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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

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Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Lazarus On The Hunt: How North Korean Hackers Are Targeting Crypto Via LinkedIn

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The notorious Lazarus Group, a cybercriminal organization believed to be backed by North Korea, has emerged with a new attack strategy targeting unsuspecting companies on LinkedIn, a popular professional networking platform. This development raises concerns about the evolving tactics of cybercriminals and the increasing difficulty for businesses to distinguish legitimate job seekers from malicious actors.

Lazarus On LinkedIn: A Sophisticated Social Engineering Scheme

Lazarus Group is impersonating highly skilled developers on LinkedIn, specifically those with expertise in blockchain and React technologies. These cybercriminals approach targeted organizations, posing as enthusiastic candidates eager to contribute to their projects. Once communication is established, they coax their targets into reviewing supposedly impressive coding samples.

Unbeknownst to the victims, these code repositories, often hosted on platforms like GitHub, contain malicious snippets designed to infiltrate the target’s computer network. Once executed, these snippets trigger a series of events that compromise the integrity of the network, potentially granting unauthorized access to sensitive financial information and valuable cryptocurrency assets.

The Dangers of Backdoor Access: Financial Losses, Reputational Damage

The consequences of such breaches can be devastating. By exploiting vulnerabilities within corporate networks, Lazarus Group gains a persistent backdoor entry, allowing them to exploit valuable resources at will.

This can lead to significant financial losses for organizations, not only through stolen assets but also due to the cost of incident response and potential regulatory fines.

Additionally, data breaches can severely damage an organization’s reputation, eroding customer trust and hindering future business prospects.

The Evolving Threat Landscape

The Lazarus Group’s exploitation of LinkedIn highlights a critical challenge for cybersecurity professionals. Traditional security measures designed to identify suspicious network activity or malware may not be enough to stop these cunning attacks.

By infiltrating a trusted platform like LinkedIn, Lazarus Group establishes a facade of legitimacy, making it extremely difficult for organizations to discern genuine candidates from malicious actors. This social engineering approach leverages the inherent trust people place in professional networking platforms, creating a vulnerability that traditional cybersecurity solutions may struggle to address.

Related Reading: Is Bitcoin Toast? Gold Bug, Bitcoin Critic Sees BTC Dropping To $20,000

Organizations should implement robust security protocols, including regularly updating software, conducting employee training on cybersecurity best practices, and employing comprehensive threat intelligence monitoring tools.

Furthermore, security experts recommend fostering a culture of cybersecurity awareness within organizations, empowering employees to identify and report suspicious activity.

Featured image from Pexels, chart from TradingView

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