Southeast Asia’s Cryptocurrency Sector could be targeted by North Korea

[vlweb3d]

North Korea is well known for being one of the most secretive and reclusive countries in the world. For years, it has been under heavy sanctions from the United Nations, the United States and other countries over its nuclear program. It has also been accused of using cyber warfare in order to gain funds to sustain its nuclear program.

RUSI (the Royal United Services Institute) is the world’s oldest independent think tank on international defence and security. The organization recently stated that North Korea has shown an increasing interest in virtual assets, as sanctions are getting harder to circumvent. RUSI cited North Korean hackers for the alleged hijacking of crypto exchanges in South Korea as well as the “WannaCry” global ransomware attack that infected many computers around the world in 2017.

David Carlisle, a former official at the U.S. Treasury department’s office of terrorism and financial intelligence, along with Kayla Izenman, a financial crime and terrorist finance expert, stated the following in their report, “Closing the Gap: Guidance for Countering North Korean Cryptocurrency Activity in Southeast Asia”:

“North Korea has gone to extremes to raise funds and evade international sanctions, recently expanding these efforts to include the exploitation of cryptocurrencies such as Bitcoin.”

“As a determined and sophisticated cyber actor in need of financial resources, North Korea is likely to continue to find ways of obtaining and exploiting cryptocurrencies.”

[Rembang]

it is true that a lot of allegations were handed over to North Korea, but North Korea was also a strong and independent country.

[masterrex]

North Korea is well known for being one of the most secretive and reclusive countries in the world. For years, it has been under heavy sanctions from the United Nations, the United States and other countries over its nuclear program. It has also been accused of using cyber warfare in order to gain funds to sustain its nuclear program.

RUSI (the Royal United Services Institute) is the world’s oldest independent think tank on international defence and security. The organization recently stated that North Korea has shown an increasing interest in virtual assets, as sanctions are getting harder to circumvent. RUSI cited North Korean hackers for the alleged hijacking of crypto exchanges in South Korea as well as the “WannaCry” global ransomware attack that infected many computers around the world in 2017.

David Carlisle, a former official at the U.S. Treasury department’s office of terrorism and financial intelligence, along with Kayla Izenman, a financial crime and terrorist finance expert, stated the following in their report, “Closing the Gap: Guidance for Countering North Korean Cryptocurrency Activity in Southeast Asia”:

“North Korea has gone to extremes to raise funds and evade international sanctions, recently expanding these efforts to include the exploitation of cryptocurrencies such as Bitcoin.”

“As a determined and sophisticated cyber actor in need of financial resources, North Korea is likely to continue to find ways of obtaining and exploiting cryptocurrencies.”

You know its hard to believe it in particular notion, Yes indeed that North Korea has some experties of cyber warfare But it cant do that attacked simultineously. But on the other side of a coin, its a kind of challenge to cyber security entities to make a more secure and reliable internet security service.