North Korean Hackers Make Off with a Whopping $100 Million USD in Crypto Heist, and FBI Says That’s Nothing Compared to What Could Come Next!
The digital currency market was rocked recently by news of a massive cyber-attack originating from North Korea, in which hackers made off with an estimated $100 million in digital currency. According to the FBI, the notorious cybercriminal group Lazarus pulled off the massive heist and is now believed to be the most successful hacking group in the world.
The Impressive Hack
The Lazarus hackers are believed to have stolen the coins from exchanges, as well as direct transactions, in one of the largest crypto heists of its kind. What’s even more impressive is that the group is believed to have used sophisticated malware and techniques to hack into exchanges and wallets, making it one of the most sophisticated cyber-attacks in history.
The FBI’s Warning
The FBI had this to say about the attack: “The North Korean backed cyber-criminal group known as Lazarus has demonstrated an impressive level of sophistication in their attacks. They have managed to successfully steal $100 million dollars in digital currency and this is only a fraction of the total losses. We strongly advise digital currency owners to be extra vigilant when transferring and storing crypto assets.”
The agency also warned that the stolen digital currency could be converted into fiat currency and used to fund global terrorism or even wars. In other words, the hackers now have enough money to finance a small country!
What Can We Do?
In response to the breach, digital currency exchanges have tightened their security protocols and implemented more robust technologies for better protection. But as the Lazarus group has demonstrated with this hack, no system is 100% secure and there is always a way to get around any security measures. Therefore, here are a few tips to help protect your digital assets:
- Keep your digital currency offline whenever possible. Digital currency wallets can get hacked, so you should only keep the amount of money that you absolutely need online.
- Make sure you’re using the latest security protocols. Digital currency exchanges are constantly updating their security, so make sure you’re using the latest protocols to protect your digital assets.
- Be aware of phishing scams. Cybercriminals often use phishing scams to get access to your accounts, so never enter your login details or private keys on suspicious or unfamiliar sites.
- Ensure that your system is up-to-date. Hackers often take advantage of system vulnerabilities so stay on top of any security patches and updates.
Final Thoughts
Although this heist has been an unfortunate event and has cost a lot of money, it has also had the positive effect of raising awareness about cyber-security and the importance of protecting your digital assets. Hopefully, these tips will help you stay safe and keep your crypto safe from any malicious actors!
