Hack report: “North Korea Hack group Lazarus stole $ 571 million crypto”

A report shows that North Korea’s Lazarus hack group managed to steal more than half a billion dollars worth of crypto coins.

The annual report from the cyber security company Group-IB says Lazarus is behind 14 cyber attacks on crypto exchanges since January 2017. And $ 571 million in damages occurred, he said.

News, South Korean officials said in February, North Korean hackers in 2017, the money in the crypto money stole tens of millions of dollars, he says.

Lazarus behind the Coincheck attack?

The country’s National Intelligence Service, phishing scams and other criminal methods and customer funds were stolen tens of billions of won. Authorities are investigating whether the same hackers are behind the $ 500 million Coincheck attack – even if Lazerus is not specifically mentioned.

Group-IB also stressed that from 2017 to 2018, $ 882 million worth of crypto money was stolen from the crypto money exchanges.

The security provider estimates that the number of attacks targeting crypto exchanges will increase further. And the more traditional financial institutions, such as banks, claim that the pirates will be looking for huge gains.

The report also examines the methods used by hackers to attack attacks, saying hackers are the most common means of illegal trade of phishing, social engineering and malware.

Attachments by email appear to be the main source of attacks

The TNW report stated that the fraud method, which targets individuals or organizations with malicious software sent via e-mail attachment, is usually the main source of attacks in corporate networks.

Regarding the issue, we continued:

After successfully capturing the local network, hackers can browse the local network to find workstations and servers that work with special crypto-money purses.

Hackers target ICO projects

In addition, Group-IB says that since the beginning of 2017, hackers have used 10 percent of the ICO platforms as the most common method of attack.

According to Group-IB, investors investing in high-shelf investments do not pay enough attention to their security. so they are in a hurry to participate in the sale without having to check if the sites they have entered are fake. For example, as reported in March, the large ICO launched by Telegram found such counterfeit investment sites.

Group-IB also noted that mining pools can prove to be an attractive target for hackers, saying that bad players can use 51 percent attacks to capture networks as in this year’s crypto projects.

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