North Korean Hackers Increase Crypto Attacks, FBI Warns
North Korean crypto hackers might impact virtual assets, DeFi, and crypto ETFs.
The FBI warns crypto investors of the growing threat of adept North Korean hackers. According to the US investigative agency, these fraudsters want to steal large crypto assets from digital asset service providers. These cyber assaults are reportedly sophisticated social engineering tactics that are hard to detect. Since crypto investment frauds were rising, the government issued a similar warning in March.
North Korean crypto hackers pose a threat to all enterprises in virtual digital assets, decentralized finance (DeFi), and crypto-related exchange traded funds. “Before initiating contact, the actors scout prospective victims by reviewing social media activity, particularly on professional networking or employment-related platforms,” the FBI said. Hackers use convincing impersonation tricks, fake scenarios, and pre-operational research to plan hacks.
The FBI has highlighted many methods crypto businesses may protect their platforms from North Korean hackers. Personal, unique verification techniques may screen out dubious contactors.
“Do not store cryptocurrency wallet logins, passwords, wallet IDs, seed phrases, private keys, etc. on Internet-connected devices. The FBI advises against pre-employment screening and code execution on business computers and gadgets.
Web3 firms also use multi-factor authentication (MFA), regular security check rotations, limiting access to internal network documentation, and funneling business-related communication, according to the FBI.
“If you suspect a social engineering campaign has affected you or your company, disconnect the affected devices from the Internet immediately. Leave afflicted devices switched on to prevent losing recoverable malware artifacts, the law enforcement agency said, adding to report such suspicions immediately.
After North Korea’s Lazarus Group hacked Indian exchange WazirX last month, the FBI made this revelation. The assault stole $230 million (Rs. 1,900 crore) from WazirX reserves.
WazirX co-founder Nischal Shetty told Gadgets 360, “most of the research community says that the pattern matches with Lazarus group. One of the industry’s brightest researchers says the pattern fits. We have reliable evidence that’s possible.”
CREDIT: Allneeds, Gadgets360
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