However, the most unique aspect of North Korean hacking is its focus on targeting financial institutions, a likely result of sustained U.S. and U.N. economic sanctions on the country. For 2022, recent analysis and developments in North Korean hacking suggest that Pyongyang will expand its cyber operations with increased focus in the following areas: phishing campaigns, ransomware attacks, foreign OTC brokers, and decentralized finance (DeFi) platforms. AdvertisementMore Foreign OTC Brokers, But Perhaps Less China? However, North Korea may have to look elsewhere for OTC brokers as Beijing continues to crackdown on cryptocurrency exchanges, such as outlawing crypto trading and mining. Given that the Lazarus Group may have preexisting ties with Eastern European cybercrime groups, North Korea may look farther west than usual for assistance in its illicit cyber operations.

Source: The North Africa Journal December 22, 2021 06:00 UTC