FBI Warning: North Korea Tracks Cyberattack on Cryptocurrency ETF Market

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FBI Warning: North Korea Tracks Cyberattack on Cryptocurrency ETF Market


The FBI has revealed that North Korea has launched a cyber operation targeting the growing cryptocurrency exchange-traded fund (ETF) market. North Korean hackers have conducted extensive investigations into targets related to cryptocurrency ETFs in recent months, suggesting the potential for increased malicious cyber activity against companies in the sector, according to an FBI report. The FBI warned that North Korea poses a continuing threat to organizations with large cryptocurrency holdings. Using sophisticated social engineering tactics, North Korean hackers have targeted specific decentralized finance (DeFi) and digital currency companies and are attempting to deceive their employees. The FBI advised companies, particularly in the thriving ETF market, to implement strict cybersecurity protocols and train their employees to recognize phishing attempts.

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