"North Korean Hackers Target US Tech Company for Crypto Theft"

1 min read
Source: Reuters
"North Korean Hackers Target US Tech Company for Crypto Theft"
Photo: Reuters
TL;DR Summary

A North Korean government-backed hacking group, known as "Labyrinth Chollima," breached an American IT management company called JumpCloud and used it as a launching pad to target cryptocurrency companies. The hackers gained access to JumpCloud's systems in late June and then targeted a small number of its clients, which were confirmed to be cryptocurrency companies. This incident highlights North Korea's increasing sophistication in cyber espionage and their shift towards supply chain attacks. Cybersecurity firms CrowdStrike and Mandiant have attributed the attack to North Korea's Reconnaissance General Bureau (RGB), its primary foreign intelligence agency. The stolen cryptocurrency by North Korean-linked groups is estimated to be worth $1.7 billion.

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