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

MON - WED, MARCH 18 - 20, 2024

Digital Asset Summit (DAS) is returning March 2024. What you can expect: And more! Don’t miss out on the opportunity to be in the room when the future of crypto is decided. Join us and help shape the future of our […]

recent research

Research report - cover graphics-2.jpg


Base has doubled-down on its commitment to the Superchain vision, has shown early signs of success with nearly $400M in TVL, and has become home to novel dapps such as which has seen significant traction.


The SEC, in a Friday court filing, said it reserves its right to object to the plan from Celsius


Largely unnoticed until Monday, stakeholder Justin Sun confirmed a $8 million hack in a tweet


Crypto is that perfect edge for candidates to use to gain votes and campaign dollars


Coinbase can offer crypto custody, crypto buying and selling and crypto trading as part of the registration


The latest industry scandal has rattled Hong Kong’s ambition to become a global crypto hub as its main financial regulator ramps up measures designed to protect investors


Coinbase holds about 5% of the total bitcoin in circulation, according to on-chain analytics firm Arkham Intelligence