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By SecureWorld News Team
Mon | Mar 5, 2018 | 8:47 AM PST

If your organization runs its own data center, you might want to keep a close watch on your inventory. 

That's because of a crime in Iceland that involves hundreds of stolen computers from multiple data centers.

Even a security guard was in on the heist.

The AP report hits the highlights:

Some 600 computers used to “mine” bitcoin and other virtual currencies have been stolen from data centers in Iceland in what police say is the biggest series of thefts ever in the North Atlantic island nation.

Some 11 people were arrested, including a security guard, in what Icelandic media have dubbed the “Big Bitcoin Heist.” A judge at the Reykjanes District Court on Friday ordered two people to remain in custody.

The powerful computers, which have not yet been found, are worth almost $2 million. But if the stolen equipment is used for its original purpose—to create new bitcoins—the thieves could turn a massive profit in an untraceable currency without ever selling the items.

In this case, the server company offered bitcoin mining services, which meant the stolen devices were set up to mine crypto, making them an even more attractive target.

But you can sure see how someone who steals your computing power could use it to mine crypto, without ever having to sell the device they stole. 

As we often say on the SecureWorld news team, "It's all about the crypto." This story is more evidence of that.

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