Expect More North Korean Crypto Hacking

Expect More North Korean Crypto Hacking

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Chris
Chris

An editor at Coincrop


09 Jan 2023 | 3 min read
9,087 views

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ccording to one highly regarded security provider, North Korean crypto hacking is expected to experience a dramatic increase in 2023. With the malicious activities of these cybercriminals ramping up, it's more important than ever for businesses and individuals alike to implement strict cybersecurity protocols now before they become victims of this looming surge in attacks.

Money S, a South Korean news source, announced that Panda Security - a Spanish cybersecurity company - anticipates an uptick in malicious activities and attempts to acquire digital assets during the approaching year.

North Korean hackers are poised to take advantage of the revived enthusiasm for cryptocurrencies as markets recuperate from crypto winter, according to Panda Security. In addition, major cryptocurrency exchanges may be targeted in 2023 and users could incur potential harm due to these attacks.

The supplier declared that North Korea would shift its attention to illicit cyber operations in 2023, specifically targeting the cryptocurrency market as a way to generate additional funds.

The news source recently reported that cryptocurrencies have become a significant channel for North Korea to gather resources and continue its nuclear program development. Furthermore, the illicit trading of digital assets has allowed the regime to launch 70 ballistic missiles on 33 separate occasions in 2022 alone – demonstrating their resilience against financial sanctions placed upon them by international bodies.


Chris

Chris

An editor at Coincrop
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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.


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