US sanctions is perhaps the prime factor that incentivized North Korea to launch the Cyberattacks involving cryptocurrencies as well, reveals the FBI

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Zaryab Afser
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While the crypto is upgrading itself with every passing day, thus making less vulnerable to cyberattacks there are still some factors that remain terribly unchecked.

This can be stated quite boldly because of the recent revelation that came from an FBI official. While speaking at a U.S thinktank called The Aspen Institute’s organized event, it was revealed by an FBI official that the financial strain had actually driven North Korean actors to cybercrime.

Deputy Assistant of the FBI’s cyber division, Tonya Ugoretz revealed that the United States sanctions incentivized North Korea to launch cyber attacks involving cryptocurrency. Soon after it was spoken, the news was quoted by Korea Herald, South Korean English-language news outlet on 30th of May.

During his speech, Tonya also said:

“Sanctions are having an economic impact, so cyber operations are a means to make money, whether it’s through cryptocurrency mining or bank theft.”

Moreover as per the Cointelegraph report, the prime behind enormous major campaigns which also involve cryptocurrency ransomware as well as theft in recent years is supposed to be Pyongyang.

However the director of the Cyber Threat Intelligence Integration Center under the U.S. Director of National Intelligence, Erin Joe believes that the FBI was primarily focusing on discouraging the crypto attacks only.

He further said revealed his own views about the matter by saying:

“There is a huge effort in the FBI, and also several other entities across government, looking at ways to stop malicious activity (surrounding) cryptocurrency.”

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