The crypto-verse has had a number of hacks and attacks throughout the years. The Lazarus Group, located in North Korea, was recently found to be behind some of the most destructive attacks on the industry. The Lazarus Group has been engaged in cryptocurrency-related phishing breaches for a number of years, according to recent information from the Japanese government.
The Financial Services Agency (FSA) and Japan’s National Police Agency (NPA) have warned crypto platforms to be on the lookout for phishing scams. These organizations think that the primary reason the hacker gang has been taking cryptocurrency is that it is “handled more loosely.”
The statement went on to describe these phishing attacks in more detail. It read,
“This cyber attack group sends phishing emails to employees impersonating executives of the target company […] through social networking sites with false accounts, pretending to conduct business transactions […] The cyber-attack group [then] uses the malware as a foothold to gain access to the victim’s network.”
Therefore, businesses all around the country were urged not to click email attachments or even URLs carelessly. Downloading files from unverified sources was advised to be avoided, especially with reference to encryption.
The NPA also recommended “installing security software,” “using multi-factor authentication,” and avoiding using the same password across numerous platforms or services for owners of digital assets.
The community then began to wonder if the Lazarus Group would continue to get money from Japan.
The Lazarus group saga to continue?
The North Korean government’s support for the Lazarus Group is known to everyone worldwide. The community has seen numerous cryptocurrency platforms fail over the years. The Lazarus Group has established its control over these bridges, first with the Ronin Bridge breach and most recently with the Harmony’s Horizon Bridge hack.
Despite the Japanese government’s attempts, the Lazarus organization has persisted in destabilizing crypto companies there. It was revealed that crypto businesses have received many warning letters from the NPA and FSA. The most recent warning is said to be the fifth.
Therefore, it was unlikely that the Lazarus Group would see a decline in support from Japan.