APT Hacking Group Lazarus Engaged In Cryptocurrency Heist Campaigns

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • A North Korean hacking group Lazarus is allegedly raising its effort to steal cryptocurrency during the country’s economic difficulties.
  • A press release revealed that the adaptive persistent threats (APT) hacking group Lazarus is reportedly backed by a certain government
  • The report says that these attacks utilize the “spear-phishing” technique. The technique in which the hacker attracts victims using information related to their interests.

A North Korean hacking group Lazarus is allegedly raising its effort to steal cryptocurrency coins during the country’s economic difficulties. These troubles are due to the coronavirus crisis and economic barriers in the country.

Lazarus attacks on people who have traded in cryptocurrencies

A press release revealed that an adaptive persistent threat (APT) hacking group Lazarus is reportedly backed by a certain government. This group is gradually involving in cybercrime activities inside and outside of South Korea.

However, Lazarus is also infamous for the 2014 Sony Pictures hack and 2016 Bangladesh Bank cyber theft.

Further, the press release describes that the hackers attack those people who have traded in cryptocurrencies like Bitcoin and who work in the cryptocurrency field.

The press release further noted that these attacks could result in financial damages. Besides this, the group is carrying out APT attacks not only in South Korea but are capturing the global market.

The hackers are using the spear-phishing method

These attacks use malicious emails that describe companies that offer electronic payment services.

The report says that these attacks utilize the “spear-phishing” technique. The technique in which the hacker attracts victims using information related to their interests.

Lazarous is prioritizing cryptocurrency heist campaigns currently. The group is also focusing on crypto exchanges that are more vulnerable to hacks than conventional financial institutions.

On the other side, the security experts are emphasizing that multiple steps should be taken against North Korean cyberattacks.

The head of the ESTsecurity Security Response Center (ESRC), Mun Chong Hyun stated that it is necessary to study these APT organizations and must take countermeasures against them.

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