Cryptojacking: Understanding and defending against cloud compute resource abuse

In cloud environments, cryptojacking – a type of cyberattack that uses computing power to mine cryptocurrency – takes the form of cloud compute resource abuse, which involves a threat actor compromising legitimate tenants.

Cloud compute resource abuse could result in financial loss to targeted organizations due to the compute fees that can be incurred from the abuse. In attacks observed by Microsoft, targeted organizations incurred more than $300,000 in compute fees due to cryptojacking attacks.

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Source: Microsoft