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Former top executives at ITT Educational Services, the parent company of defunct ITT Technical Institute, have settled fraud charges with the Securities and Exchange Commission, avoiding a trial that was slated to begin Monday.
A judgment order entered Friday puts to rest civil fraud charges filed…
Almost 35,000 former Corinthian College students in California will have the remainder of their private loan balances forgiven and some may receive payment refunds after an investigation by the state attorney general’s office said a loan company engaged in illegal debt-collection practices.
Breshna Musazai leaned on her brother as she climbed out of her wheelchair and up the stairs of the graduation stage at the American University of Afghanistan. With polio in one leg and injuries from a Taliban attack in the other, the climb was difficult. She heard cheers from behind her.
CNN.com – RSS Channel – World
Since graduating from college last month, Gabriel Villagomez has been polishing his resume, updating his LinkedIn profile — and worrying.
Sure, the job market looks promising for new graduates. And Villagomez, who plans to apply to medical school, just needs a job to hold him over for a year or…
Today, all Americans are told, “Go to college!” President Obama said, “College graduation has never been more valuable.”
A commencement speaker at a Virginia all-women’s college upset students and alumni for her criticism of the #MeToo movement Saturday, according to a report from Inside Higher Ed.
A Boston College philosophy professor—known simply as the “dating professor”—offers extra credit to her students who (while sober) ask someone out on a date, go on the date (still sober) with no physical contact.
It started at a North Carolina Applebee’s more than two years ago: Matt Nelson presented the idea to his college buddies that people like weird stuff on Twitter, and that dogs were internet gold. Nelson’s brainchild led to WeRateDogs , a Twitter handle with more than 6.4 million followers that’s…
A report published by cybersecurity company Vectra has detailed what it describes as an “alarming surge in cryptocurrency mining on college campuses.”
Colleges Become Hotbed for Mining Activities
Vectra’s report asserts that opportunistic students, malicious hackers, and even cryptocurrency mining scripts hosted by websites, are sapping power from universities to freely mine virtual currencies.
The analysis concludes that higher education is by far the largest industry that “exhibit[ed] cryptocurrency-mining attack behaviors from August 2017 through January 2018.” Vectra’s research claims that 85 percent of said attack behaviors identified across all industries originated from higher education institutions, followed by “Entertainment & Leisure” with 6 percent, Technology (3 percent), and Financial Services (3 percent).
The report notes that “The number of computers processing cryptocurrency hashes on college campuses increased before the value of bitcoin rose above $ 4,000 USD in 2017.” The sudden crash in bitcoin prices heading into January appears not to have deterred opportunistic students seeking to take advantage of campus electricity, with the report adding that “Even as the value of bitcoin fell 50% from its peak […], the number of computers performing cryptocurrency mining” on campuses did not decline.
Opportunistic College Students Take Advantage of Free Electricity
Joey Dilliha, an 18-year-old student at Western Kentucky University, recently told media that he leaves a Bitmain Antminer running in his dorm room, consistently garnering $ 30 each week in profit. “I believe more people should be doing it. It’s a super fun, and cool cheap way to be introduced to the market of mining,” Mr. Dilliha stated.
Dilliha said that his college does not permit his mining activities due to such being perceived as a fire hazard. “On dorm room check days, I have to turn it off and put a blanket over it. However, my RA loves to come in and talk about it with me,” he added.
In January, Stanford University issued a notice responding to what it described as “a sharp increase in incidents involving cryptocurrency mining at Stanford.” The notice sought to remind students that “Per university policy, Stanford resources must not be used for personal financial gain. As such, community members are prohibited from using university resources (including computing equipment, network services, and electricity) for cryptocurrency mining activities outside of faculty sanctioned research and course work.”
Vectra’s head of security analytics, Chris Morales, stated that “Students are more likely to perform crypto mining personally as they don’t pay for power, the primary cost of crypto mining.”
Do you think that colleges can do anything to stop opportunistic students from mining on campus? Share your thoughts in the comments section below!
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