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


JHVEPhoto/Shutterstock modified by Blockworks


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.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

ao cover.jpg


Arweave recently launched the testnet for AO computer, a new messaging protocol that will sit atop a PoS network and aims to become a scalable global compute platform through parallel processing and modularity.


Ore’s price more than tripled as the supply of new tokens paused


I spend an unhealthy amount of time thinking about crypto securities law — and I can’t see how ETH is now a securities offering under Howey


Regulators in South Korea, Japan and Singapore could follow Hong Kong’s lead as Asia responds to spot bitcoin ETF approval in the US


Martin Grant worked with the Fed for roughly 30 years before leaving his position in 2022


BitGo CEO Mike Belshe shared his thoughts on the halving and bitcoin ETFs in an interview with Blockworks


Crypto markets were largely the only ones open over a tense weekend, and they took a beating for it