Security News > 2022 > November > Cloud vendors should take some responsibility for stolen compute, says Canalys CEO

Canalys Forums APAC Canalys CEO Steve Brazier has proposed that cloud vendors should have similar accountability to credit card companies when accounts are hacked and used to mine cryptocurrency.

"They can't afford to provide the computing power. But they can hack the public clouds," Brazier told the Canalys Forums APAC 2022 event.

The analyst company's CEO detailed that the cumulative illicit use of public clouds for crypto-mining was valued at $100 million or more so far in 2022, and growing quickly.

When it comes to who is accountable for the stolen compute, public cloud providers are leaving the channel responsible for any disputes.

Cloud computing wasn't the only tech industry affected by this year's crypto winter.

Brazier said the semiconductor industry was "Very quiet about how much money they were making for crypto miners" and that not only did industry players not want to disclose the income stream, they also "Took steps to try and avoid revealing that data." .

News URL

https://go.theregister.com/feed/www.theregister.com/2022/11/16/clouds_stolen_compute_canalys/