United

Bitcoin

Security

Read

<div class="cryptonews"> 
 <p class="is-style-lead">South Korea is getting ready to upgrade its <a rel="noopener noreferrer nofollow" title="cyber" href="https://thebittimes.com/tag/cyber.html">cyber</a>security to stop North Korean <a rel="noopener noreferrer nofollow" title="cyber" href="https://thebittimes.com/tag/cyber.html">cyber</a>attacks, especially those involving <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies.</p> 
 <p>Local reports indicate that high-ranking government officials view crypto as a crucial facilitator of Pyongyang’s illicit weapons programs, highlighting a perceived lack of vigilance in this regard during the previous administration.</p> 
 <p>The forthcoming legislation seeks to counteract the exploitation of digital <a rel="noopener noreferrer nofollow" title="assets" href="https://thebittimes.com/tag/assets.html">assets</a> acquired by North Korean hackers. </p> 
 <p>This is an addition that was absent from the draft initially proposed by the National Intelligence Service (NIS) in the previous year. </p> 
 <p>Intelligence reports reveal that North Korean hackers managed to pilfer $1.28 billion worth of coins in 2022, employing tactics such as ransomware, scams, fraud, and various cyberattacks. </p> 
 <p>This underscores the critical urgency for implementing robust countermeasures.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Stolen crypto from Atomic Wallet traced to North Korean-linked Mixer 
 </div> 
 <p>Yoon Han-hong, a People Power Party representative serving on the National Policy Committee, pointed out that <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="assets" href="https://thebittimes.com/tag/assets.html">assets</a> approximating $52.46 million have likely been funneled through South Korean exchanges by North Korean hackers in the last four years.</p> 
 <figure class="wp-block-image size-large is-resized"> 
  <img decoding="async" src="https://cdn.thebittimes.com/images/2023/09/05/6ca2695f22142984d6ff4bf93ce6d22f.webp" alt="North Korea Crypto" class="wp-image-14191532" style="width: 100%;height:431px" width="889" height="431"> 
 </figure> 
 <p>According to Anne Neuberger, US Deputy National Security Advisor for Cyber and Emerging Technology, about half of North Korea’s missile program financing is from digital theft and <a rel="noopener noreferrer nofollow" title="cyber" href="https://thebittimes.com/tag/cyber.html">cyber</a>attacks. </p> 
 <p>This information aligns with the increase in the country’s missile tests, marking a surge in both cyber and military activities.</p> 
 <p>Chainalysis, a blockchain analytics firm, has substantiated these claims, revealing that North Korea has illicitly obtained over $3 billion through cybercrime in the last five years. </p> 
 <p>Additionally, United Nations sanctions experts have linked North Korea to using stolen funds to support its prohibited nuclear and missile programs.</p> 
 <p>South Korea’s move is when the US Federal Bureau of Investigation (FBI) is intensifying its scrutiny of North Korean hackers. </p> 
 <p>In August, the bureau identified six Bitcoin wallets connected to the Lazarus Group, a North Korean hacking syndicate, with roughly $40 million worth of Bitcoin (BTC). </p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> FBI identifies six Bitcoin addresses controlled by North Korean hackers 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/seoul-to-target-north-korea-s-illicit-crypto-assets-with-a-new-cyber-bill-tbt61507.html">https://thebittimes.com/seoul-to-target-north-korea-s-illicit-crypto-assets-with-a-new-cyber-bill-tbt61507.html</a></p>

Seoul to target North Korea’s illicit crypto assets with a new cyber bill

TheBitTimes

Inne artykuły opublikowane 4 wrz 2023

Baby Doge Coin (BabyDoge) Price Prediction 2024, 2025, 2026-2030

USDT’s market cap drops for the first time in 2023

Will INJ Token Price See A Surge To $10 In The Near Future?

OKX Nears Completion of VASP Licensing Process in Hong Kong

Binance’s Entry Followed by Increased Scrutiny on Foreign Executives in Korean Crypto Firms

BONE to Welcome This Major Change in Shibarium Evolution

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!