American IT Firm Targeted By Korean Hackers In Crypto Theft

2023-7-22 22:00

A major American tech firm was recently hacked by a North Korean cybercriminal ring attempting to target its crypto-based customers. In its company blog, Jumpcloud, an IT management company based in Louisville, Colorado, reported that hackers from North Korea broke into its system in late June. 

North Korean Hackers Break Into Jumpcloud

While Jumpcloud wasn’t initially able to confirm details on the attack, it has now come out to share additional details. Through its investigations with American cybersecurity technology company CrowdStrike, Jumpcloud was able to determine that the hackers were from North Korea and were supported by its government. 

Jumpcloud is home to more than 200,000 companies and organizations that use its IT infrastructure identity, access, security, and management functions.

But according to Reuters, two people familiar with the matter confirmed that the JumpCloud clients targeted by the hackers were only cryptocurrency companies. Jumpcloud also confirmed that less than 5 JumpCloud customers were impacted, and less than 10 devices were affected in total. 

The Rise Of State-Sponsored Cybercrime And Crypto Theft

It is unclear at the moment how much damage was done by the hackers before the security breach was noticed, but Jumpcloud says it has taken the appropriate steps to eliminate the threat. Jumpcloud has also changed its API keys as a result of the breach.

While the attack was detected and thwarted before any major damage was done, it shows the prevalent threat of nation-state bad actors, especially North Korea, targeting crypto companies. The attack on Jumpcloud demonstrates that these cybercriminals are stepping up their game and targeting companies that can provide them with broader access to more victims.

“I don’t think this is the last we’ll see of North Korean supply chain attacks this year,” said Adam Meyers, CrowdStrike’s Senior Vice President for Intelligence.

The hacker group known as Labyrinth Chollima, is one of several groups alleged to operate on North Korea’s behalf. Another major hacking syndicate based in North Korea is the Lazarus Group, known for its daring attacks on crypto companies and projects. And these state-sponsored North Korean hackers have become adept at infiltrating foreign IT systems to steal cryptocurrency and other digital assets. 

According to Chainalysis, 2022 was the biggest year for these Korean hackers, stealing an estimated $1.7 billion worth of cryptocurrency across several hacks. Most of these hacks came from breaches of DeFi protocols. In one attack alone, hundreds of millions of dollars worth of cryptocurrency were carted away from Axie Infinity, a popular blockchain-based game. However, North Korea has denied all allegations on the matter.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

North Korean Won (KPW) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 KPW

american north hackers firm company korean louisville

american north → Результатов: 126


Blockware Mining Closes $25M Investment Round, Plans To Triple Hash Rate From Kentucky Facility

Blockware announced on Thursday that a second oversubscribed fundraising round had raised $25 million. Blockware Raise Money In Oversubscribed Round North American bitcoin mining company Blockware Mining today announced that it has raised over $25 million in a second oversubscribed funding round, bringing the company’s total capital raised to more than $32 million. They want […]

2021-7-2 01:12


Фото:

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners.

2021-5-26 18:30


Фото:

Elon Musk Meets Major North American Bitcoin Miners to Address Energy Usage

Following his earlier criticisms of Bitcoin’s energy usage, Tesla CEO Elon Musk has met with bitcoin miners in North America to promote the use of renewable energy for BTC mining activities.  New Bitcoin Mining Council Formed After Meeting Tweeting on Monday (May 24, 2021), Musk revealed that bitcoin miners based in North America were committedRead More

2021-5-26 13:30


Илон Маск провел встречу с майнерами

CEO Tesla Илон Маск сообщил о встрече с майнерами биткоина по теме использования возобновляемых источников энергии. Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so.

2021-5-25 09:56


Фото:

TNABC Miami’s Eighth Annual Conference Goes Virtual, Event Underscores Technology’s Important Role

On January 28-29, 2021, The North American Bitcoin Conference (TNABC) is preparing to kick off its eighth exhibition with another cryptocurrency and blockchain-focused event. The event organizers have lined up more speakers than ever, as this year’s TNABC is going to be 100% virtual due to the ongoing coronavirus pandemic. TNABC’s creators say that this […]

2021-1-17 12:05