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Gulf Press > Uncategorized > Report: North Korean Hackers Targeting Brazilian Crypto Companies
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Report: North Korean Hackers Targeting Brazilian Crypto Companies

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Last updated: 2024/06/14 at 3:45 AM
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A recent threat intelligence report from Google Cloud has exposed a series of cyberattacks by North Korean hackers targeting cryptocurrency exchanges, fintech companies, and individuals in Brazil. The report identifies the notorious North Korean hacking group Pukchong (UNC4899) as the perpetrator behind these attacks, which involve the use of malicious software disguised as a cryptocurrency price tracker.

In addition to Pukchong, other North Korean hacking groups like GoPix and URSA have also been actively targeting Brazilian cryptocurrency firms using similar malware attacks. These attacks have raised concerns over the security of cryptocurrency wallets and exchanges, which are constantly under threat from hackers looking to exploit vulnerabilities in the system.

Google’s threat analysis warns that Brazil is vulnerable to cyber threats from both local and foreign threat actors, with the country’s digital payment market booming and its thriving economy making it an attractive target for cybercriminals. Ransomware groups, which have historically targeted North America and Europe, are now turning their attention to Latin America, with Brazil being identified as the second most-targeted country by a ransomware-as-a-service gang.

The cybersecurity landscape in Brazil is diverse, with threats extending beyond traditional ransomware attacks. The country’s unique threat landscape has attracted the attention of both North Korean and Chinese government-backed cybercriminals, who have targeted cryptocurrency firms as well as aerospace, defense, and government entities in Brazil. This highlights the need for increased cybersecurity measures to protect against these evolving threats.

Recent incidents, such as a zero-day exploit targeting iOS users of the Trust Wallet cryptocurrency platform, have underscored the importance of staying vigilant against cyber threats. Trust Wallet advised users to disable iPhone iMessage until Apple fixes the vulnerability to prevent unauthorized access to user data. Similarly, cybersecurity firm Kaspersky uncovered that the North Korean hacking group Kimsuky deployed malware targeting South Korean crypto firms, further emphasizing the need for enhanced cybersecurity measures in the digital landscape.

As Brazil’s digital economy continues to grow, it is essential for businesses and individuals to prioritize cybersecurity and take proactive steps to safeguard their digital assets. With the threat landscape constantly evolving and cybercriminals becoming increasingly sophisticated, it is crucial to stay informed about the latest cybersecurity trends and adhere to best practices to mitigate the risk of falling victim to cyberattacks. By staying alert and implementing robust cybersecurity measures, businesses and individuals can protect themselves against the ever-present threat of cybercrime in an increasingly digital world.

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News Room June 14, 2024
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