North Korea Targeting Japanese Crypto Exchanges
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Also, the Cryptocurrency industry is gaining so much fame that it is the target of many cybercriminals. If any exchange gets hacked, the accounts of all users are threatened. The Japanese Cryptocurrency exchanges are facing similar threats from cybercriminals in North Korea. These hackers seem to have had an eye on the Japanese exchanges for quite a long time now.
Reports On This Aspect
Japan News provides a report on this matter, which includes information from the nation’s NPA. Different Cryptocurrency exchanges in the country have been experiencing similar kinds of cyber attacks from time to time. These attacks are being carried out by Lazarus Group, known for its cyber crimes.
The agency believes that this group is controlled and monitored by the authorities of North Korea or the government of this nation. These facts reflect that this nation is after hacking the Cryptocurrency exchanges in Japan. All these cyber attacks will distort the market of digital assets in Japan.
The attack was carried out using phishing emails. When the employees of all the victim firms opened these emails, the devices were affected by the virus. The hacker group sent these emails and got access to the firm’s computers.
Later, NPA and the local police carried out an investigation. This inquiry revealed that Lazarus Group was the culprit behind this entire situation. This group was behind all the cyber attacks on these firms!
More On These Attacks
North Korean hacker groups like Lazarus have long targeted Japanese Cryptocurrency exchanges. While recent cyber attacks took place, NPA made the details related to them accessible to the public. With this step, they want to create awareness among the public about cyber attacks.
Another report by U.Today states that this hacker group’s main target is Southeast Asia’s growing Crypto industry. They want to create disturbances in this market and gain access to it. Lazarus committed most of the most significant cyber crimes this year. Some of the primary attacks of this group include the Ronin heist and others.
These hackers depend on Tornado Cash Mixer to gather funds, so the U.S. government banned Crypto Tumbler.
Types Of Cryptocurrency Attacks
As the crypto industry remains unregulated, there is a high cyber-attack risk! It has gone through these attacks over time.
Some of the most common forms of Cyber attacks on Crypto firms are –
Phishing:
Here, the hackers try to access the platforms by stealing Aaj’s login details. They do this using fake emails.
Social Engineering:
This allows firms or individuals to fall for their tricks and transfer a large number of tokens, which are then deposited in the digital wallets of these hackers.
Exchange Hacks:
These are external hacks that are applied to Cryptocurrency exchanges. The hackers take advantage of the weaknesses or defects of these exchanges.
51% Vulnerabilities:
These hackers access over half the Blockchain’s hashing power in this attack. With this, they can perform reverse transactions and similar other activities. This attack is also called a majority attack at times!
Conclusion
Cyberattacks are becoming more common these days. With cryptocurrency gaining much attention worldwide, hackers also follow this market well. It becomes even more accessible to hack these unregulated Crypto firms at times.
The hackers from North Korea are after the Crypto firms of Japan and the entire Southeastern Crypto market. As the market is flourishing in this region, they want to gain access to similar assets and make some good profits.
