North Korean hacking group uses cloud mining to launder crypto

 

Cybersecurity firm Mandiant, a Google subsidiary, has identified a group of North Korean hackers using cloud computing to conduct a cryptocurrency laundering operation

The group is known as APT43 and is characterized by Mandiant as a “prolific threat actor operating on behalf of the North Korean regime.” 

Mandiant has released a report that outlines the tactics APT43 uses to carry out its cybercrime operations, which include espionage against South Korean, European, and U.S.-based government organizations, academics, and think tanks. 

  • The report concludes that APT43 has targeted cryptocurrency and cryptocurrency-related services to sustain its operations, thus “reducing fiscal strain on the central government.” 
  • Based on its findings, Mandiant alleges that APT43 likely uses “harsh rental and cloud mining services to launder stolen cryptocurrency into clean cryptocurrency.” 
  • Cloud mining is a method of mining cryptocurrency that involves using rented cloud computing power without having to install and run the hardware and software.

Post a Comment

Previous Next

Contact Form