Hackers Tracked to North Korea
In reports produced by the Japanese government, a significant amount of phishing hacks have been traced back to a group known as ‘Lazarus,’ located in North Korea.
A joint public advisory statement sent out by Japan’s Financial Services Agency (FSA) and the National Police Agency (NPA) warns various crypto businesses to keep vigilant of these potential attacks. The attack works by attempting to impersonate people in key positions or partners to gain assets by baiting employees.
The statement read:
“This cyber attack group sends phishing emails to employees impersonating executives of the target company […] through social networking sites with false accounts, pretending to conduct business transactions […] The cyber-attack group [then] uses the malware as a foothold to gain access to the victim’s network.”
The NPA confirmed several hacks had already taken place against Japanese crypto fund management firms but did not give details as to which.
The group is believed to be an arm of the North Korean Reconnaissance General Bureau, a government-run organization for the gathering of foreign intelligence, which has also been accused of being the perpetrators of the $600 million Ronin Bridge hack earlier this year.
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