Technology

University shuts down its entire network to stop Bitcoin crypto-jackers

A Canadian university had to close its entire campus network after discovering that hackers had diverted their computer power to sneak up cryptocurrency – Bitcoin BTC to be exact.

In a statement released earlier this week, St. Francis Xavier University, based in Nova Scotia, revealed that hackers were sneaking into malicious software installed on its servers to manage their crypto-jacking operations . His technical team detected the attack for the first time last Thursday.

"I n consulting with security specialists, [we] deliberately disabled all network systems in response to what we learned to be an automated attack on our systems, called" mining, "the statement said.

Fortunately, the university says that no personal information has been compromised as part of the attack. Still, it caused a lot of problems on campus.

The statement suggests in particular that the shutdown of the network made it impossible to use wi-fi or the execution of transactions by debit. The university says that it is still recovering from the attack, but expects its services to be restored and operational soon.

The crypto-jacking epidemic

In recent months, many crypto-jacking attacks have been perpetrated against institutions. In February, British researchers discovered tons of government sites infected mining in Monero. More recently, it appeared that many hackers also discreetly diverted from the Indian government sites to exploit cryptocurrency .

Hackers are not the only ones to be isolated from university networks.

In 2014, an anonymous student from University College London was using campus computers for operating 30,000 Dogecoin (about 25 dollars at the time). We saw a similar trend earlier this year, with many students admitting using their dormitories to manage the Ethereum Mineral Operations and Bitcoin.

In contrast, research conducted by RWTH University of Aachen revealed that Monero's crypto-jackers earned about $ 250,000 a month.

(via Bitcoin News Live )

Posted on November 7, 2018 – 10:44 UTC

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