2 years ago
Between 2017 and 2022, hacking groups affiliated with North Korea are thought to person stolen crypto assets worthy $721 cardinal from Japan alone. According to the findings of a survey by Elliptic, hackers were chiefly focused connected Japan and Vietnam due to the fact that operators from the 2 countries had lax information systems.
Japan Losses Equivalent to 30% of the Global Total
According to the findings of a survey conducted by the blockchain quality steadfast Elliptic, North Korea coordinated cyber attacks targeting Japanese crypto assets netted $721 cardinal worthy of integer assets betwixt 2022 and 2017. This fig is equivalent to 30% of full planetary losses that person been attributed to North Korea-affiliated hacker groups.
As per the report successful Nikkei Asia, which commissioned the study, the worth of crypto assets stolen from Japan unsocial is 8.8 times much than North Korea’s 2021 export figure. While the cyber attackers are thought to person targeted respective countries, the Nikkei study suggested that Japan and Vietnam were particularly targeted due to the fact that of their rapidly increasing crypto markets.
Hackers are besides thought to person zeroed successful connected the 2 countries due to the fact that operators determination utilized lax information systems. One of the targeted operators oregon crypto speech platforms, Zaif, which mislaid $51.4 cardinal (7 cardinal yen) successful 2018, has since unopen down.
Crypto Exchanges Primary Targets
North Korea, which is nether U.S. and United Nations sanctions, has struggled to unafraid the overseas currency that it needs. To compensate for this, hacker groups affiliated with Pyongyang including the Lazarus Group person been handed the task of stealing crypto assets for North Korea. To execute this, the hacker groups person utilized 2 types of cyber attacks; hacking and ransomware.
However, according to the report, North Korea-affiliated cybercriminals person chiefly utilized hacking due to the fact that these methods alteration Pyongyang to “bring successful a immense haul of crypto assets” from conscionable 1 targeted crypto exchange. The hacking besides enables North Korea, which is reeling from the effects of sanctions, to rise overseas currency.
Besides Japan, the aforesaid hacker groups are said to person targeted the United States and different Asia countries similar Hong Kong. As noted successful the report, the hacker groups are believed to person stolen $497 cardinal from the United States and $281 cardinal from Hong Kong.
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