Be on the lookout. North Korean crypto-hacking operatives are set to get smarter and more sophisticated, says former CIA analyst Soo Kim.
North Korea-backed cyberattacks on crypto and tech firms will only become more sophisticated over time as the country battles prolonged economic sanctions and resource shortages.CNN on July 10 that the process of generating overseas crypto income for the regime has now become a “way of life” for the North Koreans.
"In light of the challenges that the regime is facing — food shortages, fewer countries willing to engage with North Korea [...] this is just going to be something that they will continue to use because nobody is holding them back, essentially." She also added that it is likely that their crypto attacking “tradecraft” will only improve from here on.
"Even though the tradecraft is not perfect right now, in terms of their ways of approaching foreigners and preying upon their vulnerabilities, it's still a fresh market for North Korea," said Kim.
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