The former CIA agent said that North Korea will continue to focus on cyberattacks on cryptocurrency companies as the DPRK regime faces severe food shortages.
Soo Kim, a former CIA analyst, warned that North Korean-backed cyberattacks against cryptocurrency and tech companies will become more sophisticated over time as the country grapples with lingering economic sanctions and a lack of resources.
Profiting from cyberattacks has become a “way of life” for the DPRK, she said, as the North Korean regime has led to food shortages, as well as other countries’ refusal to cooperate with North Korea. Therefore, Kim believes, the DPRK will continue to attack crypto companies and do it more and more sophisticated.
“Despite the fact that now North Korea has poorly developed channels through which everything necessary for the country is bought, in terms of rapprochement with foreigners and exploiting their vulnerabilities, the DPRK has an “unplowed field,” the expert said.
First of all, according to Kim, hackers pay attention to unsuspecting employees of technology companies and try to find vulnerabilities through them. Some methods even involve a hacker getting a job in one of the Western or Asian companies.
According to the analyst, the country takes this job very seriously – it’s not just some person sitting in the basement and trying to steal cryptocurrency. Pyongyang provides its hackers with the best equipment and education as they bring it a critical income stream.
Earlier, experts from the Reuters news agency said that stocks of cryptocurrency stolen by North Korea over the past year have fallen in price by $400 million due to a downturn in the markets.
Source: Bits
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