Excellent news, Google to pay 1 million dollars for the security of crypto mining

Friday
Date: 14 July 2023

Hello friends how are you all. Alhamdulillah I am fine with everyone's prayers. Hope you all are well.

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Introduction – Tech giant Google has released some really encouraging news about crypto security. This cannot be good news. They will contribute a million dollars to prevent cryptocurrency mining assaults.

What is crypto mining attack - A crypto mining attack is a type of malware that uses the target's computer hardware to mine digital currencies such as bitcoin. This malware can use a system's CPU and, in some cases, the GPU to perform difficult mathematical calculations which generate long alphanumeric patterns known as hashes.

About the news - Google's internet computing unit recently stated that it will pay customers up to $1 million for illegal cloud compute allegations linked with undetected crypto mining assaults. Notably Google Safety Control Centers Premium members are aware to this protection. This fund is dedicated only for the protection against the crypto mining assaults.

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Google and its collective future strategy - According to Google's official statement, crypto mining is an extensive and expensive threat to cloud settings. Even a single attack can cost millions of dollars in just a few days. The GCAT said last year that crypto mining took place in 65% of compromised cloud accounts. Google is taking a vital step forward with its built-in threat detection of illegal crypto mining. Crypto mining assaults remain a vital security and financial issue for companies that lack the necessary preventative measures and threat detection capabilities in their cloud systems. This common future strategy to cloud security enhances enterprise buyer confidence when transferring to the cloud.

Aim of the program - The introduction of this new program aims to increase customers confidence in their capacity to detect and halt crypto mining assaults quickly. Since its risk management and safety solution has special detection capabilities, Google Cloud offers financial protection. In particular, they were actually designed into the web's infrastructure. Security Command Center specifically checks virtual machine memory for viruses for identifying crypto mining assaults. Indeed, it can detect compromised identities, which allow attackers to access cloud accounts. This means the National Security Command Centre can identify dangers before an adversary can use compromised information for an attack.

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Conclusion – Google is always bringing products or services that benefit the general public. This incredible idea has the potential to greatly benefit millions of cryptocurrency users and miners in the future of cryptocurrency.

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