image credit: Pixabay

Cybercrime Moves to the Cloud to Accelerate Attacks Amid Data Glut

November 16, 2020

Cybercriminals are embracing cloud-based services and technologies in order to accelerate their attacks on organizations and better monetize their wares, researchers have found. This is largely driven by cybercriminals who sell access to what they call “clouds of logs,” which are caches of stolen credentials and other data hosted in the cloud.

The cloud-based approach makes the information more easily available to interested buyers, who then turn around and use the data to conduct secondary attacks, according to Trend Micro. Malicious actors are offering “cloud-based tools [to buyers] for analyzing and extracting the data that they need to conduct [these] further malicious activities,” explained the firm in a Monday posting, which characterized the development as a relatively new approach.

Read More on Threat Post