30 Jun 2022

North Korea is likely culprit behind $100 million crypto heist, researchers say

North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, a so-called blockchain bridge developed by U.S. crypto start-up Horizon. The tool is used by crypto traders to swap

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29 Jun 2022

Crypto winter freezes into North Korea`s $2b stolen digital assets

Since the beginning of this year, the cryptocurrency market has been in a tailspin. The current crypto winter may be long and severe. On the other hand, some investors remain hopeful that the tides will turn. The effects of the crypto winter have spread throughout the market, affecting individual and

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30 May 2022

Will Russia Launch a New Cyber Attack on America?

Policy circles in Washington are now debating how Vladimir Putin might respond to a major contraction of the Russian economy and clear signs that Moscow is losing the war in Ukraine. Some posit that a cornered president, furious and facing a near defeat, might indeed respond brutally—moving the proxy confrontation

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19 May 2022

Axie Infinity hack highlights DPRK cryptocurrency heists

Despite how enormous it was, the Axie Infinity heist marked only the latest chapter in the story of North Korean financial cybercrime. Sky Mavis, the developer of popular nonfungible token (NFT) video game Axie Infinity, lost hundreds of millions of dollars in assets when they were stolen by hackers on March

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17 May 2022

U.S. Government Issues Warning About Undercover North Koreans Working in the Crypto and IT Industries

The U.S. government is increasingly alarmed about the thousands of North Korean tech workers that are being dispatched to American IT companies, including crypto firms, to earn revenue for North Korea and its weapons programs, violating U.S. and UN sanctions. In a new advisory, the government outlined methods to detect undercover

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17 May 2022

Ransomware – a burgeoning geopolitical weapon?

Today, ransomware is treated mostly as a criminal problem, but there is an argument to be made for treating it as a geopolitical issue too. As such a cheap and easy way to steal money from large businesses, it’s no wonder that the CEO of the UK’s National Cyber Security

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09 May 2022

Researchers tie ransomware families to North Korean cyber-army

The North Korean army is continuing to try its hand at ransomware, according to a new report from cybersecurity firm Trellix. Christiaan Beek, lead scientist with the company’s threat research division, released a report on Tuesday tying four ransomware families — BEAF, PXJ, ZZZZ and CHiCHi — to the prolific Unit

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26 Apr 2022

How North Korea’s crypto hackers are funding Kim’s missile habit

North Korean leader Kim Jong-un vowed last night to ramp up his country’s nuclear arsenal. Such weapons don’t come cheap, especially for a state targeted by stringent sanctions and with a stagnating economy. So where does the money actually come from? Kim Jong-un appears to be using cyberspace – and

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25 Apr 2022

North Korea Becoming Cryptocurrency-Hacking Central As Cyber Crimes Increase

Hacking, which involves gaining unauthorized access to data in a computer system or individual unit, is used to exploit weaknesses in computer systems or networks, either to harm organizations or governments or to steal online assets. In 2021, a hack impacted the Colonial Pipeline system in Houston, Texas. The system

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04 Apr 2022

China accused of cyber-attacks on Ukraine before Russian invasion

China launched cyber-attacks on Ukrainian military and nuclear targets shortly before the Russian invasion, according to a report. The UK government confirmed that the National Cyber Security Centre was investigating the allegations, which claim that more than 600 websites, including Ukraine’s defence ministry, were subjected to thousands of hacking attempts

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