Google report flags LLMjacking fraud as seven-figure cloud bills

Google's threat intelligence team reports that cybercriminals are hijacking stolen enterprise AI credentials and reselling LLM access, leaving victims to pay the compute bills. Fraudulent AI consumption topped $100,000 in a single day and reached $1 million at some firms. The LLMjacking attacks hit finance, retail, tech and transportation companies, exposing gaps in financial controls.

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