Tue, June 18, 2024

Cyberattacks, North Korea and Crypto-Related Crimes

Crypto-related cyberattacks

Hackers continue to inflict serious damage to the companies as well as individuals. Law enforcement agencies are working round the clock to minimize the risks connected with cyberattacks. However, people should take into account that not only separate criminal groups but even governmental organizations started to use cyberattacks for various purposes. North Korean hackers are targeting crypto owners around the world.

As a reminder, the U.S. and other countries imposed sanctions on North Korea. This way, they want to force North Korea to abandon nuclear weapons.

This year, more precisely in March the U.S. Treasury Department’s Office of Foreign Asset Control added 20 new Bitcoin addresses associated with two individuals to the list of sanctioned individuals.

Moreover, since the 2018 North Korean hacking group Lazarus stole more than $500 million in cryptocurrency. According to the United Nations Security Council, expert panel North Korea stole crypto and fiat currencies.

North Korean hackers and crypto industryNorth Korea and hacking group

As stated above the North Korean hacking group Lazarus, is targeting South Korean crypto holders amid the pandemic.

Furthermore, Lazarus is also launching attacks against other nations including the U.S. Moreover, a cybersecurity firm ESTsecurity warned that Lazarus started to launch adaptive persistent threats (APTs). Thi way hackers are trying to gain access to a network while remaining undetected.

Recently, the ESTsecurity released a statement. Additionally, thanks to this statement it is possible to learn more about cyberattacks.

A hacker can gain access to a network or exchange account by sending emails with malicious attachments. Importantly, a hacker will try to convince the crypto owner that he or she is from legitimate entities.

People should take into account that when it comes to attacking foreign institutions and companies, hackers are sending emails disguised as a job offer or job description. As a result, crypto owners in South Korea and abroad should pay more attention to cybersecurity.

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