12 Sep '17, 10am

North Korea is trying to amass a bitcoin war chest

North Korea is trying to amass a bitcoin war chest

Hackers linked to North Korea are ramping up attempts to steal bitcoin in order to bring in money for Kim Jong Un's regime, a top cybersecurity firm says. Bitcoin and other forms of virtual money -- known as cryptocurrencies -- appeal to North Korea as the U.S. pursues international sanctions aimed at further isolating the country, according to a new report from FireEye. "Sanctions against North Korea are likely to fuel their cybercrime activity," said Bryce Boland, Singapore-based chief technology officer with FireEye. "Attacks on cryptocurrency exchanges can be a great vehicle to obtain what is ultimately hard currency." Related: North Korea's long history of hacking It's just the latest example of the illicit ways North Korea allegedly brings in money as it endures wave after wave of increasingly tough international sanctions over its rapidly advancing nuclear weapons p...

Full article: http://money.cnn.com/2017/09/12/technology/north-korea-ha...

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