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Crypto Companies Under ‘Scary’ Attack by North Korean Hackers

Tall Timbers

Imperfect but forgiven
Staff member
Cryptocurrency experts are warning that the industry is now under constant attack by North Korean hackers, who have become highly proficient at tricking crypto owners and blockchain technicians into giving up valuable information with elaborate “social engineering” schemes.

“Social engineering” is a broad term for the methods hackers employ to lure their victims into downloading malware, or disclosing crucial information like their user names and login credentials.

Major computer networks have become fairly resistant to “brute-force” hacking, so intruders find it necessary to steal legitimate user names and passwords from unwitting victims, or trick them into installing virus programs on their computers. Most of the headline-grabbing cybercrimes of recent years have involved some form or social engineering, such as the ubiquitous “phishing” technique, which tricks victims into responding to realistic-looking emails or downloading virus-laced attachments.

 
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