Google Cloud Now Offering $1 Million Cryptomining Protection

Google on Thursday announced that it is offering up to $1 million in financial protection to cover expenses associated with undetected cryptomining attacks in Google Cloud.

The protection is offered as part of Security Command Center Premium, a built-in security and risk management solution designed to detect and block cryptocurrency mining attacks targeting Cloud customers.

Such cryptomining attacks typically involve the compromise of an organization’s cloud infrastructure and the deployment of utilities or malware to hijack resources and use them to mine for cryptocurrency, for attackers’ benefit.

Security Command Center, which is built into Google’s cloud infrastructure, performs agentless scans of virtual machines’ memory, which allows it to detect attacks without impacting performance, Google says.

Also offering compromised identity detection, the solution prevents attackers from gaining unauthorized access to cloud accounts to deploy cryptomining malware.

The newly introduced Cryptomining Protection Program, Google says, is meant to strengthen customers’ confidence that cryptomining attacks can be quickly detected and blocked.

However, only those Security Command Center Premium customers that follow cryptomining detection best practices and other program terms and conditions are eligible to participate.

“Google Cloud’s shared fate approach to risk management puts our skin in the game when it comes to delivering security outcomes on our platform. By providing our customers with effective, built-in tools to detect one of the most common and costly cloud threats, we offer financial protection if our efforts are unsuccessful,” Google notes.

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