North Korean hackers said to have stolen nearly $400 million in cryptocurrency last year

North Korean hackers said to have stolen nearly $400 million in cryptocurrency last year

New York(CNN Business) North Korean hackers stole nearly $400 million worth of cryptocurrency in 2021, making it one of the most lucrative years to date for cybercriminals in the severely isolated country, according to a new report. Hackers launched at least seven different attacks last year, primarily targeting investment firms and centralized exchanges with a variety of tactics, including phishing, malware and social engineering, according to the report from Chainalysis, a firm that tracks cryptocurrency. The cybercriminals worked to gain access to organizations' "hot" wallets — digital wallets that are connected to the internet — and then move funds into DPRK-controlled accounts. The thefts are the latest indication that the heavily sanctioned country continues to rely on a network of hackers to help fund its domestic programs. A confidential United …
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