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GoogleвЂ™s recommendations to its cloud customers to improve their security include two-factor authentication вЂ“ an extra layer of security on top of a generic user name and password вЂ“ and signing up to the companyвЂ™s work safer security programme.Д®lsewhere in the report, Google said the Russian government-backed hacking group APT28, also known as Fancy Bear, targeted 12,000 Gmail accounts in a mass attempt at phishing, where users are tricked into handing over their login details.

Google said that in three-quarters of the cloud hacks the attackershad taken advantage of poor customer security or vulnerable third-party software.

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The report said that вЂњ86% of the compromised Google Cloud instances were used to perform cryptocurrency mining, a cloud resource-intensive for-profit activityвЂќ, adding that in the majority of cases the cryptocurrency mining software was downloaded within 22 seconds of the account being compromised. The uses of blockchain are not limited to financial transactions, though, and enthusiasts are looking into other applications for the technology, especially for the types of transactions where there are often disputes or trust issues. This process validates each block, all the way back to the original, and is integral to the databaseвЂ™s security.Д«lockchain technology has been around for a number of years вЂ“ its most well-known use so far is Bitcoin, the virtual currency. Each block contains the hash of the block before it, which links the two and forms the chain. Blocks contain batches of transactions that are вЂњhashedвЂќ and encoded. The ledger becomes a long list of transactions that have taken place since the beginning of the network, getting bigger over time.ДЄ blockchain database consists of blocks and transactions. This network can encompass just a handful of users, or hundreds and thousands of people.

However, uniquely, rather than being kept in one place like the more traditional ledger book, the database is shared across a network of computers. Google reported that of 50 recent hacks of its cloud computing service, more than 80% were used to perform cryptocurrency mining.Д«lockchain is a digital ledger that provides a secure way of making and recording transactions, agreements and contracts.

вЂњMiningвЂќ is the name for the process by which blockchains such as those that underpin cryptocurrencies are regulated and verified, and requires a significant amount of computing power. Other threats identified by the team in its first вЂњthreat horizonвЂќ report include: Russian state hackers attempting to gain usersвЂ™ passwords by warning they have been targeted by government-backed attackers North Korean hackers posing as Samsung job recruiters and the use of heavy encryption in ransomware attacks.

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Cyberhackers are using compromised cloud accounts to mine cryptocurrency, Google has warned.Дetails of the mining hack are contained in a report by GoogleвЂ™s cybersecurity action team, which spots hacking threats against its cloud service вЂ“ a collection of remote computing services which can include storage of customersвЂ™ data and files off-site вЂ“ and gives advice on how to tackle them.

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