Crypto News: Security Alliance Flags Rising North Korean Presence in Crypto
The post Crypto News: Security Alliance Flags Rising North Korean Presence in Crypto appeared on BitcoinEthereumNews.com.
Security Alliance (SEAL) warns of alarming North Korean crypto hackers. Operatives are embedded in 15-20% of crypto firms, posing severe national security risks. Pablo Sabbatella of Security Alliance (SEAL) issued a stark warning. North Korean infiltration in crypto is “much worse than people think.” He says operatives are embedded within 15% – 20% of crypto companies. Moreover, this exposes a threat that permeates across the entire. North Korean Hackers Exploit Crypto’s Weak OPSEC He added that 30% – 40% of the job applications come from North Korean actors. These individuals are using global ‘front’ accounts. They also make use of remote access. They pose as U.S.-based workers. Sabbatella further stated that crypto has “the worst OPSEC in the entire computer industry.” This makes the founders and teams easy targets. They are susceptible to social engineering and malware attacks. Moreover, the nature of North Korean penetration is far larger than fund theft. The danger is deeper while they have stolen billions. It involves getting the workers hired at legitimate companies. These operatives get access to critical systems. They operate infrastructure. This is the basis of major crypto companies. This poses an existential risk. Related Reading: Crypto Hack News: North Korean Hackers Exploit EtherHiding for Crypto Thefts | Live Bitcoin News Hackers based in North Korea have managed to steal more than $3 billion worth of cryptocurrency. This was in the past three years. This was made possible using sophisticated malware. They used even social engineering. This was according to the US Treasury Department, which reported this in November. The stolen funds were then put to use. They financed Pyongyang’s nuclear weapons programs. This raises the alarming national security consequences. Their method of hiring is complicated. For the most part, North Korean workers do not apply for jobs directly. As a result,…
