Google now offering $1M crypto mining attack protection

Google found that in 65% of cases involving compromised cloud accounts, hackers were engaging in crypto mining

article-image

JHVEPhoto/Shutterstock modified by Blockworks

share

Google Cloud is offering certain customers up to $1 million in protection for costs incurred during undetected crypto mining attacks. 

Subscribers to Google’s Security Command Center Premium, a cyber threat detector, are entitled to this hefty protection. 

Philip Bues, a cloud security expert for market research firm IDC, said that Google Cloud is taking a step forward with this move.

“Cryptomining attacks continue to be a serious security and financial issue for organizations who do not have the right preventative controls and threat detection capabilities in their cloud environments,” Bues said in a statement.

The decision to include such coverage for these types of breaches came after Google’s Cybersecurity Action Team published a September 2022 report showing that in 65% of cases involving compromised cloud accounts, hackers were engaging in cryptocurrency mining.

The attacks are often partially or completely automated, according to the report, making them quick and easy to carry out.

In the event that a hacker manages to bypass Google’s detection capabilities and proceeds to run crypto mining software on a user’s cloud account, Google will now take responsibility for the customer’s expenses, providing coverage of up to $1 million for their bill.

It’s important to note that this protection program doesn’t have anything to do with bitcoin mining. It is available only for people using mining software. One of the most popular crypto tokens to be mined this way is monero (XMR). 

Blockworks reached out to Google and didn’t receive an immediate response.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Unlocked by Template (7).png

Research

Union’s improvements upon Tendermint consensus through CometBLS, coupled with ZK proving through Galois, allow for a broadly scalable, cost efficient, and low latency IBC implementation that is feasibly scalable across every existing blockchain, virtual machine and runtime. The implementation offers modular crosschain interoperability without the need for trusted intermediaries.  

article-image

Kraken’s chief security officer Nick Percoco said the exchange turned the tables on a North Korean hacker

article-image

Or is it approximately the least cypherpunk thing we could do?

article-image

Over 20% of SOL-USD swap volume goes through SolFi

article-image

CEO Vlad Tenev calls expected clarity on listing crypto asset securities “a big opportunity”

article-image

Big Tech pulled US indexes back into the green Thursday, as investors waited for two more Mag 7 first-quarter reports after the bell

article-image

Charts and takeaways from Tuesday’s jobs report and Wednesday’s GDP print, as the economy digests the tariff war