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Apr 10 2023

What is Cloud Mining and How Does it Work?

Category: Cloud computing — DISC @ 8:18 am

What is Cloud Mining and How Does it Work?

Cloud mining is a way for you to purchase mining power from a remote data centre. Cloud mining works in the same way as regular cryptocurrency mining, except that instead of purchasing expensive hardware and dealing with its maintenance yourself, you just need to buy some shares and let a service provider do all the work.

This can be especially appealing if you haven’t got access to cheap electricity in your area (or any at all), or if you simply don’t want to deal with the hassle of setting up your rig.

What is Cloud Mining?

Cloud mining is a service that allows you to purchase mining power from data centres. The process of mining is done remotely, and the owner of the data centre pays for the hardware and electricity usage. You pay for the hash power that you rent from them.

It is a process of renting crypto mining capacity from a third-party provider and using it to mine cryptocurrencies yourself. Instead of having to buy an expensive mining hardware, pay for its electricity use, and maintain it yourself, cloud mining lets you buy into a mining pool without requiring any of the hassles involved in normal crypto mining.

How does cloud mining work?

Cloud mining is a way to earn cryptocurrencies without having to buy expensive hardware. You can buy hash power from a cloud mining company, which means you won’t have to set up your hardware or software.

You don’t need any special knowledge or skills to start earning money immediately with this method of cryptocurrency mining.

Bitcoin Cloud Mining is the process by which transactions are verified and added to the public ledger, known as the blockchain. The blockchain is what allows a user to send Bitcoin or other cryptocurrencies between their accounts and to pay for goods or services from any merchant that accepts cryptocurrencies.

The blockchain is distributed across thousands of computers around the world. One of those computers is owned by you! So when your computer works on creating a new transaction block, it adds some cryptographic hashing which validates and secures the block and all subsequent blocks.

The key part here is that if your computer is doing work on someone else’s transaction block, you’ll be rewarded with Bitcoins or other cryptocurrencies, which you can then spend however you’d like. With the Bitcoin price today of over $22,000, this is the currency that receives the most mining.

Advantages of Cloud Mining

No need for hardware: Cloud mining is completely virtual. You don’t need to buy any equipment, so you can start earning immediately without having to worry about maintenance or electricity costs.
No need for software: Unlike traditional mining where you have to install specific software on your computer, cloud mining requires no software installation at all. Once you purchase hash power from a provider and connect it with their platform (usually via API key), everything else works automatically in the background without any additional effort from your side.
No maintenance required: The majority of cloud mining providers offer contracts with monthly fees rather than daily fees like other companies do. This makes it much easier because there’s no need for regular checkups or maintenance work every month like some other platforms require.

Disadvantages of Cloud Mining

High electricity costs: Mining cryptocurrency requires a lot of electricity. If you’re using cloud mining, this cost is passed on to you, the customer. This can be very expensive and make it hard for your ROI (return on investment) to pay off.
Maintenance costs: You’ll also need to consider maintenance costs for your hardware, as well as any downtime or downtime during which the machine may malfunction or be repaired by the company providing it. This could also affect your ROI negatively if they don’t have a good track record with repairs and replacements promptly.
Low returns on investment: Finally, there’s no guarantee that any particular cryptocurrency will increase in value over time; it may even decrease. If this happens while you’re paying high fees just so someone else can mine coins for themselves instead of doing it yourself directly through an ASIC miner or GPU rig at home then those losses will likely outweigh whatever gains might result from having used cloud mining services like Hashflare or Genesis Mining in order.

Types of Cloud Mining

Cloud mining is a way to mine cryptocurrencies without having to buy expensive equipment or even invest in it at all. Instead, you pay someone else to do it for you.

Host Mining

Host mining is a type of cloud mining where you buy a physical mining rig and pay for the electricity. The price of host mining can be very high, but it’s also the most profitable way to earn money. You need technical knowledge and experience to host mine successfully, so this isn’t recommended for beginners.

Hash Power Leasing

Hash power leasing is a way to get hash power without buying the hardware. This can be done by signing up with a service provider and paying them for their services. The provider will then provide you with the necessary equipment, which you need to pay for separately.

The process works like this:

You sign up with a cloud mining company (like Hashflare or Genesis Mining)
They give you access to their mining farm’s equipment and software through an API key or web interface
You set up an account with them and deposit money into it (usually Bitcoin)

You are then able to use this money as if it were your own – but instead of buying physical hardware yourself, all of that work has already been done by someone else.

How to spot potential fraud in cloud mining

To avoid fraud, you should look for companies that are transparent about their ownership and location. Look at the company’s domain name and website for authenticity. Avoid any cloud mining company that does not provide a physical address or phone number on its website.

You should also check for reviews and complaints about the company in question by searching online or contacting local authorities (e.g., Better Business Bureau aka BBB).

BitDeer

BitDeer is a cloud mining platform that allows users to rent computing power to mine various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. It was founded in 2018 and is headquartered in Singapore.

BitDeer partners with mining farms and data centres worldwide to provide cloud mining services. Users can rent mining machines or hash power from BitDeer’s partners, which are located in regions with favourable conditions for cryptocurrency mining, such as regions with low electricity costs and cool climates.

StormGain

StormGain is a cryptocurrency trading and exchange platform that offers a range of services for cryptocurrency traders and investors. It was founded in 2019 and is headquartered in Seychelles.

StormGain aims to provide a user-friendly and accessible platform for trading and investing in cryptocurrencies, with a focus on leveraged trading and cryptocurrency mining. Some of the features and services offered by StormGain include Cryptocurrency Trading, Leverage Trading, Crypto Mining, Wallet Services and more.

GMiners

GMiner is a cloud mining company based in Hong Kong. It’s a subsidiary of Genesis Mining, one of the largest Bitcoin mining companies in the world. GMiner offers a variety of different mining contracts for Bitcoin, Ethereum, Dash, Litecoin and Bitcoin Cash.

Potential Risks

Please note that the cryptocurrency market is constantly evolving, and the performance and reputation of cloud mining companies may change over time. It’s essential to do thorough research, read reviews from multiple sources, and exercise caution when investing in cloud mining services or any other form of cryptocurrency investment. Always consider the risks and consult with experienced investors or seek professional advice before making any investment decisions.

Cryptocurrency Mining: A Complete Beginners Guide to Mining Cryptocurrencies, Including Bitcoin, Litecoin, Ethereum, Altcoin, Monero, and Others

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Tags: Cloud Mining, cloud security, cryptocurrency mining

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Mar 13 2023

Data Security With Cloud Compliance: Meeting Regulations & Standards

Category: Cloud computing,data security — DISC @ 10:21 am

Data Security With Cloud Compliance: Meeting Regulations & Standards

Businesses from all industries are aware of the benefits of cloud computing. Some organizations are just getting started with migration as part of digital transformation initiatives, while others are implementing sophisticated multi-cloud, hybrid strategies. However, data security in cloud computing is one of the most challenging deployment concerns at any level due to the unique risks that come with the technology.

The cloud compromises the conventional network perimeter that guided cybersecurity efforts in the past. As a result, a distinct strategy is needed for data security in cloud computing, one that takes into account both the complexity of the data compliance, governance, and security structures as well as the dangers.

The Shifting Business Environment and Its Effects on Cloud Security

The top investment businesses implementing digital transformation initiatives want to make over the next three years is bolstering cybersecurity defenses. A paradigm shift in cybersecurity is being brought about by the rising trend of remote and hybrid workplaces, which is altering investment priorities.

Cloud computing provides the underlying technology for this transition as organizations want to increase resilience, and people want the freedom to work from anywhere. Yet, the lack of built-in security safeguards in many cloud systems highlights the need for data security in cloud computing.

What Is Cloud Data Security?

Cloud data security involves adopting technological solutions, policies, and processes to safeguard cloud-based systems and apps and the data and user access that go with them. The fundamental tenets of information security and data governance apply to the cloud as well:

Confidentiality: Protecting the data from illegal access and disclosure is known as confidentiality.

Integrity: Preventing unauthorized changes to the data so that it may be trusted

Accessibility: Making sure the data is completely accessible and available when it’s needed.

Cloud data security must be taken into account at every stage of cloud computing and the data lifecycle, including during the development, deployment, and administration of the cloud environment.

Data Risks in Cloud

Cloud computing has revolutionized the way data is gathered, stored, and processed, but it has also introduced new risks to data security. As more organizations rely on the cloud, cyberattacks and data breaches have become the biggest threats to data protection. While cloud technology is subject to the same cybersecurity risks as on-premises solutions, it poses additional risks to data security.

Application Programming Interfaces (APIs) with Security Flaws

Security flaws in APIs used for authentication and access are a common risk associated with the cloud. These flaws can be exploited by hackers to gain unauthorized access to sensitive data. Common issues include insufficient or improper input validation and insufficient authentication mechanisms. APIs can also be vulnerable to denial-of-service attacks (DoS), causing service disruptions and data loss.

Account Takeover or Account Hijacking

Account takeover or hijacking is a common threat in cloud computing, where hackers gain unauthorized access to user accounts and can steal or manipulate sensitive data. Hackers can gain access to cloud accounts due to weak or stolen passwords used by users. This is because users often use simple, easy-to-guess passwords or reuse the same password across multiple accounts. Once a hacker gains access to one account, they can potentially access other accounts that use the same password.

Insider Risks

Insider threats are a significant concern in cloud computing due to the lack of visibility into the cloud ecosystem. Cloud providers typically have a vast and complex infrastructure, which can make it challenging to monitor user activity and detect insider threats. Insider threats can occur when insiders, such as employees, contractors, or partners, intentionally or unintentionally access or disclose sensitive data.

Security Measures Protecting Data in Cloud Computing

Identity governance is the first step in securing data in the cloud. Across all of your on-premises and cloud platforms, workloads, and data access, you need a thorough, unified perspective. Identity management gives you the following:

Install Encryption

Encryption is an essential security measure for protecting sensitive and important data, including Personally Identifiable Information (PII) and intellectual property, both in transit and at rest.

Third-party encryption solutions can offer additional layers of security and flexibility beyond what is provided by CSPs. For example, some third-party encryption solutions may offer more robust encryption algorithms or the ability to encrypt data before it is uploaded to the cloud. They can also provide granular access controls, enabling organizations to determine who can access specific data and under what circumstances.

Archive the Data

Backing up cloud data is critical for data protection and business continuity. The 3-2-1 rule is a best practice, involving having at least three copies of the data, stored in two different types of media, with one backup copy stored offsite. Businesses should have a local backup in addition to the cloud provider’s backup, providing an extra layer of protection in case the cloud provider’s backup fails or is inaccessible.

Put Identity and Access Management (IAM) into Practice

IAM (Identity and Access Management) is essential for securing cloud resources and data. IAM components in a cloud environment include identity governance, privileged access control, and access management, such as SSO or MFA. To ensure effective IAM in a cloud environment, organizations must include cloud resources in their IAM framework, create appropriate policies and procedures, and regularly review and audit IAM policies and procedures.

Control Your Password Rules

Poor password hygiene is a common cause of security events. Password management software can help users create, store and manage strong, unique passwords for each account, making it easier to follow safe password procedures. This can encourage better password hygiene and reduce the risk of password-related security incidents.

Use Multi-factor Authentication (MFA)

MFA (Multi-factor authentication) is a security mechanism that adds an extra layer of security beyond traditional password-based authentication. It reduces the chance of credentials being stolen and makes it more challenging for threat actors to gain unauthorized access to cloud accounts.

MFA is particularly valuable in cloud environments, where many employees and contractors may access cloud accounts from various locations and devices. However, it is important to ensure that it is implemented correctly, easy to use, and integrated with existing security infrastructure and policies.

Summary

Your environment will get more complicated as you continue to utilize the cloud, particularly if you begin to rely on the hybrid multi-cloud. Data security in cloud computing is essential for reducing the dangers to your business and safeguarding not just your data but also your brand’s reputation.

Consider deploying solutions for controlling cloud access and entitlements to protect yourself from the always-changing cloud risks. For a thorough approach to identity management, incorporate these solutions into your entire IAM strategy as well.

A complete, identity-centered solution ensures that you constantly implement access control and employ governance more wisely, regardless of whether your data is on-premises or in the cloud. You will also profit from automation and other factors that increase identity efficiency and save expenses.

Cloud Computing Security: Foundations and Challenges

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Tags: cloud security, Data Security With Cloud

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Feb 24 2023

Cloud Security Protecting Your Data in The Cloud

Category: Cloud computing — DISC @ 10:34 am

Cloud Security Protecting Your Data in The Cloud

Following these best practices, you can increase the cloud security and protection of your cloud-based data and applications.

As cloud computing has revolutionized how we store and process data, it has also introduced new security risks. Your data must be secure as more and more businesses turn to the cloud.

Here are some steps you can take to ensure that your cloud environment is secure:

It would help if you chose a reputable cloud provider: Not all cloud providers provide the same level of security. You should select a provider with a positive security track record that implements strict security controls.

Secure your data in transit and at rest: Ensure that your data is encrypted both in transit and at rest. Keeping your data secure and accessible only to authorized users can help protect against data breaches.
To prevent unauthorized access, implement strong access controls, including limiting access to cloud resources only to authorized users and implementing multi-factor authentication.

Monitoring your cloud environment regularly: Implement tools to monitor your cloud environment for unusual activity or signs of a breach. By doing so, you can identify potential security threats early on and mitigate their effect.

Plan for a disaster recovery scenario by implementing a disaster recovery plan. This backup will allow you to recover your data and applications in case of a security breach or other catastrophe.

You should educate your employees regarding the risks associated with cloud computing and provide them with training on protecting their data.

With these steps, you can protect your business from cyber threats and ensure the security of your cloud-based data. Take action today to protect your valuable assets by ensuring your business is secure.

What are the three categories of cloud security?

With the advancement of cloud computing, businesses can now store, process, and share massive amounts of data more easily and efficiently than ever before. Cloud computing, like any technology, carries inherent security risks.

Three categories of cloud security can assist in mitigating these risks: physical security, operational security, and data security.

Physical Security

Physical security refers to the measures the cloud service provider takes to protect its physical infrastructure. These actions include access controls, surveillance, and environmental controls, and those used in data centers play a crucial role in preventing unauthorized access.

Operational Security

A cloud service provider’s operational security refers to the processes and policies to manage their business operations. This process includes several measures, such as change management, incident response, and business continuity planning. Your cloud services must be protected against active cyber threats to ensure reliability and availability.

Data Security

Data Security refers A cloud security measure is a means of protecting your data. These include measures such as encryption, access controls, and data backups. To ensure the integrity and availability of your sensitive data, it is essential to implement effective data security measures.

In the cloud, each of these categories of security is essential for protecting your business from cyber threats and ensuring the safety and security of your data.

When you work with a reputable cloud service provider and implement best practices for physical, operational, and data security, you can minimize the risks of cloud computing and take advantage of the benefits of this revolutionary technology. Take advantage of the cloud with confidence and peace of mind by embracing security concerns.

Cybersecurity and the Cloud: What You Need to Know

Cloud computing has become increasingly important as more and more businesses move their data and applications to the cloud.

Cybersecurity and the cloud have some key considerations.

Understand your responsibilities:

When you use cloud services, you typically share security responsibility with the cloud provider. Ensure that you are aware of which security aspects are your responsibility and which are the service provider’s responsibility.

When it comes to security, not all cloud providers are equal. You should research the provider and choose one with a good security record.
Provide strong authentication to all cloud users, such as multi-factor authentication.Encrypt your data:
Your data must be encrypted in transit and at rest. It helps prevent data breaches and ensures only authorized persons can access your data.Monitor your data:
Use security tools to monitor your data for unusual activity or signs of a breach. By detecting potential security issues early, you can mitigate their impact.

Cloud Security: How to Protecting Your Data in The Cloud.

The increasing amount of data stored online in cloud-based systems has made cloud security a growing concern for businesses and individuals. You will learn cloud security basics, from recognizing potential cyber threats to protecting your data.

Cloud security risks.

Data breaches and denial of service (DOS) attacks are some risks associated with cloud security. Protecting yourself requires an understanding of common types of threats.

It is common for cloud security threats to include malicious outsiders such as hackers, insider threats from employees and contractors with access to your data, misconfigurations that leave your data vulnerable, and disasters that may cause data loss. When you understand the risks associated with storing your data in the cloud, you can develop effective strategies for mitigating them.

Set up Multi-Factor Authentication.

A multi-factor authentication (MFA) system is one of the best ways to protect your cloud environment. The authentication adds a layer of security by requiring users to use two or more credentials, such as a password and a one-time code sent by email or text message. It ensures that only authorized people can access your data and makes it much harder for attackers to compromise your system by guessing passwords or using stolen credentials.

Update security software and patches regularly.

Cyber Threat Intelligence programs should permanently be installed and maintained. It is also highly recommended that you patch your system regularly to ensure that there are no vulnerabilities attackers could exploit. If your systems do not receive regular updates, they may be vulnerable to attack. Additionally, other users on the system must keep up-to-date, so make sure everyone understands the importance of patching and security maintenance.

Create rules for permissions and user access.

Cloud services should be protected from unauthorized access. Establish specific user access and permission settings rules by creating or purchasing a policy. The policy should define what data users can access and edit and set boundaries for authorized users and applications. It would help if you also considered creating logins with distinct roles for each employee — this way, each user can only view information relevant to their job.

Prepare a Breach and Attack Recovery Plan.

Any business operating in the cloud needs a disaster recovery plan. Specifically, the goal should outline how the team should respond to a data breach or cyber attack, how to contact potential victims, how to recover files and systems, and how to mitigate risks.

Cloud Security Protecting Your Data?

Cloud security is the practice of protecting your data and applications that are stored in the cloud. As more and more businesses move their data to the cloud, ensuring the security of that data has become increasingly important.

Here are some steps you can take to protect your data in the cloud:

Use strong passwords and two-factor authentication: It’s important to use strong, unique passwords for all of your accounts and enable two-factor authentication wherever possible. This will help prevent unauthorized access to your accounts.
Encrypt your data: Encryption is a process of converting your data into a secret code that can only be accessed with the right encryption key. This is an effective way to protect your data from unauthorized access.
Choose a reputable cloud provider: When choosing a cloud provider, look for one that has a strong track record of security and compliance. Make sure they have proper encryption, backup and disaster recovery plans in place.
Keep your software up to date: Make sure to keep all of your software, including your cloud applications, up to date with the latest security patches.
Limit access to your data: Only give access to your cloud data to those who need it. You can use access controls to limit who can view, edit, or delete your data.
Backup your data: Make sure to regularly back up your cloud data. This will ensure that you can still access your data even if there is a security breach or outage.

By taking these steps, you can help protect your data in the cloud and ensure that your business stays secure.

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Feb 08 2023

How to Use Cloud Access Security Brokers for Data Protection

Category: Cloud computing — DISC @ 11:07 am

How to Use Cloud Access Security Brokers for Data Protection

A cloud access security broker is a security policy enforcement point that can be located on-premises or in the cloud. Its purpose is to aggregate and implement an enterprise’s security policies whenever cloud-based resources are accessed.

How to Use Cloud Access Security Brokers for Data Protection

The cloud access security broker is analogous to a security guard in that it ensures compliance with the laws that were established by the administrators of the cloud service.

A cloud access security broker is a security solution that enables businesses to protect both their data and their users while they are working in the cloud. It functions as a middleman between an organization’s IT infrastructure and the company’s cloud services, monitoring and limiting access to ensure that security policies are adhered to.

Increasing companies’ utilization of cloud-based services is one of the primary factors contributing to the growing demand for cloud access security brokers. As more and more businesses move their data and applications to the cloud, which is very simple to use and manage, these businesses require a method to secure their assets and protect themselves against potential threats that may arise as a result of services being connected to one another without having a great deal of control over them.

Cloud access security brokers offer a means to monitor and regulate access to cloud services, thereby guaranteeing that only authorized users can view sensitive data.

Cloud Access Security Broker for Data Protection: How It Can Be Achieved

Cloud access security brokers can also assist enterprises in complying with regulatory regulations and industry standards like HIPAA, PCI-DSS, and SOC 2, amongst others. Furthermore, as they carry out a substantial amount of detailed reporting for data breaches, they are able to undertake data encryption and can even manage access controls. As a result, the business is carrying out these procedures in an effective manner. So it can be used for cloud data security in a number of ways.

Using Cloud Access Security Brokers for Data Loss Prevention

After being implemented, cloud access security brokers are able to perform monitoring of the resources that have been created or deployed. They can also be used to enforce access restrictions on such resources, which effectively guarantees that only authorized people who have the authorization to access them can access that sensitive data. This not only protects against unauthorized access but also prevents sensitive data from being accidentally deleted.

Performing Data Encryption

Cloud access security broker protects data in a variety of ways, including through the implementation of appropriate access restrictions. Cloud access security brokers have the ability to encrypt sensitive data while it is both at rest and in motion.

If the data is encrypted, then even if someone gains unauthorized access to the data or if the data itself is stolen, it cannot be decoded without the appropriate decryption keys even if the data was encrypted. As a result, it renders it possible to gain access to the data even after having performed access that was not authorized.

Managing proper compliance

Because cloud access security brokers are responsible for the enforcement of a wide variety of policies, they can be of assistance in achieving various kinds of compliance. Cloud access security brokers are able to assist firms in meeting regulatory requirements and industry standards, such as HIPAA, PCI-DSS, and SOC 2, which may be applicable.

Cloud access security brokers are essentially reporting and alerting systems that give organizations information about potential security breaches. This enables organizations to take action to secure their data swiftly.

The Four Pillars of a Cloud Access Security Broker

Cloud access security brokers are built on four distinct pillars, each of which not only assists an organization in meeting appropriate data encryption standards but also provides a means by which the users of that organization can be protected. Cloud access security brokers offer visibility into the utilization of cloud services across an entire organization. This visibility includes information about which services are being utilized, who is using them, and the kind of data that is being saved or accessed. This offers an organization a sufficient level of visibility of its resources.

By providing extensive reporting and notifications on potential security breaches, cloud access security brokers are able to assist organizations in meeting regulatory obligations and industry standards.

The prevention of data loss, encryption, access restriction, and activity monitoring are only some of the security measures that can be enforced by cloud access security brokers in order to secure data and users in the cloud. In addition to this, they offer governance capabilities for their customers, such as policy management, incident response, and risk management, to assist businesses in managing and securing their cloud environments.

Conclusion

Cloud access security brokers safeguard cloud data. They monitor and control data and application access to secure cloud services. By monitoring and controlling cloud usage, they assist enterprises to meet regulatory and industry standards.

Cloud access security brokers can identify and mitigate threats to prevent data breaches and other security problems. They also offer encryption, data loss prevention, and threat detection. These solutions benefit all businesses, especially cloud-dependent ones. They should be utilized with firewalls, intrusion detection systems, and antivirus software as part of a holistic security plan.

Cloud Access Security Brokers CASBs

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Tags: CASBI, CASBs, cloud security

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Jan 26 2023

GoTo admits: Customer cloud backups stolen together with decryption key

Category: Cloud computing — DISC @ 12:11 am

GoTo admits: Customer cloud backups stolen together with decryption key

GoTo is a well-known brand that owns a range of products, including technologies for teleconferencing and webinars, remote access, and password management.

If you’ve ever used GoTo Webinar (online meetings and seminars), GoToMyPC (connect and control someone else’s computer for management and support), or LastPass (a password manangement service), you’ve used a product from the GoTo stable.

You’ve probably not forgotten the big cybersecurity story over the 2022 Christmas holiday season, when LastPass admitted that it had suffered a breach that was much more serious than it had first thought.

The company first reported, back in August 2022, that crooks had stolen proprietary source code, following a break-in into the LastPass development network, but not customer data.

But the data grabbed in that source code robbery turned out to include enough information for attackers to follow up with a break-in at a LastPass cloud storage service, where customer data was indeed stolen, ironically including encrypted password vaults.

Now, unfortunately, it’s parent company GoTo’s turn to admit to a breach of its own – and this one also involves a development network break-in.

Security incident

On 2022-11-30, GoTo informed customers that it had suffered “a security incident”, summarising the situation as follows:

Based on the investigation to date, we have detected unusual activity within our development environment and third-party cloud storage service. The third-party cloud storage service is currently shared by both GoTo and its affiliate, LastPass.

This story, so briefly told at the time, sounds curiously similar to the one that unfolded from August 2022 to December 2022 at LastPass: development network breached; customer storage breached; investigation ongoing.

Nevertheless, we have to assume, given that the statement explicitly notes that the cloud service was shared between LastPass and GoTo, while implying that the development network mentioned here wasn’t, that this breach didn’t start months earlier in LastPass’s development system.

The suggestion seems to be that, in the GoTo breach, the development network and cloud service intrusions happened at the same time, as though this was a single break-in that yielded two targets right away, unlike the LastPass scenario, where the cloud breach was a later consequence of the first.

Incident update

Two months later, GoTo has come back with an update, and the news isn’t great:

[A] threat actor exfiltrated encrypted backups from a third-party cloud storage service related to the following products: Central, Pro, join.me, Hamachi, and RemotelyAnywhere. We also have evidence that a threat actor exfiltrated an encryption key for a portion of the encrypted backups. The affected information, which varies by product, may include account usernames, salted and hashed passwords, a portion of Multi-Factor Authentication (MFA) settings, as well as some product settings and licensing information.

The company also noted that although MFA settings for some Rescue and GoToMyPC customers were stolen, their encrypted databases were not.

Two things are confusingly unclear here: firstly, why were MFA settings stored encrypted for one set of customers, but not for others; and secondly, what do the words “MFA settings” encompass anyway?

Several possible important “MFA settings” come to mind, including one or more of:

Phone numbers used for sending 2FA codes.
Starting seeds for app-based 2FA code sequences.
Stored recovery codes for use in emergencies.

SIM swaps and starting seeds

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Aug 31 2022

The Inevitability of Cloud Breaches: Tales of Real-World Cloud Attacks

Category: Cloud computing — DISC @ 9:43 am

While cloud breaches are going to happen, that doesn’t mean we can’t do anything about them. By better understanding cloud attacks, organizations can better prepare for them.

Cloud breaches are inevitable.

It’s the reality we live in. The last few years have demonstrated that breaches occur, no matter how much security organizations put in place. The increased complexity of organizations — where a single mistake or vulnerability can lead to a compromise — coupled with the increased motivation, sophistication, and dedication of attackers, means breaches are here to stay. At the same time, organizations are transitioning to the cloud, making attackers shift focus to rapidly increase their attacks on cloud environments.

While this means that cloud breaches are inevitable, that doesn’t mean we can’t do anything about them. By better understanding cloud attacks, organizations can better prepare for them. Then, hopefully, they can contain and respond to attacks faster, reducing their impact and averting a crisis.

This two-part series will explore real-world attacks that unravel, investigate, and share insights on practical ways organizations can respond to cloud attacks in today’s threat landscape.

SaaS Marketplace Hack Leads to Major Breach

In the last few years, software-as-a-service (SaaS) platforms have been replacing traditional enterprise applications, making it easier for organizations to adopt and manage them. Part of the value such platforms provide is the ability to integrate and expand rapidly, supporting the ever-growing demands of users for more functionality. Further enhancing their platforms, SaaS vendors are creating a marketplace to allow third-party providers to add functionality and integration for its users. These marketplaces, however, can introduce substantial third-party risk, as can be seen in the following scenario.

After a company was notified by GitHub of a potential risk, GitHub didn’t provide any specific indicators of unauthorized access. Instead, GitHub provided only a generic notice that DeepSource, one of the apps the company had previously been using on the marketplace, was breached, making it hard to understand whether the organization was affected or not. An initial review done by the company of its GitHub logs did not help, as it could not see any access to its code by DeepSource.

The reason for this was rather simple — and it is at the heart of how many SaaS marketplaces operate. A few months before the breach, one of the company’s developers tried out the DeepSource app, wherein the developer granted DeepSource access to the code under his username. When the attackers used DeepSource’s access to download the entire code repository, what appeared in the logs was a pull request under the name of a legitimate user. The only indicator that it was malicious was the identification of an irregular IP address, which eventually was tied to other known attacks.

At this point, it became clear that the entire code repository had been stolen, and a full-blown response was needed to contain and recover from the breach. As with most code leakage cases, the immediate concern was access to secrets (passwords/keys) in the code. While it is generally bad practice to have hardcoded secrets in code, it is still a common practice by many — and this case was no different. By identifying the relevant secrets in the code, the next steps of the attackers — which, as expected, started accessing some of the Amazon Web Services (AWS) infrastructure — was predicted. By quickly identifying them, the company was able to block access to all relevant resources, contain the breach, and recover before more damage could be done.

Cryptominer Injected into a Virtual Machine Template

What if one could mine cryptocurrency at somebody else’s expense? This idea is at the heart of many cryptomining attacks we see today, where attackers take over cloud resources, then run cryptominers on them collecting cryptocurrency while the hacked organization pays the cloud compute bills for it.

In a recent incident, a company had identified unknown files on 18 AWS EC2 machines they were running in the cloud. Looking at the files, it became clear they had fallen victim to the ongoing TeamTNT Watchdog cryptomining campaign. It was initially unclear how the attackers managed to infect so many EC2 instances, but as the investigation unfolded, it became apparent that instead of targeting individual machines, the attackers targeted the Amazon Machine Image (AMI) template used to create each machine. During the creation of the original image, there was a short time where a service was misconfigured, allowing remote access. TeamTNT used automatic tools to scan the network, identify it, and immediately place the miners there, which then got duplicated to every new machine created.

This highlights another common attack pattern: implanting cryptominers in publicly available AMIs through the Amazon marketplace.

As demonstrated by these cases, cloud attacks are here to stay. They’re different from what we’re used to observing, so it’s time to better prepare for their arrival. Stay tuned for part two, where we will dive into cloud ransomware and how to avoid it.

https://

www.darkreading.com

/cloud/the-inevitability-of-cloud-breaches-tales-of-real-world-cloud-attacks-

Practical Cloud Security

Tags: cloud security, Practical Cloud Security

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Jul 27 2022

Alkira Partners With Fortinet to Secure Cloud Networks

Category: Cloud computing — DISC @ 8:46 am

Alkira Partners With Fortinet to Secure Cloud Networks

Alkira today announced it has integrated its cloud service for connecting multiple networks with firewalls from Fortinet.

Announced at the AWS re:Inforce event, the integration makes it possible to automate the configuration and deployment of Fortinet firewalls via the FortiManager platform using a control plane that integrates with the networking services provided by multiple cloud service providers.

Ahmed Datoo, chief marketing officer for Alkira, said the alliance with Fortinet is in addition to existing support for firewalls from Palo Alto Network.

Alkira is making a case for a control plane for cloud networking that integrates with the application programming interfaces (API) exposed by various cloud service providers. As a result, there is no need for an IT team to deploy agent software on each cloud service to integrate the Alkira service, noted Datoo.

As organizations increasingly deploy workloads across multiple clouds, managing and securing each of the networks that cloud service providers give them access to has become challenging. The Alkira platform is designed to provide a single pane of glass for configuring networking and security services spanning multiple clouds, said Datoo. Those organizations can either use the frameworks provided by vendors such as Fortinet to manage individual elements or use an instance of the open source Terraform tool to programmatically invoke services, he noted.

The challenge organizations face when using multiple clouds is that each one is typically managed in isolation. As a result, IT teams find themselves dedicating IT staff to mastering the various tools required to manage these platforms. Over time, however, the total cost of IT starts to rise as each cloud platform is added to the extended enterprise. Alkira reduces those costs by unifying the provisioning and management of multiple cloud networks, said Datoo. It’s up to each IT organization to decide which cloud platform to use to deploy the Alkira platform to accomplish that goal, he added.

The alliance between Alkira and Fortinet is only the latest example of the convergence of network and security operations. While cybersecurity teams are still needed to define security policies, much of the routine management of firewalls and other security platforms is now handled by network operations—in part, to make up for the chronic shortage of cybersecurity personnel. Network operations, meanwhile, are slowly being integrated with other IT operations workflows to enable organizations to programmatically manage entire IT environments without requiring as many dedicated network specialists.

In the meantime, the attack surface that security teams are being asked to secure continues to expand in the age of the cloud. The issue, of course, is that the size of most organizations’ security teams remains constrained. The only way to secure all those cloud environments at scale is to rethink the entire approach to security operations. In most cases, those approaches were defined in an era where most workloads were deployed on on-premises IT environments that, in comparison, were comparatively simple to secure.

Cloud Security Handbook: Find out how to effectively secure cloud environments using AWS, Azure, and GCP

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Tags: Alkira, cloud security, Fortinet, Secure Cloud Networks

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Sep 30 2021

Supply Chain Emerging as Cloud Security Threat

Category: Cloud computing,Cyber Threats — DISC @ 9:20 am

Supply Chain Emerging as Cloud Security Threat

Misconfigurations in software development environments and poor security hygiene in the supply chain can impact cloud infrastructure and offer opportunities for malicious actors to control unwitting victims’ software development processes.

These were the results of a report from Palo Alto Networks’ security specialist Unit 42, which conducted a red team exercise with a large SaaS provider.

Within three days, the company discovered critical software development flaws that could have exposed the organization to an attack similar to those perpetrated against SolarWinds and Kaseya.

If an attacker (like an APT) compromises third-party developers, it’s possible to infiltrate thousands of organizations’ cloud infrastructures, the report warned.

Supply Chain Flaws in the Cloud

Matt Chiodi, CSO of public cloud at Palo Alto Networks, explained that supply chain flaws in the cloud are difficult to detect because of the massive number of building blocks that go into even a basic cloud-native application.

“Our researchers estimated that the typical cloud-native application is built upon hundreds of these packages,” he said. “Let’s call them ‘Legos.’ Each of these Legos that developers plug into their application carries a certain risk and can be a vector to another supply chain attack.”

The report highlights how vulnerabilities and misconfigurations can quickly snowball within the context of the cloud software supply chain, and called for organizations to “shift security left.”

“Shifting security left is about moving security as close to development as possible,” said Chiodi. “Historically, security and development teams have operated independently of each other.” He added that development teams like to move quickly and try new things and security is more often the opposite.

“The concept of ‘shift left’ attempts to not change developer behaviors, but rather equip them with processes and tools that work natively to secure their existing methods of developing software,” Chiodi said. “If security teams can equip development teams with processes and tools that work natively with development tools and measure regularly, they greatly reduce their risks of supply chain insecurity from cloud-native applications. This is a good first step.”

He pointed out the first wave of migrations to the cloud was marked by “lift and shift,” meaning that organizations simply took existing applications as-is and moved them to the cloud.

“When they did this, they could say the applications were running in the cloud, but the applications themselves were not cloud-native,” he said.

Being Truly Cloud-Native

Tags: cloud security, cloud security threat, supply chain

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Sep 17 2021

IBM Report Shows Severity of Cloud Security Challenges

Category: Cloud computing — DISC @ 9:22 am

IBM Report Shows Severity of Cloud Security Challenges

IBM Security Services today published a report detailing a raft of issues pertaining to cloud security, including the fact that there are nearly 30,000 cloud accounts potentially for sale on dark web marketplaces.

The report is based on dark web analysis, IBM Security X-Force Red penetration testing data, IBM Security Services metrics, X-Force Incident Response analysis and X-Force Threat Intelligence research.

The report found advertisements for tens of thousands of cloud accounts and resources for sale. Prices generally range from a few dollars to over $15,000 per account for access credentials depending on the amount of cloud resources that might be made accessible. On average, the price tag for cloud access rose an extra $1 for every $15 to $30 in credit the account held. Therefore, an account with $5,000 in available credit would be worth about $250, the report surmised.

In 71% of cases, threat actors offered access to cloud resources via the remote desktop protocol (RDP). X-Force Red found that 100% of their penetration tests into cloud environments in 2021 uncovered issues with either passwords or policy violations. Two-thirds of cloud breaches would likely have been prevented by more robust hardening of systems, such as properly implementing security policies and patching systems, the report noted.

More troubling still, IBM research indicates that vulnerabilities in cloud applications are growing, totaling more than 2,500 vulnerabilities for a 150% increase in the last five years. Almost half of the more than 2,500 disclosed vulnerabilities in cloud-deployed applications recorded to date were disclosed in the last 18 months.

The report also notes two-thirds of the incidents analyzed involved improperly configured application programming interfaces (APIs), mainly involving misconfigured API keys that allowed improper access. API credential exposure through public code repositories frequently resulted in access into cloud environments as well, the report noted.

API Security in Action

Tags: API Security, cloud security

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Sep 16 2021

Keys to the cloud: Unlocking digital transformation to enhance national security

Category: Cloud computing — DISC @ 9:34 am

Keys to the cloud: Unlocking digital transformation to enhance national security

This, paired with the “anything you can do, I can do better” mantra adopted by today’s nation-state threat actors, has left mission-critical information vulnerable to attack as it undergoes the great cloud migration.

These agile threat actors – without any red tape to stand in their way – have already adopted a cloud-centric mindset, oftentimes at the expense of our national security. Meanwhile, emerging technologies like artificial intelligence and machine learning that lend themselves to assisting defensive efforts are rendered useless unless the defense community focuses more time, energy and resources on becoming cloud-centric.

Ultimately, the issue of national security hangs in the balance, and the best way to ensure we stay ahead of the curve is by using the cloud to “digitally overmatch” our opponents and unlock the full potential of digital transformation.

Overwhelming opponents

Originally coined by the Army, the concept of “digital overmatch” stems from the idea that the respective branches of the military can easily overwhelm their opponents on the ground due to their superior resources. Now, in the era of cyber-enabled conflict, this concept can also be applied to the non-Defense space. Given that data is such a strategic asset, defenders must ensure they can outpace and outmaneuver adversaries by using data-driven technologies such as the cloud, and deliver on-demand resources across all domains whenever and wherever they’re needed.

Without commercial and government innovation in cloud-native technology, federal agencies and the military are unable to maximize the full potential of their modernization strategy.

“Digital overmatch” in action

Cloud Computing Security: Foundations and Challenges

Tags: cloud security

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Aug 18 2021

The 3 Rs of visibility for any cloud journey

Category: Cloud computing,Information Security — DISC @ 8:54 am

The 3 Rs of visibility for any cloud journey

While Security Orchestration Automation and Response (SOAR) solutions help automate and structure these activities, the activities themselves require telemetry data that provide the breadcrumbs to help scope, identify and potentially remedy the situation. This takes increasing significance in the cloud for a few reasons:

The public cloud shared security model may lead to gaps in the telemetry (e.g., lack of telemetry from the underlying infrastructure that could help correlate breadcrumbs at the infrastructure level to the application level).
Lack of consistency in telemetry information as applications increasingly segment into microservices, containers and Platform-as-a-Service, and as various modules come from different sources such as internal development, open source, commercial modules, and outsourced development.
Misconfigurations and misunderstandings as control shifts between DevOps, CloudOps and SecOps.
All the above coupled with a significant expansion of attack surface area with the decomposition of monolith applications into microservices.

When incidents occur, the ability to quickly size up the scope, impact and root cause of the incident is directly proportional to the availability of quality data, and its ability to be easily queried, analyzed, and dissected. As companies migrate to the cloud, logs have become the de-facto standard of gathering telemetry.

The challenges when relying almost exclusively on logs for telemetry

This book is designed for security and risk assessment professionals, DevOps engineers, penetration testers, cloud security engineers, and cloud software developers who are interested in learning practical approaches to cloud security. It covers practical strategies for assessing the security and privacy of your cloud infrastructure and applications and shows how to make your cloud infrastructure secure to combat threats, attacks, and prevent data breaches. The chapters are designed with a granular framework, starting with the security concepts, followed by hand-on assessment techniques based on real-world studies, and concluding with recommendations including best practices.

FEATURES:

Includes practical strategies for assessing the security and privacy of your cloud infrastructure and applications
Covers topics such as cloud architecture and security fundamentals, database and storage security, data privacy, security and risk assessments, controls related to continuous monitoring, and more
Presents several case studies revealing how threat actors abuse and exploit cloud environments to spread malware

Tags: cloud computing risks, cloud security

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Jul 28 2021

How is Cloud Infrastructure Security Important for an Organization?

Category: Cloud computing — DISC @ 12:16 pm

Top 5 Benefits of Cloud Infrastructure Security

Embracing new technologies lead to qualitative growth but simultaneously holds high chances of quantitative data breaches. While adopting cloud technology, it is important to see the security of cloud infrastructure as one of the crucial responsibilities. There are various organizations out there that are still unsure of the security of their data present in the cloud environment.

In 2019, Collection #1, a massive data breach held responsible for compromising data set of over 770 million unique email addresses and 21 million unique passwords. The collection of data files was stored on a cloud storage service and MEGA. Similarly, information of over 108 million bets’ records was leaked by an online casino group. The leaked data included details of customers’ personal information along with deposits and withdrawals.
Then the same year, a famous food delivery service providing firm was breached, compromising the data of 4.9 million users, including consumers and delivery employees.
Additionally, a post from Security Boulevard says acording to a survey almost 98% of the companies had witnessed at least one cloud data breach in the past 18 months, that is compared to 79% in 2020.

Here are the five major benefits that you gain from cloud infrastructure security solutions:

Data Security

Nowadays, cloud computing servers are becoming susceptible to data breaches. Cloud infrastructure security solutions help in ensuring that data like sensitive information and transaction is protected. It also helps in preventing the third party from tampering with the data being transmitted.

DDoS Protection

Distributed denial of service, aka DDoS attacks, is infamously rising and deployed to flood the computer system with requests. As a result, the website slows down to load to a level where it starts crashing when the number of requests exceeds the limit of handling. Cloud computing security provides solutions that focus on stopping bulk traffic that targets the company’s cloud servers.

Constant Support

When it comes to the best practices of cloud infrastructure security solutions, it offers consistent support and high availability to support the company’s assets. In addition, users get to enjoy the benefit of 27/7 live monitoring all year-round. This live monitoring and constant support offer to secure data effortlessly.

Threat Detection

Infrastructure security in the cloud offers advanced threat detection strategies such as endpoint scanning techniques for threats at the device level. The endpoint scanning enhances the security of devices that are accessing your network.

Supervision of Compliance

In order to protect data, the entire infrastructure requires to be working under complaint regulations. Complaint secured cloud computing infrastructure helps in maintaining and managing the safety features of the cloud storage.

The points mentioned above are clear enough to state how beneficial and vital is cloud infrastructure security for an organization. Unfortunately, there are very many high-profile cases that have been witnessed in past years relating to data breaches.

To patch the loopholes and strengthen the IT infrastructure security, it is crucial to keep the security of cloud storage services a high priority. Engage with the top-class cloud computing security tools to get better results and have the data secured.

Cloud Security

Tags: cloud computing risks, Cloud Infrastructure Security, cloud security, cloudcomputing

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Apr 01 2021

CSA Survey Suggests Cloud Security Is Improving

Category: Cloud computing — DISC @ 12:56 pm

CSA Survey Suggests Cloud Security Is Improving

New research suggests the overall state of cloud security continues to improve at a time when more organizations rely on multiple cloud service providers.

A survey of 1,900 security and IT professionals published this week by the Cloud Security Alliance (CSA) in collaboration with AlgoSec, a provider of network security tools, finds only 11% of respondents said they encountered a cloud security incident in the past year. The most common problems encountered were issues with a specific cloud provider (26%), security misconfigurations (22%) and attacks such as denial-of-service exploits (20%).

When asked about the impact of the cloud outages, more than a quarter of respondents said it took more than half a day to recover.

Despite growing confidence in cloud platforms, however, security remains a major area of focus. Top areas of concern include network security (58%), lack of cloud expertise (47%), migrating workloads to the cloud (44%) and insufficient staff to manage cloud environments (32%). In all, 79% of respondents noted some kind of issue involving IT staffing.

In the report, 52% of respondents reported they employed cloud-native tools to manage security as part of their application orchestration process, with half (50%) using orchestration and configuration management tools such as Ansible, Chef and Puppet. Less than a third (29%) said they used manual processes to manage cloud security.

Less clear, though, is who within the IT organization is responsible for cloud security. More than a third (35%) said their security operations team managed cloud security, followed by the cloud team (18%) and IT operations (16%). Other teams, such as network operations, DevOps and application owners, are all below 10%, the survey found.

Tags: cloud security

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Mar 23 2021

Taking a Security-First Approach to Cloud Migration

Category: Cloud computing — DISC @ 9:22 am

Taking a Security-First Approach to Cloud Migration

The pandemic and lockdowns hit their first anniversary mark, and many companies continue to have their employees work from home for the foreseeable future. Over the past year, organizations have seen how important cloud computing is to business operations.

In fact, according to a MariaDB survey, 40% of respondents said that COVID-19 accelerated their migration to cloud, and IDC found that while cloud spending increased slightly during the early months of the pandemic, other IT-related spending decreased.

If nothing else, 2020 showed organizations the advantages of cloud services. Of course, with more cloud use, there is more cloud risk. With almost all cloud teams working remotely, there has been an uptick in security vulnerabilities and a concern that there are ongoing cloud security issues that have yet to be discovered. Organizations are migrating so quickly to the cloud that security is an afterthought, and that has consequences.

Instead, a new Deloitte study recommended, this move to the cloud should work with cybersecurity as a differentiator to gain consumer trust. “An integrated cloud cyber strategy enables organizations to use security in their transformation in a way that promotes greater consumer trust, especially in today’s digital age,” the report stated. Any migration to the cloud should take a security-first approach.

Why Security First?

With an integrated, security-by-design cloud cybersecurity strategy, organizations can use security in digital transformation as a driver rather than as an afterthought, said Bhavin Barot, a Deloitte risk and financial advisory principal in the cyber and strategic risk practice, in an email interview. Leveraging secure design principles during a digital transformation or cloud migration helps organizations in the following ways, Barot added:

Incorporating leading-edge, innovative approaches such as intelligent threat detection.
Reducing risks related to technology, insider threats and the supply chain.
Elevating the DevSecOps posture for developers and engineers and
Establishes a cyber-forward approach that reinforces business objectives, enabling security principles such as zero trust.

Taking a Security-First Approach to Cloud Migration

Tags: cloud computing risks, Cloud Migration, cloud security

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Mar 14 2021

Passing a compliance audit in the cloud doesn’t have to be hard

Category: Cloud computing — DISC @ 9:30 am

Passing a compliance audit in the cloud doesn’t have to be hard

Adding compliance trails in cloud environments

The secret to resolving compliance and security issues before they escalate into costly audit penalties is to proactively add an automated compliance and security management system in the cloud environment. This way your company can take advantage of all the security benefits offered by the cloud provider while also managing other security aspects critical to your company’s operations while also providing an audit trail that can be used to help verify compliance.

In short, your company needs the means to detect specific issues and correct them prior to an official compliance certification audit. The top areas that auditors check are all centered on data access. That’s understandable given that Gartner predicts that “by 2023, 75% of security failures will result from inadequate management of identities, access, and privileges, up from 50% in 2020.”

Cloud security automation can scale along with your workloads in cloud environments and correct compliance issues and security vulnerabilities as they occur. Your company should consider the following when selecting an Identity Access Management (IAM) product to use in cloud environments to automate corrections and ensure compliance.

More easily visualize the current IAM posture and get alerts about excessive permissions
Get proof of regulatory compliance and data hygiene along with verification that relevant assets can only be accessed from specific areas in the application
Monitor any changes in the application that require updates in its security policy
If needed, create a new security policy that reflects the needs of each cloud-based asset
Ease of deployment in the pre-production and production environments

Source: Cloud services and foggy compliance issues

Cybersecurity for Executives in the Age of Cloud by [Teri Radichel]

Tags: Cloud compliance audit, cloud security

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What is Cloud Mining?

How does cloud mining work?

Advantages of Cloud Mining

Disadvantages of Cloud Mining

Types of Cloud Mining

Host Mining

Hash Power Leasing

How to spot potential fraud in cloud mining

BitDeer

StormGain

GMiners

Potential Risks

The Shifting Business Environment and Its Effects on Cloud Security

What Is Cloud Data Security?

Data Risks in Cloud

Application Programming Interfaces (APIs) with Security Flaws

Account Takeover or Account Hijacking

Insider Risks

Security Measures Protecting Data in Cloud Computing

Install Encryption

Archive the Data

Put Identity and Access Management (IAM) into Practice

Control Your Password Rules

Use Multi-factor Authentication (MFA)

Summary

What are the three categories of cloud security?

Physical Security

Operational Security

Data Security

Cybersecurity and the Cloud: What You Need to Know

Understand your responsibilities:

Cloud Security: How to Protecting Your Data in The Cloud.

Cloud security risks.

Set up Multi-Factor Authentication.

Update security software and patches regularly.

Create rules for permissions and user access.

Prepare a Breach and Attack Recovery Plan.

Cloud Access Security Broker for Data Protection: How It Can Be Achieved

Using Cloud Access Security Brokers for Data Loss Prevention

Performing Data Encryption

Managing proper compliance

The Four Pillars of a Cloud Access Security Broker

Conclusion

Security incident

Incident update

SaaS Marketplace Hack Leads to Major Breach

Cryptominer Injected into a Virtual Machine Template

DISC InfoSec

Supply Chain Flaws in the Cloud

Overwhelming opponents

Here are the five major benefits that you gain from cloud infrastructure security solutions:

Why Security First?

Adding compliance trails in cloud environments

The challenges of accelerated cloud adoption

vCISO as a service