Tuesday, December 6

North Korean Hackers Attempt Hacking Israel-based Crypto Company.

In a recent update, it was revealed that an Israel-based crypto company got a hack attempt from North Korea-based Hackers, although the effort of the hackers was refuted.

The anonymous company attempted hacking via an impersonation scheme in which the hackers positioned themselves as Japanese, suppliers, Time of Israel updated.

Israel-based Crypto Firm Suffers Hackers Attempt

According to the report, it was revealed that the hackers were so much a professional in the acts and sophisticated as the hack attempt was foiled by personnel from Tel Aviv-based cybersecurity company Konfidas.

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The gadget used in the perpetrating of the acts was enigmatic, setting off “alarm bells in Israel.”

There is an assertion that the funds would have gone towards fostering the nuclear program at the North Korean capital of Pyongyang, but this claim could be based on previous attacks from North Korean hacking groups.

It is worth noting that North Korea’s cybercrime acts became known in 2014 after claims that it had hacked American entertainment firm Sony Pictures in retaliation for the 2014 movie “The Interview,” which ridiculed North Korea’s leader Kim Jong-un.

After the 2014 act, there are quite several top hacks on Central banks and government agencies have been linked to North Korea and since this time, a total of $60M theft from the leading Taiwanese financial entity, the Far Eastern International Bank, which has been traced to the country.

More also, in 2016, the Lazarus Heist witnessed a theft of $81 million from the Bangladesh national bank, which has been linked to North Korean hackers. The original plan of the cyber attack was to steal as much as $1B from the central bank of Bangladesh, but the damage was mitigated soon enough.

Notably, there has been over $300M worth of crypto assets theft perpetrated by North Korean hackers via several attacks which went into developing the East Asian country’s nuclear weapons program.

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The report revealed that the hacking act of South Korea has been to sponsor the  Pyongyang weapons program.


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