Hackers From North Korea Pretend to Be Venture Capitalists To Loot Digital Assets – Security Firm
Per an industry security report, a notorious group of hackers from North Korea called BlueNorOff are impersonating investment firms to steal cryptocurrencies. The security firm Kaspersky revealed that the BlueNorOff group had created multiple false domains to imitate those of a legit banking firm and venture capital.
The Kaspersky report read, “the malicious actors normally create fake domains, including cloud-hosting services, to host corrupted documents.” Furthermore, the security firm states that the hackers usually imitate most Japan-based firms such as ANOBAKA, ABF Capital, Beyond Next Ventures, Mitsubishi UFJ Financial Group, Mitsui Banking Corporation, and Z Ventur.
This may imply that BlueNorOff’s focus is the Japanese financial market. The Kaspersky report added, “Most target companies of the malicious actors are Japanese, which indicates that the actors have a specific interest in the Japan market.”
Additionally, the security firm states that one of the victims of the hackers is a significant funding company situated in UAE (United Arab Emirates). The firm says the infected file was Japanese, meaning the target could read Japanese.
The security firm’s report closed with, “Having a closer look at the domain names and trap document, we assumed that companies in Japan are the group’s main target. We saw how the BlueNorOff overrode a VC company based in Japan.”
North Korea-Based Hackers Continuously Abuse Digital Assets
North Korea is the only nation to list financial cybercrime as illegal. However, Cybercrime in North Korea is hydra-headed.
The offenders use techniques for bank heists and crypto theft from exchanges. Many use sophisticated tools to perforate the global government, military, defense industry, and military networks.
These bad actors once fooled people into providing access to North Korea-controlled wallets, which they hacked to drain funds. Due to the strictness of laws in the country, hackers have doubled down on the pro software tools they use to accomplish their mission.
Also, they have become more elaborate in their ways. North Korea’s continuous hacking attack is on the rise, and they have stolen more than a billion dollars since the previous bull market.
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