You could install a cpu alart to be sent by email then you could trace it when you get onto the node.We do not use colocrossing we use fdc servers - redstation - integria and for our usa location fiber hub las vegas.
We use anti fraud methods etc, i am basically looking for automated anti abuse for kvm, we can easly stop abuse and stop abuse fast within a few hours of it happening or faster. Abuse is not a problem but manul anti abuse is a lot more work than automated. eg: node watch
You may be able to have a monitor and have it supended vm's if they use too much cpu but you will lickly have to code this yourself.