North Korea and Cybercrime - A Malicious Combination

North Korea and Cybercrime - A Malicious Combination

It can be unarguably stated that North Korea and cybercrime go hand in hand. The nation is highly focused on reinforcing its cyber capabilities, by all means necessary, and creating more than just a nuisance.

What’s up?

The CrowdStrike 2021 Global Threat Report tracked the activities of all five DPRK threat actors - LABYRINTH CHOLLIMA, STARDUST CHOLLIMA, SILENT CHOLLIMA, VELVET CHOLLIMA, and RICOCHET CHOLLIMA. The campaigns have been primarily conducted against South Korea, Japan, Europe, and North America for the purpose of collecting intelligence and financial benefits. Furthermore, as the nation is currently suffering from an economic crisis and food shortages, experts anticipate a rise in cyberattacks from North Korea.

Cyber kleptomania

The U.S. Department of Justice indicted three North Korean individuals with criminal conspiracy and extortion of more than $1.3 billion in cryptocurrency from financial institutions. What can be the reason for this unchecked criminal activity? The indictment details that the ruthless regime is economically fragile and undergoing food shortages. Their hacking activities have been categorized into 44 distinct overt acts, which include attacks on the entertainment industry, bank heists, ATM cash-out thefts, cyber-enabled extortion, creation and delivery of malicious cryptominers, and spear-phishing campaigns.

How does it do it?

North Korean attackers are lured by the size of the cybercrime market and lack of adequate security.
Moreover, operations carried out by the nation are not very risky and expensive and yet can be advantageous.
The most important fact that should be considered is that North Korea ha ..