US, Japan, and South Korea Unite Against North Korean Hackers
In a joint statement, the US, Japan, and the Republic of Korea (South Korea) announced they are uniting forces to fight against hackers from the Democratic People’s Republic of Korea (North Korea).
On this page
The statement warns about North Korean cyber actors, including the Lazarus Group, targeting and compromising entities across the globe.
According to the three governments, DPRK’s cyber program threatens not only them but the broader international community, presenting a significant risk to the integrity and stability of the international financial system.
The trilateral alliance highlights North Korea's use of stolen digital assets to fund its weapons programs and underscores the need for enhanced international cooperation to counter these activities.
The statement mentioned large losses caused by North Korean hackers, including the $308 million crypto theft from the Japan-based company DMM Bitcoin, $50 million theft from Upbit, and $16 million theft from Rain Management. Notably, 2024’s biggest hacks included WazirX’s $235 million and Radiant Capital’s $50 million breaches.
The statement added that North Korea’s activities also involve exploiting freelance work platforms to place IT workers in companies, enabling insider threats to further its cyber objectives.
Private sector entities, especially those in the blockchain and freelance work industries, are encouraged by the countries to carefully review advisories and announcements on online networks. This will help improve cyber threat defenses and avoid the risk of unknowingly hiring DPRK IT workers, they mentioned.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
