In the latest cryptocurrency news, we have the CEO of one cybersecurity firm named Cuvepia, declaring that his company detected more than 30 attacks on crypto-bearing individuals that were probably carried out by North Korean hackers.
The reports were first seen in the South China Morning Post. The CEO of the aforementioned South Korean cybersecurity company, Kwon Seok-Chul, said that the new targets of the suspected North Korean hackers “are just simple wallets with Bitcoin and altcoins and users investing in cryptocurrency.”
This comment went viral, especially because Kwon added that to date, many cases haven’t been detected and that there may have been well over 100 attacks. As we reported previously on our site, North Korea allegedly backed two cryptocurrency scams this year including hacks funded by the country which comprise of 65% of all cryptocurrency stolen to date.
Simon Choi, a founder of one cyber warfare research company named IssueMakersLab also commented on this case and said that there is really a shift towards hacking individuals rather than exchanges. As he said:
“Direct attacks on exchanges have become harder, so hackers are thinking about alternatively going after individual users with weak security.”
Choi also noted that most targets have been wealthy South Koreans. The hackers, according to him, “believe that if they target CEOs of wealthy firms and heads of organisations, they can take advantage of billions of won in virtual currencies.”
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