|More from: | The Next Web |||
A Canadian university had to shut down its entire campus network after it discovered hackers had hijacked its computing power to surreptitiously mine cryptocurrency – Bitcoin BTC, to be exact.
In a statement released earlier this week, Nova Scotia-based St. Francis Xavier University revealed the hackers snuck in malicious software on its servers to run their crypto-jacking operation. Its technical team first detected the attack last Thursday.
“In consultation with security specialists, [we] purposefully disabled all network systems in response to what we learned to be to be an automated attack on our systems known as ‘crytpocoin mining,’” the statement reads.
Fortunately, the university claims no personal information was compromised as part of the attack. Still though, it caused
Read full article » https://thenextweb.com/hardfork/2018/11/07/university-cryptocurrency-mining-hack/
About | The Next Web |
In 2006, founders Boris and Patrick were looking for a tech event to showcase their new startup. When they couldn’t find one that checked all the boxes they decided to host their own. As they were organizing things, they soon realized they needed somewhere to promote the conference, and that’s how thenextweb.com was launched. It later became a blog and the result is what you are looking at right now.
TNW was started to bring insight, meaning—and every now and again, the lulz—to the world of technology. But we didn’t want to stop there. Today the company has grown from those two parts to four pillars that brought forth TNW News, TNW Deals, TNW Conference and Events, our new tech hub called TQ and Index, our market intelligence platform.