud services infrastructure of two companies named Aviva and Gemalto. Surprisingly, they did not access any sensitive data which was within their reach but were only interested in commanding Amazon Cloud Servers to mine bitcoins by executing BTC Mining commands from one of the Kubernotes containers.

Security experts say that cryptocurrency mining has picked up in past couple of years due to an explosion of market capitalization reaching a record of $176 billion. Due to this financial maturity, BTC and Ethereum have/is receiving a lot of attention from miners, as both have reached their all-time high price of $5400 and $400 respectively.

RedLock has informed the staff of Aviva and Gemalto about this issue and has asked the two firms to review their app operations on the Amazon Cloud.

The California based company which is basically into security anomaly detection for dynamic environments has also sent a report on the vulnerability to AWS. The cloud service giant has taken a note of this issue and has ordered a probe.

So, more details are awaited!

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Naveen Goud is a writer at Cyber Security Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security