North Korea’s hackers are reportedly targeting bitcoin exchanges

North Korea’s hackers have been linked with many attacks, including the 2014 Sony hack, but it looks like the totalitarian state is now targeting bitcoin, and crypto coin exchanges in particular, with its hacking teams.


BEAM Team

17 Sep, 2017

North Korea’s hackers are reportedly targeting bitcoin exchanges | BEAMSTART News

- From our Sponsors -

North Korea’s hackers have been linked with many attacks, including the 2014 Sony hack, but it looks like the totalitarian state is now targeting bitcoin, and crypto coin exchanges in particular, with its hacking teams.

That’s according to a new report from cybersecurity firm FireEye, which claims to have tracked at least five attacks on bitcoin exchanges, or individual bitcoin wallets, within the past six months. The targets reportedly include South Korea-based exchange Yapizon, and two others that were not named.

Korea’s top crypto exchange Bithumb, the world’s fourth largest exchange, was hacked in late June, while the country’s top Ethereum exchange is said to have lost over $1 million via a breach earlier this month, but it is unclear whether North Korea was involved in either heist.

Related: Create awareness & reach out to more people

The rise of bitcoin, which has surged to record highs this year and touched $5,000 per coin on some exchanges this month, and Ethereum, which has gone from $8 per coin in January to around $300 today, has made exchanges and other places were coins are stored hugely attractive targets for hackers. If figures, then, that North Korea — which already draws revenue from illicit businesses — is interested.

“It should be no surprise that cryptocurrencies, as an emerging asset class, are becoming a target of interest by a regime that operates in many ways like a criminal enterprise. While at present North Korea is somewhat distinctive in both their willingness to engage in financial crime and their possession of cyber espionage capabilities, the uniqueness of this combination will likely not last long-term as rising cyber powers may see similar potential,” FireEye concluded.

Related:

- From our Sponsors -

Latest Jobs

Revenue Director (Go-to-market areas)

Pulppo

Mexico City, Mexico, United States

Full Time

USD 50000 — USD 80000 yearly

🤝🏼 Talent Lead

Replo

San Francisco, United States

Full Time

USD 100000 — USD 130000 yearly

People Partner Intern

Finku

Jakarta, Indonesia, United States

Internship

Salary Undisclosed

Full Stack Engineer

kapa.ai

United States

Full Time

USD 80000 — USD 119998 yearly

JavaScript Automation Intern

HiOperator

San Francisco, United States

Internship

USD 17 — USD 25 yearly

Senior Data Analyst

Vahan

Bengaluru, India, United States

Full Time

USD 2100000 — USD 3000000 yearly

Supplier Quality Engineer, Energy Storage

Moxion Power Co.

Richmond, CA, United States

Full Time

Salary Undisclosed

Senior Product Designer, Graphing

BioRender

Toronto, Canada, United States

Full Time

USD 130 — USD 240 yearly

Snr. Software Engineer (Backend)

SkyLink

New York, United States

Full Time

USD 125000 — USD 155000 yearly

QA Engineer - Intern

Peakflo

Singapore, Singapore, United States

Internship

USD 360000 — USD 600000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).