Multi-Stage Cyber Attacks Net North Korea Millions in Virtual Currencies: Researchers

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Multi-Stage Cyber Attacks Net North Korea Millions in Virtual Currencies: Researchers

SINGAPORE/SEOUL (Reuters) – A series of recent cyber attacks has netted North Korean hackers millions of dollars in virtual currencies like bitcoin, with more attacks expected as international sanctions drive the country to seek new sources of cash, researchers say. North Korea’s government-backed hackers have been blamed for a rising number of cyber attacks, including the so-called WannaCry cyber attack that crippled hospitals, banks and other companies across the globe this year. Analysts say the explosive growth in the value of bitcoin makes it and other “cryptocurrencies” an attractive target for North Korea, which has become increasingly isolated under international sanctions imposed over its nuclear weapons and missile programs.

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