North Korea-linked hackers stole at least $600 million worth of cryptocurrencies worldwide in 2023, according to a new report. reported Information security experts from TRM Laboratories. Experts believe that after investigating the events that took place in the last days of last year, the amount of damage may increase to 700 million dollars.
Although overall losses have decreased by 30% from $850 million in 2022, the Democratic People’s Republic of Korea (DPRK) is still responsible for almost a third of cyber incidents where cryptocurrency is stolen. Hacking by North Korean hackers was, on average, ten times more destructive than hacking attacks not associated with the country.
The TRM Labs report stated that “Since 2017, attackers linked to Pyongyang have seized approximately $3 billion worth of cryptocurrencies.”
The company sees hacker attacks as the most important mechanism for generating revenue for North Korea, which is subject to sanctions. The stolen money is used to finance a program to create weapons of mass destruction and ballistic missiles.
In attacks, North Korean hackers use social engineering to lure targets. Attacks often aim to compromise private keys and key phrases used to secure digital wallets.
Hackers before sent 5 terabytes of Russian data into the network.
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Source: Gazeta
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