National Security Agency, says anĮstimated 7,000 people within the North Korean government are dedicated full-time hackers. Rachel Wilson, head of cybersecurity for Morgan Stanley Wealth Management and former counter terrorism expert at the U.S. Over the years, North Koreans have proven themselves to be adept and wily cyberfraudsters. Department of Justice (DOJ), press release, Feb. [See “ Three North Korean Military Hackers Indicted in Wide-Ranging Scheme to Commit Cyberattacks and Financial Crimes Across the Globe,” Involved in cyberattacks on the entertainment industry, virtual heists of emerging-market banks using fraudulent SWIFT messages (the international banking networking system Society for Worldwide Interbank Financial Telecommunications), cyber-enabledĪTM cash-out thefts, pilfering tens of millions of dollars of cryptocurrency and more. Heists in history: North Korea,” by Will Daniel, Fortune, Apand “ Axie Infinity’s blockchain was reportedly hacked via a fake LinkedIn job offer,” by Adi Robertson, The Verge,īut that isn’t the only trick that Lazarus and other North Korean military hackers have up their sleeves in a sophisticated multiyear spree of cyberfraud that the Hermit Kingdom is suspected to be using to fund its missile program. (See “ Now we know who’s behind one of the largest crypto Lazarus has been tied to several such scams, and just this year it impersonated military contractor Lockheed Martin to lure job applicants to click on malicious links.
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Posing as a company that offered high-paying posts for engineers, the criminal gang enticed one candidate to click on a PDF that initiated an infection chain that opened How did it find its way into the Ronin network? Simple. To date in the decentralized finance (DeFi) space and the second biggest crypto theft of all time. When the Lazarus Group, a North Korean state-controlled hacking group, stole up to $625 million of digital tokens earlier this year from the Ronin network that supports Axie Infinity, a popular play-to-earn game, it marked the largest cyberattack
Latest technology and what they need to know to stop them.
Here’s what fraud examiners can learn from the authoritarian regime’s tricks to exploit the North Korean state-sponsored cyberfraudsters are attracting increasing attention and, so far, have been outsmarting the government authorities pursuing them.
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