CRYPTO NEWS: NORTH KOREAN HACKERS TARGETS JAPANESE CRYPTOCURRENCY EXCHANGES.

NORTH KOREAN HACKERS TARGETS JAPANESE CRYPTOCURRENCY EXCHANGES. ACCORDING TO THE JAPAN NEWS, WHICH CITED THE NATIONAL POLICE AGENCY, THE INFAMOUS NORTH KOREAN HACKER GANG LAZARUS IS TARGETING JAPANESE CRYPTO ASSET COMPANIES, AND SOME OF THESE COMPANIES HAVE ALREADY HAD THEIR CRYPTOCURRENCY STOLEN (NPA).

OVERVIEW OF NORTH KOREAN HACKERS TARGETS JAPANESE CRYPTOCURRENCY EXCHANGES:

NORTH KOREAN HACKERS TARGETS JAPANESE CRYPTOCURRENCY EXCHANGES
NORTH KOREAN HACKERS TARGETS JAPANESE CRYPTOCURRENCY EXCHANGES

THE FINANCIAL SERVICES AGENCY, THE NATIONAL CENTER OF INCIDENT READINESS AND STRATEGY FOR CYBERSECURITY, AND THE NPA TOGETHER ISSUED AN ALERT ON FRIDAY WARNING THAT THERE IS A GOOD PROBABILITY THAT LAZARUS HAS BEEN TARGETING JAPANESE COMPANIES FOR A NUMBER OF YEARS.

THERE ARE RUMOURS THAT CERTAIN JAPANESE BUSINESSES HAVE ALREADY DISCLOSED THAT THEIR INTERNAL SYSTEMS HAD BEEN COMPROMISED AND THEIR CRYPTOCURRENCY HAD BEEN TAKEN. THE ENSUING INVESTIGATION ALLOWED LAZARUS TO BE RECOGNISED AS THE ORGANISATION RESPONSIBLE FOR THESE FOCUSED STRIKES.

REGIONAL POLICE DEPARTMENTS AROUND JAPAN WORKED WITH THE NPA’S SPECIAL INVESTIGATIVE UNIT ON CYBER-ATTACKS, WHICH WAS ESTABLISHED IN APRIL OF THIS YEAR, TO LEAD THE PROBE.

IN THIS CASE, JAPAN EMPLOYED A PARTICULAR AND INFREQUENT TECHNIQUE CALLED “PUBLIC ATTRIBUTION” IN WHICH THEY NAMED THE ALLEGED PERPETRATOR BEFORE TAKING ANY ACTION, SUCH AS MAKING AN ARREST. IN THESE SITUATIONS, THEY ALSO REVEAL THE MOTIVES, MEANS, AND ANY OTHER PERTINENT INFORMATION OF THE ASSAILANTS. ACCORDING TO THE NEWS SOURCE, THIS APPROACH HAS RECENTLY BEEN RECOGNISED AS A USEFUL TOOL FOR PREVENTING ATTACKS.

ACCORDING TO KATSUYUKI OKAMOTO OF THE DATA SECURITY COMPANY TREND MICRO INC.

LAZARUS INITIALLY WENT AFTER BANKS IN VARIOUS NATIONS, BUT MORE LATELY, IT HAS FOCUSED ON CRYPTOASSETS THAT ARE HANDLED LESS STRICTLY. PUBLIC ATTRIBUTION IS CRUCIAL SINCE IT WILL INCREASE KNOWLEDGE OF THE PERPETRATOR’S METHODS AND ENCOURAGE PEOPLE TO TAKE ACTION.

ALTHOUGH IT IS STATED THAT IT IS CHALLENGING TO IDENTIFY FOREIGN CYBERCRIMINALS, IT IS STILL POSSIBLE TO DO SO USING PARTICULAR INVESTIGATIVE TECHNIQUES, SUCH AS AN EXAMINATION OF VIRUSES AND EMAILS.

IN THE INSTANCE OF LAZARUS, THE REPORT QUOTED A SENIOR NPA OFFICIAL WHO CLAIMED THAT THE GANG SENT MALICIOUS EMAIL TO WORKERS OF THE PARTICULAR, TARGETED COMPANIES, POSING AS EXECUTIVES OF CRYPTOCURRENCY COMPANIES. ADDITIONALLY, THEY USED SOCIAL MEDIA TO INTERACT WITH THESE WORKERS AND SPREAD MALWARE TO THEIR COMPUTERS.

SOME BUSINESSES THAT REPORTED THE EVENTS TO THE POLICE APPEAR TO HAVE HAD SUCCESS WITH THIS STRATEGY. ACCORDING TO THE ARTICLE, THE NPA HAS NOT DIVULGED ANY SPECIFIC DOMESTIC INSTANCES CONNECTED TO LAZARUS.

NORTH KOREAN HACKERS TARGETS JAPANESE CRYPTOCURRENCY EXCHANGES

BUT THIS WOULDN’T BE THE FIRST TIME LAZARUS AND THE CRYPTOVERSE HAVE COME INTO CONTACT. THE US TREASURY DEPARTMENT ONLY SANCTIONED AN ETHEREUM (ETH) ADDRESS THIS YEAR AFTER ALLEGING THAT IT WAS THE RECIPIENT OF THE COINS TAKEN IN THE RONIN BRIDGE BREACH.

WHILE THE SANCTIONS STATEMENT NOTED THAT LAZARUS WAS CENTRED IN THE POTONGGANG DISTRICT OF THE NORTH KOREAN CAPITAL PYONGYANG, THE US FEDERAL BUREAU OF INVESTIGATION (FBI) ASSERTED THAT A GROUP OF HACKERS FROM NORTH KOREA WERE RESPONSIBLE FOR THIS SECURITY BREACH.

AT THE TIME, THE BLOCKCHAIN ANALYTICS COMPANY CHAINALYSIS STATED THAT THE CRYPTO INDUSTRY REQUIRED BOTH “IMPROVED SECURITY FOR DEFI PROTOCOLS” AND A CLEARER “KNOWLEDGE OF HOW [NORTH KOREAN]-AFFILIATED THREAT ACTORS USE CRYPTO.”

THE LAZARUS GROUP AND SPECIFIC PURPORTED MEMBERS OF THE GROUP THAT HAVE BEEN IDENTIFIED BY THE FBI HAVE BOTH BEEN DISPUTED BY NORTH KOREA, WHICH HAS ALSO CONSISTENTLY DENIED THAT IT ATTEMPTS TO BREACH ENCRYPTION.

IN THE PAST, PYONGYANG HAS CALLED THE US GOVERNMENT THE “KINGS” OF HACKING AND SAID THAT CLAIMS OF CRYPTO THEFT WERE “THE SORT OF FALSEHOOD THAT ONLY THE UNITED STATES” WAS CAPABLE OF “CREATING.”

ACCORDING TO “SOURCES,” LAZARUS WAS ALSO RESPONSIBLE FOR THE THEFT OF ABOUT 6.7 BILLION YEN ($45 MILLION) IN BITCOIN (BTC) AND OTHER CRYPTOCURRENCIES FROM THE ZAIF CRYPTO EXCHANGE IN 2018 AND 3.5 BILLION YEN ($23.54 MILLION) IN XRP AND OTHER CRYPTOCURRENCIES FROM BITPOINT JAPAN IN 2019.

FOLLOW US ON:

HARI INFO SECTION H.D.C.

FACEBOOK YOUTUBE

HARI DENTAL CARE

HARI WEB STORIES H-SHOPEE

HARI ENTERPRISES

CRYPTO NEWS: NORTH KOREAN HACKERS TARGETS JAPANESE CRYPTOCURRENCY EXCHANGES.

Leave a Reply

Scroll to top
error: Content is protected !!