The spectacular collapse this week of Code Spaces, a cloud-based code repository, may have been the result of a an unspectacular “opportunistic” hack, rather than a targeted operation, according to one cloud security expert. The sudden demise of the online application repository has sent shock waves through the tech industry, laying bare what some say are lax practices among many cloud-based application and infrastructure providers. But the attack itself was almost certainly the result of a larger, indiscriminate cyber criminal campaign, said Jeff Schilling, the Chief Security Officer of Firehost, a Texas-based secure cloud provider. “This is something we pretty frequently: companies get held ransom with a DDoS attack, and if that doesn’t work, (the attackers) will resort to doing other things,” Schilling told The Security Ledger. But Code Spaces almost certainly wasn’t the only company the extortionists worked on, Schilling said. Instead, the company was likely caught up in a wide net […]