Binance, one of the world’s largest cryptocurrency exchanges, has revealed that it is being blackmailed to the tune of 300 Bitcoin (approximately US $3.5 million) by someone who is threatening to release some 10,000 sensitive photographs of its customers. And in an attempt to identify its blackmailer, Binance has put a 25 Bitcoin (approximately US $290,000) bounty on their head.

Organizations of all sizes have made considerable shifts to using cloud-based infrastructure for their day-to-day business operations. However, cloud security hasn't always kept up with cloud adoption, and that leaves security gaps that hackers are more than happy to take advantage of.