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Cyber News Rundown: Edition 11/10/17

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UK-Based Cryptocurrency Hit By Cyberattack

Prior to the official launch of Electroneum, a UK-based cryptocurrency that uses smartphones for its mining process, was targeted by a DDoS attack that shut down both the website and the app for several days. The attack effectively blocked all users from accessing their accounts, as the entire network was forced offline, to ensure the safety of investors’ funds.

Canadian University Held for Ransom

In the past week, officials have been working with affected students to secure their personal information after hackers breached the university’s systems and gained access to student records. The university has since taken its email system offline, as the hackers were spreading the leaked information throughout the email lists. Along with the data circulation, the hackers also demanded the university pay a large ransom of roughly 23,000 USD within 48 hours, though officials are still uncertain when the breach itself occurred.

WaterMiner Cryptocurrency Mod for GTA 5

As more cryptocurrency miners are embedded in software, one Russian hacker has gone a step further by exploiting a mod for the popular game Grand Theft Auto 5. The exploit silently uses a computer’s power to mine digital currency and, with the help of a modified version of the XMRig miner, can hide itself if it suspects monitoring software is active.

More on the Webroot blog here.
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