December 3, 2018 IBOMLLC Team

North Korea is on a Grand Cyber Heist, stealing Cryptocurrencies from online exchanges

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Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

According to cybersecurity firm Recorded Future, North Korea is releasing herds of malware all targeting online exchanges to steal cryptocurrencies.

A report released by the firm shows that in the year 2018, North Korea ramped up its hacking activities by as much as 370%, compared to the same period last year. Recorded Future goes further to say in the report that North Korea uses lethal malware such as the WannaCry virus in their grand cyber theft activities.

Related: The rise of North Korea to International Hacking Stardom and how Africa plays part in its evil plot

North Korea is said to have created an elite group (no coalition) of hackers that calls itself as the ‘Lazarous Group.’ This group, is also referred to by the US Agencies as the ‘Hidden Cobra,’ and is believed to be behind a number of attacks on a number of exchanges and custodial services in South Korea.

North Korean government actors, specifically Lazarus Group, continues to target South Korean cryptocurrency exchanges and users in late 2017, before Kim Jong Un’s New Year’s speech and subsequent North-South dialogue,” reads …read more

Read more here:: North Korea is on a Grand Cyber Heist, stealing Cryptocurrencies from online exchanges

      

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