North Korea to Hold Second Blockchain and Cryptocurrency Conference in February 2020

North Korea to Hold Second Blockchain and Cryptocurrency Conference in February 2020

North Korea to hold its 2nd Pyongyang Blockchain and Cryptocurrency Conference in February 2020 as part of a week-long tour, event organizers from the Korean Friendship Association (KFA) have said. After the first Pyongyang Blockchain and Cryptocurrency Conference organized last year (and ultimately occurred in April 2019), this might be the second time when industry experts and visionaries from the globe will meet in the Capital of North Korea. The second blockchain and cryptocurrency event…

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North Korea Vehemently Rebuts Gathering $2 Billion via Crypto Attacks

North Korea Vehemently Rebuts Gathering $2 Billion via Crypto Attacks

North Korea has denied allegations of theft of $2 billion as cited in the United Nations Security Council North Korea sanctions committee. The report claimed that North Korea was using cyber attacks on crypto exchanges and banks to hoard money for its program to produce weapons of mass destruction (WMD). The report says that a total of two billion dollars have been stolen using sophisticated and widespread hacks from across financial institutions around the world….

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Confidential UN Report: North Korea Stole $2 Billion from Banks and Crypto Exchanges

Confidential UN Report: North Korea Stole $2 Billion from Banks and Crypto Exchanges

The government of North Korea has managed to swipe $2 billion from cyberattacks on international financial and crypto organizations, and spent that money on its nuclear program. The news came from a classified UN report prepared by an independent team of experts who presented it last week to the United Nations Security Council’s North Korea Sanctions Committee. The report suggests that the North Korean government spent a large amount of money in support of its…

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New Data Suggests Russian Hackers were Behind Coincheck $530M Crypto Hack

New Data Suggests Russian Hackers were Behind Coincheck $530M Crypto Hack

It’s now thought that Russians were behind one of the biggest crypto heists in history, the crypto exchange Coincheck Inc heist. In January 2018, hackers broke into Coincheck, a popular cryptocurrency exchange, and made off with over $500 million in digital tokens. At the time, Coincheck didn’t reveal any details about how their system was breached, other than to say that it wasn’t an inside job. When asked how such a substantial amount of digital…

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Defense Think Tank: South Asia’s Vulnerable Crypto Sector Is a Sitting Duck for North Korea

Defense Think Tank: South Asia’s Vulnerable Crypto Sector Is a Sitting Duck for North Korea

A new research paper titled “Closing the Crypto Gap: Guidance for Countering North Korean Cryptocurrency Activity in Southeast Asia,” published by the Royal United Services Institute for Defence and Security Studies (RUSI) claims that North Korea is a big threat to the South Asian crypto sector. The North Korean state has long been accused of sponsoring and supporting attacks on the crypto sector, stealing millions of dollars and hurting the community at large. The new…

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Kaspersky Lab: Lazarus Group May be Targeting More Crypto Firms

Kaspersky Lab: Lazarus Group May be Targeting More Crypto Firms

Cybercrime is a longstanding criminal attack that has been plaguing several organizations, institutions, and government agencies across the globe. Tons of cash has been dedicated to fighting off this societal menace eating deep into the global economy. Alas, as more technologies and solutions are being deployed into this fight, the modes and types of cybercrime keep evolving and/or adapting to the changes. Due to this singular factor, fighting off the bad guys seems rather impossible…

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Experts: Ryuk Ransomware was launched by Russian Cybercriminals, not North Korean Hackers

Experts: Ryuk Ransomware was launched by Russian Cybercriminals, not North Korean Hackers

One of the largest media groups based in the United States was a victim of a cyber attack called Ryuk ransomware during the just-concluded Holidays. The attack was attributed to North Korean state hackers because of the 2017 Hermes ransomware attack they conducted as part of a hacking operation in Taiwan. The recent Ryuk ransomware contained some traces of the Hermes ransomware, and as such, it was safe to conclude that the attack was from…

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Experts: North Korea May Try to Steal Bitcoin from Private Individuals

Experts: North Korea May Try to Steal Bitcoin from Private Individuals

Cryptocurrency experts and analysts are warning users to beware of the North Korean hackers trying to steal their Bitcoins. As North Korea faces strict sanctions against its economy due to its illicit nuclear weapons program, the regime has turned its eyes from cryptocurrency exchanges to the average wallet holders. Cryptocurrencies have always made the average user a potential target because of lack of accountability and oversight of digital currencies. This new development is just another…

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Report: North Korea Deepens Involvement in Cryptocurrency Scams this Year

Report: North Korea Deepens Involvement in Cryptocurrency Scams this Year

Over the last 18 months, the internet technology company Recorded Future has released details of a number of reports into North Korea’s use of the Internet. There is evidence to show that North Korea’s leaders are technologically savvy and engage with emerging and cutting-edge technologies such as cryptocurrency. Key Findings of the 18-month look into North Korea’s Internet Habits One major goal of internet usage among North Korea’s ruling elite is to create revenue for…

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North Korean Hacker Crew Lazarus Steals $571M in Cryptocurrency across 5 Attacks

North Korean Hacker Crew Lazarus Steals $571M in Cryptocurrency across 5 Attacks

The North Korean hacking group, named Lazarus, is now the most profitable cryptocurrency hacker syndicate globally, stealing $571 million worth of cryptocurrency since 2017. Cybersecurity company Group-IB has released a summary of their annual report on trends in hi-tech cybercrime. Group-IB is one of the global leaders in providing high fidelity threat intelligence and anti-fraud solutions and has been active in computer forensics and information security since 2003. The summary of “Successful Attacks on Crypto…

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