North Korean hackers are posing as venture capital firms to steal crypto | Business Insider

"When you're talking about billions of dollars and North Korea, you're talking about a country with essentially no GDP, so they've essentially created an economy laundering cryptocurrency and we know those funds aren't going to fund a lifestyle," Redbord told Insider."They'll be used for nuclear proliferation or ballistic missile systems. In 2022, these hacks moved from being a law enforcement issue to being a national security issue.

In his view, 2022 was the year of the hack. While FTX's crash and the so-called crypto winter dominated headlines, more pressing has been the crypto businesses getting attacked at an"alarming speed and scale." Over recent months, hackers have impersonated job recruiters and targeted specific individuals who had access to private keys. They've also used initial token offerings and social media to launch attacks, Redbord added.

He said North Korean crypto hackers seek out two key characteristics in targets: a high volume of liquidity and vulnerable cyberdefenses. Because of the nascent nature of the space, crypto companies exemplify both. "The tactics North Korea are engaging in are becoming more sophisticated," Redbord said."There's a sense out there that 'phishing' means casting a wide net, but the reality is these are extremely targeted, highly sophisticated activities."

BISouthAfrica This lot are the most horrible of humans ! And it’s so sad that their people have to live in fear and poverty in the name of communism what a load of Bs! This is not communism but a vile dictator ship ! Do people actually know what communism is ? I don’t think

BISouthAfrica They hv bn running lots of pump and dumps

BISouthAfrica Kaspersky literally schooled by KGB. Pinch of salt.

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