Hackers used Italian bank servers to mine Bitcoin

Cyber security company Darktrace investigated this situation 
12 July 2017   1411

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Servers of one of the Italian banks in 2015 were used by hackers to mine crypto currency, Quartz reports.

According to the director of the UK-based Darktrace, specializing in cyber security, in January 2015, his specialists investigated the intervention in the system of financial organizations and identified data flows that were sent from the bank's servers to the botnet.

It was a fairly well known European criminal botnet. The data was not customer data; it turned out to be a fairly buggy implementation of bitcoin mining software. I don’t think they made very much money out of it.

Dave Palmer,
Director of technology, Darktrace

The captured server was shut down less than an hour after the start of the crypto currency production.

Dave Palmer also added that the period of the heyday of criminal production of crypto currency fell on 2014-2015. For comparison, in the last six months of 2017, Darktrace identified only 24 similar cases. 

Also, some time ago, hackers hijacked the Ethereum Classic Wallet and was able to steal around $300 000. 

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   174

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.