Coinbase’s US Training & Citizenship Rule To Thwart North Korean Threat
In the face of rising prices and renewed interest in the cryptocurrency market, North Korean hackers are intensifying their illicit activities, specifically targeting exchanges like Coinbase. CEO Brian Armstrong revealed that the company has had to adapt its policies significantly to counteract these threats from North Korea. Coinbase CEO Warns Of North Korean IT Workers […]
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The Department of Justice has indicted three hackers affiliated with the infamous Lazarus Group. On Wednesday, the U.S. Department of Justice announced charges against three North Korean operatives. Making the announcement, Assistant Attorney General John C. Demers condemned the North Korean program, the most famous branch of which is Lazarus Group. Demers said:"North Korea’s operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency instead of sacks of cash, are the world’s leading bank robbers."With a country largely sequestered from the international....
Some things in life money can't buy, but for everything else there's Bitcoin. Not too long ago you could only spend your bitcoins at a few marketplaces, now you can buy houses, cars, even your citizenship to St. Kitts and a passport to go along with it. PassportsForBitcoin.com now lets you buy your citizenship to St. Kitts completely with Bitcoin and you don't even have to live there. International Investments & Consulting Limited, the company behind the site note the many benefits of having St. Kitts citizenship: Visa-free travel to 140 countries including Canada, the European Union, and....
The U.S. Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group. The hackers are allegedly responsible for stealing over $1.3 billion in cryptocurrencies and fiat during coordinated cyber-heists. North Korean Hackers Also Developed and Deployed Malicious Crypto Apps According to the announcement, law enforcement expanded charges to Park Jin Hyok, a North Korean military hacker, from his involvement in hacking Sony in 2018, deploying Wannacry ransomware attacks, and other financial cyber thefts. Moreover, the new indictment unsealed mentioned....
But the threats by North Korea extend to the cyberspace department as well. South Korean officials claim the North has “an effective cyber army”, which has been responsible for various attacks over the past few years. The war between North Korea and South Korea is still going on behind the scenes to this very day. A new report surfaced as to how North Korean hackers stole data of over 10 million South Korean shoppers. While these claims have yet to be proven, the police are investigating the data breach. Once again, this is a clear example of how more secure solutions are needed to....
On April 18, the Federal Bureau of Investigation (FBI), the U.S. Treasury Department, and the Cybersecurity and Infrastructure Security Agency (CISA) published a Cybersecurity Advisory (CSA) report concerning malicious North Korean state-sponsored cryptocurrency activity. According to the U.S. government, law enforcement officials have observed North Korean cyber actors targeting specific blockchain companies in the industry. FBI Alleges North Korean Hacking Activity Is on the Rise, Report Highlights Lazarus Group’s Activities The FBI, alongside a number of U.S. agencies, published....