In line with a recent report published by South China Morning, the chief operating officer of cybersecurity firm named ‘Cuvepia’ declared that his company detected over thirty Cyber Attacks on crypto-bearing people mostly by the hackers of North Korean.
Kwon Seok-Chul, thechief operating officerof thesaidSouth Korean cybersecurity company,aforementionedthat the new targets of the North Korean Cyber Attackers aresimplynormalindividualsinvestingin the cryptocurrencies. Adding further he said that a lot of these Cyber Attacksin probabilityhaven’t been detected so far, and therecouldhave been overa more than hundredattacks.
In line with the article, the “targetingof peopleholding virtual currencieslikeBitcoin [BTC] marks a departure from the previousstrategies.” As reported previously also,North Koreaallegedly backed2cryptocurrency scams and Cyber Attacks this year: hacksfundedby the country reportedly comprise ofaround 65%of all cryptocurrencypurloineduntil now.
Simon Choi,founding father ofcyber warfare research and analysiscompany IssueMakersLab, attributes the shift towardsvictimsto cybersecurity enhancements by exchanges andmonetaryinstitutions:
“Direct attacks on exchanges have becametougher,thushackersareconsideringinsteadgoingafter theindividual users with weak security.”
Choiconjointlyaforementionedthat the majority these cyber attackstarget’s now-a-daysarerichSouth Koreans since “they believe that ifthey aimCEOsof richcompaniesand heads of organisations” then “theycould take advantageof billions of won in virtual currencies.”
As per Luke McNamara,ananalyst at cybersecurity firm named FireEye, “it’sdoablefrom previous intrusions they’ve beenable tocollect information”regarding“peopleemployingthese cryptocurrency exchanges.”
McNamara explained that “when theyperceiveandgraspthe targets” then “theyareable tocraft lures specific to those organisations or entities.” Headditionally statedthat this makes them “effective at whatthey’redoing.”
As reported by EtherDesk earlier also, Kaspersky Labs claims that North Korean hacker collective Lazarus Groupused the “first” macOS malware to hack a crypto exchange.Specialistshaveconjointlyargued thatNorth Korea progressivelyuses cryptocurrencies to avoid U.S. sanctions.