North Korean cyber-attack threat rises against cryptocurrency
North Korea-sponsored cyberattacks against cryptocurrency and digital platforms will only get more sophisticated over time as the country deals with persistent economic restrictions and resource constraints.
Soo Kim, a former CIA analyst, stated on Sunday that the North Korean people now view the process of earning cryptocurrency money abroad as a "way of life".
She also stated that it is probable that their "tradecraft" for crypto-attacking would continue to advance in the future.
“Even though North Korea's tradecraft for approaching and taking advantage of the flaws of foreigners isn't flawless at the time,” Kim claimed that “it's still a new market for them.”
Nearly two months after the release of a joint advisory from the US government about the infiltration of North Korean operatives across freelance tech jobs, the RAND Corporation policy analyst made the remarks, raising concerns about the theft of intellectual property, data, and money that could be used to violate sanctions.
According to Nick Carlsen, a former FBI intelligence analyst, DPRK (Democratic People's Republic of Korea) agents implanted in these companies would not only be able to make money to circumvent sanctions but also possibly be able to find flaws in particular client systems that their cyber colleagues might exploit.
The sources stated in a long Twitter exposé about North Korean hackers that these crypto assaults frequently started by attacking unwitting staff before moving on to target bridges and Asian-based businesses.
The nation has been accused of some of the largest hacks in recent crypto history, including the $620 million Axie Infinity hack and the $100 million Harmony protocol hack.
According to reports, there may be up to 7,000 full-time hackers in North Korea who work to raise funds through ransomware, cyberattacks, and crypto-protocol intrusions.
