North Korean hackers stole nearly $400 million worth of cryptocurrency in 2021, making it one of the most lucrative years to date for cybercriminals in the severely isolated country, according to a new report.
Hackers launched at least seven different attacks last year, primarily targeting investment firms and centralized exchanges with a variety of tactics, including phishing, malware and social engineering, according to the report from Chainalysis, a firm that tracks cryptocurrency. The cybercriminals worked to gain access to organizations'"hot" wallets — digital wallets that are connected to the internet — and then move funds into DPRK-controlled accounts.
" said Nick Carlsen, analyst at blockchain intelligence firm TRM Labs."As a result they have taken to the digital battlefield to steal crypto in, essentially, [a] bank robbery at the speed of the internet, to fund weapons programs, nuclear proliferation and other destabilizing activities."Read MoreThe North Korean hacking efforts have benefited from the surging value of cryptocurrencies.
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