North Korea's Army of Hackers Targets Bitcoin Exchanges and Brokers

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is increasingly seen as a tool in the arsenal of state actors conducting cyber warfare. Last month it was speculated that a ‘cyber war’ between Russia and Ukraine was the underlying cause of the massive Bitcoin ransomware attack which affected banks and energy companies, among others.

Now a new report is pointing to North Korea as a growing source of cyber attacks, this time targeting the cryptocurrency ecosystem itself in an effort to simply steal funds. This perhaps might help explain why the U.S. sees the hacking of Bitcoin exchanges outside its jurisdiction as a national security threat worthy of employing investigators from the Secret Service, Homeland Security and FBI.

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According to a recent report by Cybersecurity Cybersecurity Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Read this Term firm FireEye, North Korean defectors have described a burgeoning cyber-warfare department of 3,000 personnel, largely trained in China and Russia. They stressed that North Korea has a growing fascination with cyber attacks as a cost-effective way to compete against its conventionally superior foes.

Regarding Bitcoin, FireEye said: "Actors are targeting virtual currency service providers such as exchanges and brokerage services based in South Korea. It is not yet clear how North Korean actors are leveraging virtual currencies, although targeting of these services demonstrates definite interest."

Back in June we reported that NBA Hall-of-Famer Dennis Rodman went on a peace mission to North Korea sponsored by the community-based cryptocurrency for legalized marijuana – PotCoin. Let's hope Rodman can next turn to convincing Kim Jong Un to stop hacking after peace is achieved.