North Korean Crypto Hackers Are Targeting ETF Companies for Scam
Key Points:
Read more: North Korean Hackers Face UN Scrutiny Over $3 Billion Cyberattacks
State-sponsored cyber actors use sophisticated social engineering to steal money and disrupt networks associated with virtual currency.
The FBI said North Korean crypto hackers are currently conducting reconnaissance in search of potential targets. Apparently, this is focused on organizations that have some sort of involvement with cryptocurrency exchange-traded funds or other crypto-related financial products.
These cyber actors have been known to use social media platforms, including those used for professional networking, to obtain personal data and construct an elaborate scheme with the intent of persuading an employee to take some action. Common methods include offering a job or other investment opportunities in order to distract victims into revealing sensitive information or installing the malicious software.
The FBI cited several indicators of North Korean crypto social engineering activity in the recent alert, besides recommending mitigation strategies. These include increasing cybersecurity training among employees for recognizing phishing and suspicious communications.
Companies are advised not to store any information related to cryptocurrency wallets on devices that may be connected to the internet, and also to make use of secure identity verification via separate communication channels.
In doing so, the FBI emphasized that companies, especially those with large cryptocurrency holding positions, need to be cautious against such sophisticated threats. Even firms with good cybersecurity cannot be exempt because North Korean crypto hackers use very advanced techniques.
The alert comes hot on the heels of a report about North Korean crypto hackers leveraging a zero-day in Chromium’s V8 JavaScript engine to target cryptocurrency players, using malware such as the AppleJeus trojan in order to siphon off digital assets from compromised systems.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Crypto firm Galois Capital settled with the SEC for failing to comply with asset protection…
FTC data shows a sharp increase in Bitcoin ATM scams, with over $65 million lost…
Scottish prosecutors have seized and converted about $144,000 (£110,000) worth of Bitcoin stolen belonging to…
Matter Labs workforce reducetion comes hot on the heels of the company's vigorous organizational restructuring.
21Shares launches 21BTC (Wrapped Bitcoin) product on the Ethereum blockchain.
On September 3, Catizen announced an 18-day countdown without specifying the event, sparking speculation about…
This website uses cookies.