Say ‘no’ to cryptocurrency mining

June 15, 2018  //  FOUND IN: Updates & Resources

Cryptocurrency mining a computationally intensive process of validating digital currency transactions that allows the miner to earn transaction fees and digital currency  is best avoided. Don’t do it yourself, and don’t let attackers use your devices to do it.

Illicit cryptocurrency mining has displaced ransomware as the No. 1 cyber security threat, according to industry experts (Forbes, 3/4/18). It can harm institutions by using significant and costly amounts of computing time and electricity and slowing system performance.

Don’t use U-M resources for mining

You are prohibited from using university resources (including computing equipment, network services and electricity) for cryptocurrency mining activities outside of faculty-approved research and coursework according to Responsible Use of Information Resources (SPG 601.07).

Protect yourself from mining malware

Attackers use phishing techniques to trick victims into clicking links that load cryptocurrency mining code onto their computers or infect websites with malicious code. The only sign of this victims may notice is a slowing of their computer’s performance.

Protect yourself against unauthorized use of your own computer by following IT security best practices: keep your software and apps up-to-date, do not click suspicious links in email, do not open shared documents or email attachments unless you are expecting them and trust the person who sent them, and only use secure, trusted networks.

Learn more on the Safe Computing website:

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