The university terminates its entire network to stop the Bitcoin crypto-jackers

A Canadian university was forced to shut down the entire campus network after it discovered that hackers had experimented with its computing power for encryption – Bitcoin BTC, to be exact.

In a statement published earlier this week, the University of St. Louis, Nova Scotia's Francis Xavier revealed that hackers ran into malware on their servers to perform crypto-jacking. Its technical team detected the attack last Thursday.

"In consultations with security experts, [we] deliberately turned off all network networks in response to what we learned to be an automated attack on our systems known as "cryptoscopy extraction," the statement said.

Fortunately, the university claims that no personal information was compromised as part of the attack. Nevertheless, it has caused several problems at the university.

Among other things, the statement shows that network interruption makes it impossible to use wi-fi or carry out debit transactions. The university says it continues to recover from the attack, but expects its services to be operational soon.

The encryption epidemic

There has been an overwhelming majority of cryptographic attacks in institutions over the past few months. Back in February, British researchers found tons of contaminated Monero mining areas. More recently, it came to light many hackers had also quietly murdered Indian government sites to pass encryption.

Hackers are not the only ones who have moved away from university networks.

Back in 2014, an anonymous student at the University of London used the university computers my 30,000 Dogecoin (about $ 25 dollars at that time). We saw a similar trend earlier this year, with many students admitting that they are using their dorm rooms to run on small scales Ethereum and Bitcoin mining.

On the contrary, the survey by The Aachen RWTH University said Monero crypto-jackers made about $ 250,000 a month.

(via Live Bitcoin News)

Published November 7, 2018 – 10:44 UTC