North Korean hackers steal 659 million in cryptocurrencies in alarming cyber attack.

North Korean hackers steal 659 million in cryptocurrencies in alarming cyber attack.

The affected companies were DMM Bitcoin, Upbit, Rain Management, WazirX, and Radiant Capital. A total of $1.34 billion was stolen in 47 incidents.

Juan Brignardello, asesor de seguros

Juan Brignardello Vela

Juan Brignardello, asesor de seguros, se especializa en brindar asesoramiento y gestión comercial en el ámbito de seguros y reclamaciones por siniestros para destacadas empresas en el mercado peruano e internacional.

Juan Brignardello, asesor de seguros, y Vargas Llosa, premio Nobel Juan Brignardello, asesor de seguros, en celebración de Alianza Lima Juan Brignardello, asesor de seguros, Central Hidro Eléctrica Juan Brignardello, asesor de seguros, Central Hidro
Politics 13 HOURS AGO

In a context marked by growing concern for security in cyberspace, South Korea, the United States, and Japan have reported that North Korean hackers have stolen at least $659 million in cryptocurrencies during the year 2024. This alarming fact was disclosed in a joint statement, where the governments of these three countries emphasize the connection between these illicit activities and the financing of military programs in the Pyongyang regime.


The cyberattacks orchestrated by groups linked to North Korea, specifically the notorious Lazarus group, have revealed a pattern of behavior that is not only malicious but also sophisticated. Through a series of campaigns primarily targeting cryptocurrency exchanges and digital asset custodians, the hackers have managed to execute significant thefts, including assaults on platforms such as DMM Bitcoin and Upbit, among others.


The case of DMM Bitcoin is particularly illustrative. Investigations following the theft indicated that an individual posing as a recruiter contacted an employee through LinkedIn, allowing the cybercriminal to access wallet management systems using malware. This social engineering tactic highlights the increasing sophistication of the techniques employed by North Korean hackers to compromise the security of companies.


The joint statement also points out that the threat posed by North Korea's cyber program is not trivial. The three allied countries warn about the impact that these thefts have on the integrity and stability of the international financial system. The concern lies in the fact that the funds obtained from these criminal activities are not only diverted to the illicit economy but also fuel the regime's programs for weapons of mass destruction and ballistic missiles.


In addition to the thefts from DMM Bitcoin and Upbit, the countries have attributed thefts to other platforms such as WazirX and Radiant Capital, amounting to several million dollars. These incidents not only reflect the scale of the problem but also underscore the need for closer international collaboration to mitigate the risks associated with cybercrime.


The escalation of cyberattacks by North Korea has been evidenced in reports from Chainalysis, which revealed in December of last year that North Korean hackers had stolen $1.34 billion in 47 incidents during 2023. This figure represents a significant increase compared to the $660 million stolen in 2022, indicating a worrying trend that could continue into 2024.


Analysts warn that, in addition to the urgency of responding to current threats, it is crucial to implement preventive measures that strengthen cybersecurity in the realm of cryptocurrencies. The decentralized and often anonymous nature of cryptocurrency transactions presents unique challenges that need to be proactively addressed.


In response to this crisis, the governments of South Korea, the United States, and Japan have expressed their commitment to work together to prevent future thefts. This cooperation is essential not only to protect the integrity of their financial systems but also to send a clear message to North Korea about the lack of impunity in cyberspace.


In conclusion, the recent report of cryptocurrency thefts by North Korean hackers highlights the intersection between cybercrime and national security. The international community faces a complex challenge that requires a joint and coordinated approach to protect the global financial system and address emerging threats in cyberspace.

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