Home Resources Blog 25% of Businesses Targeted With Cryptojacking in the Cloud

25% of Businesses Targeted With Cryptojacking in the Cloud

Admin Globaldots
18.05.2018
image 1 Min read

New public cloud security report detects a spike in cryptojacking, mismanaged cloud storage, account takeover, and major patches getting overlooked.

RedLock’s second annual Cloud Security Trends report digs into lessons learned from attacks and breaches over the past year. Researchers found the top issues in the cloud are account compromises, which affected 27% of organizations, cryptojacking (25%), risky configurations (51%), and missing high-severity patches in the cloud (24%).

On average, 27% of organizations experienced potential account compromise, including major companies Uber, Tesla, OneLogin, Aviva, and Gemalto. Risky configurations affected 51%; among them were FedEx, Deep Root Analytics, and Under Armour. Nearly one-quarter (24%), including Drupal, MongoDB, Elasticsearch, and Intel, missed high-severity patches in the cloud.

Cryptojacking has gone mainstream as attackers have unprecedented access to high-powered public cloud computing resources, affecting major corporations like Tesla, Gemalto, and Aviva. One-quarter of organizations had cryptojacking in their environments, compared with just 8% last year. Badhwar says activity has ramped up 300% in the last quarter, partially because the bar to enter the world of cryptomining is low and the payoff is high.

Image Source

Read more: Dark Reading

Learn More

You’ll Need Zero Trust, But You Won’t Get It with a VPN
SD-WAN and SASE
Eyal Webber Zvik, Cato Networks 12.01.23

Properly implemented, a zero trust architecture provides much more granular and effective security than legacy security models. However, this is only true if a zero trust initiative is supported with the right tools. Legacy solutions, such as virtual private networks (VPNs), lack the capabilities necessary to implement a zero trust security strategy. Zero Trust Security is […]

Read more
4 Ways Where Remote Access VPNs Fall Short
SD-WAN and SASE
Eyal Webber Zvik, Cato Networks 09.01.23

The Global Content Delivery Network (CDN) market is expected to grow by $42.4 billion between now and 2032.

Read more
slider item
Content Delivery Network (CDN)
Francesco Altomare, Southern Europe Regional Manager @ GlobalDots 04.01.23

A Content Delivery Network (CDN) is a globally distributed network of web servers or Points of Presence (PoP) whose purpose is to provide faster content delivery. The content is replicated and stored throughout the CDN so the user can access the data that is stored at a location that is geographically closest to the user. […]

Read more
Unlock Your Cloud Potential
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.
Book a Demo