{"id":45925,"date":"2022-03-29T00:00:00","date_gmt":"2022-03-29T00:00:00","guid":{"rendered":"urn:uuid:29fcdfb8-c956-146f-2090-d6dae14b0834"},"modified":"2022-03-29T00:00:00","modified_gmt":"2022-03-29T00:00:00","slug":"why-organizations-should-take-cloud-based-cryptocurrency-mining-attacks-seriously","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/why-organizations-should-take-cloud-based-cryptocurrency-mining-attacks-seriously\/","title":{"rendered":"Why Organizations Should Take Cloud-Based Cryptocurrency-Mining Attacks Seriously"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.trendmicro.com\/content\/dam\/trendmicro\/global\/en\/research\/22\/c\/why-organizations-should-take-cloud-based-cryptocurrency-mining-attacks-seriously\/cloud-miners.png\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.trendmicro.com\/content\/dam\/trendmicro\/global\/en\/research\/22\/c\/why-organizations-should-take-cloud-based-cryptocurrency-mining-attacks-seriously\/cloud-miners.png\" class=\"ff-og-image-inserted\"><\/div>\n<p>But that\u2019s just the tangible cost of a cryptocurrency-mining attack. There are also indirect consequences that an affected organization might encounter, such as the disruption and slowdown of operations that could result in loss of revenue or even damage to the reputation of the organization because of the inconveniences brought upon its customers.<\/p>\n<p>The major players in the cloud-based cryptocurrency mining landscape are diverse in terms of their tools, techniques, and even the way they interact with the public. While some of these groups are more basic in their approach, others are constantly refining their ability to exploit vulnerabilities and other gaps in security to enter target systems.<\/p>\n<p>On one hand, there\u2019s <a href=\"https:\/\/www.trendmicro.com\/en_us\/research\/18\/k\/outlaw-group-distributes-botnet-for-cryptocurrency-mining-scanning-and-brute-force.html\">Outlaw<\/a>, which prefers to stick with what it knows \u2014 compromising internet-of-things (IoT) devices and Linux servers via brute-force attacks or by exploiting known vulnerabilities \u2014 and add only minor changes to its campaigns. On the other hand, <a href=\"https:\/\/www.trendmicro.com\/vinfo\/us\/security\/news\/cybercrime-and-digital-threats\/teamtnt-activities-probed\">TeamTNT<\/a>, a malicious actor group that relies heavily on credential theft for lateral movement and abusing configured services, has been steadily improving its sophistication. Other groups, including prolific ones such as <a href=\"https:\/\/www.trendmicro.com\/en_us\/research\/20\/k\/analysis-of-kinsing-malwares-use-of-rootkit.html\">Kinsing<\/a> and <a href=\"https:\/\/www.lacework.com\/blog\/8220-gangs-recent-use-of-custom-miner-and-botnet\/\">8220<\/a>, use tools like rootkits and botnets, while also having a sizeable pool of exploitable vulnerabilities.<\/p>\n<p>A large part of what drives cloud-based cryptocurrency-mining groups to evolve is competition with one another. Since cloud instances count as limited resources, each group has to ensure that its cryptocurrency miner is the one that is using up these resources. It\u2019s therefore not surprising that the skills and infrastructures of <a href=\"https:\/\/www.trendmicro.com\/en_us\/research\/21\/k\/teamtnt-upgrades-arsenal-refines-focus-on-kubernetes-and-gpu-env.html\">some malicious actors<\/a> in this sphere are quite advanced.<\/p>\n<p>On its own, cryptocurrency mining has relatively small profit margins because the currency earned via mining is offset by resource expenditure. Illicit mining alleviates this by offloading all costs onto the victim, allowing the attacker to reap the full benefits of the mining process. But the true monetary gains could come from secondary markets: More advanced malicious actors could <a href=\"https:\/\/www.trendmicro.com\/en_us\/research\/20\/i\/the-life-cycle-of-a-compromised-cloud-server.html\">use their resources to act as access brokers<\/a>, offering their infrastructures, tools, and services to other actors who could come in and do more extensive damage.<\/p>\n<p>In any case, organizations shouldn\u2019t take the presence of cryptocurrency-mining malware in a system only at face value that there is malware in the system. Organizations should also consider what it means in terms of their cloud security. The presence of cryptocurrency-mining activities should be a warning sign \u2014 the proverbial canary in a coal mine \u2014 to organizations that their cloud infrastructures are vulnerable to attacks. They should take the detection of cryptocurrency mining seriously since this might be the only time that they might be able to respond while the actual impact is still relatively minimal.<\/p>\n<p>Fortunately, organizations can take proactive measures to bridge the security gaps in their cloud deployments. These range from following general security and cloud best practices such as timely patching and avoiding cloud API exposure to the internet, to specific recommendations such as implementing rules that monitor systems for any red flags. Cloud security products can also assist organizations with filtering their network traffic to minimize attack surfaces.<\/p>\n<p>To learn more about the cloud-based cryptocurrency-mining threat landscape, read our full report \u201c<a href=\"https:\/\/documents.trendmicro.com\/assets\/white_papers\/wp-navigating-the-landscape-of-cloud-based-cryptocurrency-mining.pdf\">A Floating Battleground: Navigating the Landscape of Cloud-Based Cryptocurrency Mining<\/a>.\u201d<\/p>\n<p> Read More <a href=\"https:\/\/www.trendmicro.com\/en_us\/research\/22\/c\/organizations-should-take-cloud-cryptomining-attacks-seriously.html\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the recent trends we\u2019ve 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. Read More HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":45926,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[61],"tags":[9510,9520,9511,9509],"class_list":["post-45925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trendmicro","tag-trend-micro-research-articles-news-reports","tag-trend-micro-research-cloud","tag-trend-micro-research-cyber-threats","tag-trend-micro-research-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Organizations Should Take Cloud-Based Cryptocurrency-Mining Attacks Seriously 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security &amp; Cyber Threats Analysis Hub. 100% Free 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