Google Cloud implements new threat detection tool

Google Cloud has introduced a new security protocol to detect crypto-mining.

The company announced the release of the Virtual Machine Threat Detection (VMTD) in its Security Command Center (SCC), created to identify any threats or attacks alongside protecting users’ accounts that hackers prey on to mine cryptocurrency.

VMTD aims to scan compute engines and detect any possible threats of those like crypto mining software.

Crypto-mining attacks have been rife in the industry, with some referring to the act as cryptojacking, which saw an increase in the 2019 bear market.

Blockchain data platform Chainalysis recently reported that the overall cost of crypto scams equated to $14bn in 2021 alone, with reported losses 79% higher than 2020.

In a 2021 Google report, Threat Horizons, by the Cyber Security Action Team, findings indicated that out of 50 compromised GCP (Google Cloud Protocol) instances, 86% of them were crypto mining-related, whereby hackers forged access into users resources and gained information allowing them to mine tokens.

With a view to stamp out such illicit activities, the SCC team have been developing close-knit protection for its Virtual Machine users with the new VMTD program.

Alongside the overall shield against crypto-mining threats, the invention uses ageless memory scanning to detect any warning signs of this occurring, as well as making users’ data safe and secure from ransomware and data for being compromised.

In a blog post, Google Cloud announced that the VMTD will expand over the next few months and will include a range of capabilities: “As we move VMTD towards general availability”, it said.

It seems positive that a veteran tech company like Google has been putting in effort to protect users from the unnerving suspicious patterns orchestrated by a hacker. It will be interesting to see what new features come throughout the year to detect and eliminate any harm.

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Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2B journalism. Alongside crypto, Isabella writes about relationships and psychology. Isabella holds a first-class degree in music journalism and likes to interview electronic artists and DJs.

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