A cybersecurity expert says that hacker attacks originating from North Korea cryptocurrency and Blockchain warned that attacks on companies could increase.
“North Korean Origin Cryptocurrency Theft May Increase”
Nick Carlsen, a blockchain analyst at TRM Labs and a former FBI employee, warned that cyber theft will “get worse” during a speech at a panel on cyber-assisted crime for the Center for a New American Security (CNAS) on August 9, 2022.
Carlsen stated that the financial fraud and threat environment is at its peak:
“Theft will only get worse. Cryptocurrencies will become a much more accepted tool for real payment transactions.”
In May 2022, the United States and South Korea met again at the US-ROK Summit between US President Joe Biden and South Korean President Yoon Suk-yeol to revive the previously planned idea of a joint cyber working group.
But since then, there has been no significant progress on the US-South Korean cyber working groups, and both Washington and Seoul have remained silent on the issue.
The meeting between the US and South Korea was part of a strategy to enhance cooperation in combating cyber-supported financial crimes, with a particular focus on cryptocurrency and blockchain technology and the rise of cyber activity in North Korea.
With crypto-based crimes on the rise in North Korea recently, the country has become the global leader in crypto crimes, currently earning over $1.5 billion.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!