United States Government Warns North Korean Cyber Gang is Back in Action

North Korean cyber gangs are quietly evolving and mutating into becoming some of the most refined hackers on the planet. Over the past couple of years, North Korean cyber attackers have left their digital identity on several cyber attacks. The hermit country’s hackers have massively enhanced their hacking skills, making them a great concern to their potential victims.

A few years back, cybersecurity professionals downplayed North Korea’s hacking capacity as a sub-par cyber gang whose attacks were turbulent but pretty simple to decipher. Cybersecurity analysts rated their hacking skill sets long way short of the U.S. Russia and Israel.

North Korean cyber gang, BeagleBoyz targeting U.S. banks

A North Korean cyber gang is currently preoccupied in launching massive cyberattacks targeting financial institutions in the United States and crypto exchanges globally. Notably, U.S. authorities cautioned of the significant degree of threat the group poses to America. 

The U.S. Department of Homeland Security (DHS) released an alert earlier this week, warning that the FBI, the U.S. Cyber Command, and the Department of the Treasury are closely evaluating the renaissance of North Korean state-backed BeagleBoyz hackers. The cyber gang has not been as operational over the past couple of years as the disreputable Lazarus hacking group.

Hackers using “irreversible methods of theft” to target crypto exchanges

Notably, both Lazarus and BeagleBoyz are sponsored by the North Korean government to launch cyber attacks. Despite the group being inactive for a while, BeagleBoyz is responsible for the theft of at least $2 billion since 2015. Most of the incidents involve hacking and stealing digital assets. 

As per the recent conclusions, the North Korean cyber gang appears to have seemingly reorganized itself at the beginning of the year. Moreover, the hackers have allegedly created new immutable stealing ways to target cryptocurrency exchange platforms, according to the DHS. 

Furthermore, the hackers are allegedly planning to deploy malware with COPPERHEDGE, a dial-up connection tool used by elite hackers. The tool can execute orders on jeopardized systems and extract stolen information. 

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