Hackers carried out a record-breaking 20 attacks, the highest since 2016.
$428.8 million was stolen from DeFi platforms, marking a decrease from previous years.
A
recent report has unveiled a concerning surge in cyber-attacks orchestrated by
North Korea-linked hackers, indicating a growing trend in the targeting of
cryptocurrency assets. The analysis firm's findings revealed that in 2023,
these hackers conducted a staggering 20 attacks, marking the highest number
recorded since such record-keeping began in 2016.
North
Korean Cyber Threats Intensify: Kimsuky and Lazarus Group on the Radar
While
the total value of stolen cryptocurrency witnessed a drop from the previous
year, decreasing from $1.7 billion in 2022 to slightly over $1.0 billion in
2023, as reported by Chainalysis. The rise in the number of hacking incidents
raises alarms within the cybersecurity community. The report highlights the
persistent threat posed by North Korean cyber-espionage groups, including
Kimsuky and Lazarus Group, who employ various malicious tactics to accumulate
substantial amounts of crypto assets.
The
breakdown of the stolen funds indicates that North Korea-linked hackers
targeted various sectors within the cryptocurrency ecosystem. In 2023,
approximately $428.8 million was stolen from decentralized finance (DeFi)
platforms, reflecting a notable decrease in comparison to previous years.
Despite this drop, the overall number of hacking incidents targeting DeFi
protocols remained a cause for concern.
Centralized
services were not immune to the onslaught, with hackers making off with $150.0
million, while exchanges and wallet providers experienced losses of $330.9
million and $127 million, respectively. This diversification of targets
underscores the adaptability and evolving strategies employed by North Korean
hackers to exploit vulnerabilities across the cryptocurrency landscape.
Cybersecurity
Alert: Surge in 2023 Hacking Incidents Sparks Vigilance Call
The
report emphasizes that the surge in the number of hacking incidents in 2023 is
a cause for heightened vigilance, even though the total value of stolen cryptocurrency
decreased. The cybersecurity community is urged to remain proactive in
developing countermeasures to protect against the persistent and evolving
threats posed by North
Korea-linked hacking groups.
As
governments, organizations, and individuals continue to navigate the complex
landscape of cybersecurity, the need for collaborative efforts and robust
defense mechanisms becomes increasingly paramount to safeguard the integrity of
the cryptocurrency ecosystem.
A
recent report has unveiled a concerning surge in cyber-attacks orchestrated by
North Korea-linked hackers, indicating a growing trend in the targeting of
cryptocurrency assets. The analysis firm's findings revealed that in 2023,
these hackers conducted a staggering 20 attacks, marking the highest number
recorded since such record-keeping began in 2016.
North
Korean Cyber Threats Intensify: Kimsuky and Lazarus Group on the Radar
While
the total value of stolen cryptocurrency witnessed a drop from the previous
year, decreasing from $1.7 billion in 2022 to slightly over $1.0 billion in
2023, as reported by Chainalysis. The rise in the number of hacking incidents
raises alarms within the cybersecurity community. The report highlights the
persistent threat posed by North Korean cyber-espionage groups, including
Kimsuky and Lazarus Group, who employ various malicious tactics to accumulate
substantial amounts of crypto assets.
The
breakdown of the stolen funds indicates that North Korea-linked hackers
targeted various sectors within the cryptocurrency ecosystem. In 2023,
approximately $428.8 million was stolen from decentralized finance (DeFi)
platforms, reflecting a notable decrease in comparison to previous years.
Despite this drop, the overall number of hacking incidents targeting DeFi
protocols remained a cause for concern.
Centralized
services were not immune to the onslaught, with hackers making off with $150.0
million, while exchanges and wallet providers experienced losses of $330.9
million and $127 million, respectively. This diversification of targets
underscores the adaptability and evolving strategies employed by North Korean
hackers to exploit vulnerabilities across the cryptocurrency landscape.
Cybersecurity
Alert: Surge in 2023 Hacking Incidents Sparks Vigilance Call
The
report emphasizes that the surge in the number of hacking incidents in 2023 is
a cause for heightened vigilance, even though the total value of stolen cryptocurrency
decreased. The cybersecurity community is urged to remain proactive in
developing countermeasures to protect against the persistent and evolving
threats posed by North
Korea-linked hacking groups.
As
governments, organizations, and individuals continue to navigate the complex
landscape of cybersecurity, the need for collaborative efforts and robust
defense mechanisms becomes increasingly paramount to safeguard the integrity of
the cryptocurrency ecosystem.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!