Cyber attacks net North Korea millions in virtual currencies, say researchers - News Summed Up

Cyber attacks net North Korea millions in virtual currencies, say researchers


North Korea has reject­ed accusa­tions that it has been involv­ed in hackin­gSEOUL, SOUTH KOREA: A series of recent cyber attacks has netted North Korean hackers millions of dollars in virtual currencies like bitcoin, with more attacks expected as international sanctions drive the country to seek new sources of cash, researchers say. North Korea has rejected accusations that it has been involved in hacking. Malicious code used in attacks over the summer was “virtually identical” to previous attacks connected to North Korea, he said. North Korean hackers behind attacks on cryptocurrency exchanges, South Korean newspaper reportsOther researchers said the attackers had impersonated other official bodies. “North Korean cyber threat actors present an immediate risk to the financial services sector worldwide.”Read full story


Source: The Express Tribune December 19, 2017 10:31 UTC



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