- Hackers from North Korea are engaged in a huge campaign to target financial institutions in the United States.
- However, they are also looking at crypto exchanges. Authorities in the US have said that this is a big threat against the nation.
Hackers from North Korea are engaged in a huge campaign to target financial institutions in the United States. However, they are also looking at crypto exchanges. Authorities in the US have said that this is a big threat against the nation.
The hacking group in North Korea, BeagleBoyz is being monitored by the federal government, United States cyber command and the Department of the Treasury.
BeagleBoyz hasn’t been active in the crypto space, or for that matter the world, for the past few years. In that place, the Lazarus group took over as the hacking group to be feared and they are reportedly responsible for stealing around $2 billion since 2015.
Now, the resurgence of the group comes as they have seemingly got a team back together and according to the latest findings, they have developed new irreversible methods for stealing. This would help them in their malicious act to target crypto platforms.
Erich Kron, a security awareness advocate for KnowBe4 (cybersecurity company), has spoken on the group saying that they are well organised and targeted ATMs.
“The ATM cash out schemes are interesting, as they are often well organized and can include many accomplices around the world working together to make large withdrawals simultaneously.”
“The use of phishing emails and LinkedIn connections demonstrate how the initial attacks are often done using low-tech social engineering schemes, then move into more high-tech techniques once in the network.”