Crypto Mobile Wallets

Crypto Mobile WalletsAccording to Responsible Use of Information Resources (SPG 601.07), U-M resources may not be used “for personal commercial purposes or for personal financial or other gain.” The Statement of Student Rights and Responsibilities states that students must abide by university computer policies. Members of the U-M community are prohibited from using university resources (including computing equipment, network services, and electricity) for cryptocurrency mining activities outside of faculty-approved research and coursework. Cryptocurrency Mining and Malware Dangers Attackers sometimes use phishing techniques to trick victims into clicking links that load cryptocurrency mining code on their computers. They may also infect websites with malicious code. Additionally, some websites contain code that runs on visitors’ computers, mining cryptocurrency for the website owner. The only sign victims may notice is a slowing of their computer’s performance. Be aware of Phishing & Suspicious Email dangers, and watch for websites that cause unexpectedly high resource usage. Cryptocurrency Mining Puts U-M and Personal Data at Risk Cryptocurrency mining using U-M resources or improperly secured personal resources: Slows performance for legitimate users. Can leave openings for attackers to exploit. Increases electricity and computing costs. Ties up IT staff who must troubleshoot performance or security issues. Puts U-M data and your privacy at risk.

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