According to the corporation and Cybersecurity experts, a North Korean government- backed hacking breached an American IT management company and used it as a springboard to target bitcoin companies. According to a blog post, the hackers hacked into Louisville, Colorado based company, JumpCloud in late June and utilized their access to the company's systems to …
According to the corporation and Cybersecurity experts, a North Korean government- backed hacking breached an American IT management company and used it as a springboard to target bitcoin companies. According to a blog post, the hackers hacked into Louisville, Colorado based company, JumpCloud in late June and utilized their access to the company’s systems to target its clients.
Cybersecurity firm, CrowdStrike Holdings, which is assisting JumpCloud and Alpahebt-owned Mandiant- which assists one of JumpCloud’s clients have both confirmed the hackers involved were known to focus on cryptocurrency theft.
The hack demonstrates how North Korean cyber spies, who were previously willing to target digital currency corporations piecemeal, are increasingly targeting companies that might provide them with broader access to several victims downstream – a strategy known as a “supply chain attack.”
CrowdStrike identified the hackers as “Labyrinth Chollima”, one of many groups claimed to be working on behalf of North Korea. According to Mandiant, the hackers were employed by North Korea’s Reconnaissance General Bureau (RGB), the country’s premier foreign intelligence organization.
The North Korean embassy in New York did not reply to a request for comment. Despite copious evidence to the contrary, including UN reports, North Korea has repeatedly denied organizing digital money heists.
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