Getting to Know Cloudjacking and Cloud Mining Could Save Your Business

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A few years back, cryptojacking and cryptomining emerged as relatively low-effort ways to profit by hijacking another’s computing resources. Today, cloudjacking and cloud mining capitalize on similar principles, only by targeting the near infinite resources of the cloud to generate revenue for attackers. Knowing this growing threat is key to maintaining cyber resilience.

Enterprise-level organizations make especially attractive cloudjacking targets for a few reasons. As mentioned, the computing power of cloud networks is effectively limitless for all but the most brazen cybercriminals.

Additionally, excess electricity consumption, one of the most common tipoffs for smaller scale cryptojacking attacks, often goes unnoticed at the scale large corporations are used to operating. The same goes for CPU.

Careful threat actors can also throttle back the amount of resources they’re ripping off—when attacking a smaller organization, for instance—to avoid detection. Essentially, the resources stolen at any one time in these attacks are a drop in the Pacific Ocean to their largest targets. Over time, though, and depending on particulars of a usage contract, the spend for CPU used can really add up.

“Hackers have definitely transitioned away from launching ransomware attacks indiscriminately,” says Webroot threat analyst Tyler Moffitt. “It used to be, ‘everybody gets the same payload, everyone has the same flat-rate ransom.’

“That’s all changed. Now, ransomware actors want to go after businesses with large attack surfaces and more pocketbook money than, say, grandma’s computer to pay if they’re breached. Cloud is essentially a new market.”

High-profile cloudjacking incidents

Arguably the most famous example of cloudjacking, at least in terms of headlines generated, was a 2018 attack on the electric car manufacturers Tesla. In that incident, cybercriminals were discovered running malware to leech the company’s Amazon Web Service cloud computing power to mine cryptocurrency.

Even with an organization of Tesla’s scale, the attackers reportedly used a throttling technique to ensure their operations weren’t uncovered. Ultimately, they were reported by a third-party that was compensated for their discovery.  

More recently, the hacking group TeamTNT developed a worm capable of stealing AWS credentials and implanting cloudjacking malware on systems using the cloud service. It does this by searching for accounts using popular development tools, like Docker or Kubernets, that are both improperly configured and running AWS, then performing a few simple searches for the unencrypted credentials.

TeamTNT’s total haul remains unclear, since it can spread it’s ‘earnings’ across multiple crypto wallets.  The fear though, now that a proven tactic for lifting AWS credentials is out in the wild, is that misconfigured cloud accounts will become prime targets for widespread illicit cloud mining.

SMBs make attractive targets, too

Hackers aren’t just launching cloudjacking attacks specifically against storage systems and development tools. As with other attack tactics, they often see MSPs and small and medium-sized businesses (SMBs) as attractive targets as well.

“Several attacks in the first and second quarters of 2019 involved bad actors hijacking multiple managed service providers,” says Moffitt. “We saw that with Sodonakibi and GrandCrab. The same principles apply here. Hacking a central, cloud-based property allows attackers to hit dozens and potentially hundreds of victims all at once.”

Because smaller businesses typically share their cloud infrastructure with other small businesses, compromising cloud infrastructure can provide cybercriminals with a trove

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