Major Cyber Attacks Blamed on North Korea

According to PC Pit Stop, North Korea is responsible for two major cyber attacks.  Cyber security analysts believe that North Korea has been stealing crypto-currency, bitcoins, and other digital currency by executing advanced persistent threats (APTs). Since the beginning of the internet, hackers have been gaining unauthorized access to networks to steal identities, perform credit card fraud, and cause havoc for e-commerce businesses and individuals. Only by hacking a site and server from an honest third-party vendor, otherwise known as vulnerability scanning, have business owners been able to limit the number and extent of cyber crime. Even at that, more than 30,000 websites get hacked into every single day.

Considering the value and international popularity of bitcoins have almost doubled over the last couple weeks, it’s not shocking to learn that cyber criminals are now targeting digital wallets.  However, North Korea is taking this to a new level by targeting bitcoin exchange sites and financial institutions.

North Korea Cyber Crime
Beyond stealing digital currencies, the U.S. also released a statement on December 18th claiming North Korea was responsible for the first global ransom ware attack, WannaCry.  WannaCry was a ransom ware campaign that impacted approximately 150 countries around the globe.  Collectively the attack created millions, if not billions, of dollars’ worth of damage.  When cyber crime happens, online business owners have to account for costs associated with downtime, third-party investigations, loss of productivity, design, marketing dollars, data, and reputation damage.

The U.S. government plans to establish a plan to mitigate the risk of future attacks taking place.

MSN reported,

“…the Trump administration will be calling on “all responsible states” to counter North Korea’s ability to conduct cyberattacks and to implement all “relevant” United Nations Security Council sanctions, according to a U.S. official familiar with the matter.” No definitive plans, beyond the above statement, have been disclosed to legitimately address the issue.  Therefore, it is unclear what measures the U.S. plans to take to counter North Korea’s ability to execute these cyber attacks.  For now, no serious online business owner should be without security scanning to catch their websites’ vulnerabilities before hackers do.


 

View original article here: https://techtalk.pcpitstop.com/2017/12/19/north-korea-blamed-major-cyber-attacks/?northkorea=&ad_id=505347&share-ad-id=1

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