A major international hosting company is recovering after a sophisticated cyberattack hijacked its servers for cryptocurrency mining, resulting in millions of dollars in damages. The breach surfaced after a coordinated law enforcement operation in Ukraine led to an arrest, underscoring the rising threat of cybercriminals exploiting cloud infrastructure for illicit gain.
Authorities traced the breach to a 35-year-old who systematically exploited the company’s security vulnerabilities. Using data gathered from public sources since 2018, the hacker compromised over 5,000 customer accounts. Once inside, he deployed virtual machines to mine cryptocurrency, diverting substantial computing power and causing an estimated $4.5 million in losses.
Källa: Hacker arrested after exploiting 5,000 accounts in $4.5 million cryptojacking scheme
