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Home News Latest News

North Korean Hacker Group Steals Millions Posing As Japanese VCs and Banks

28 December 2022
in Latest News, News
Reading Time: 3 mins read
108 5
North Korean Hacker Group Steals Millions Posing As Japanese VCs and Banks

image source: Forbes.com

On December 27, cybersecurity firm Kaspersky Lab announced that the North Korean hacking group BlueNoroff had successfully stolen millions of dollars in cryptocurrencies. The group, which has been active for several years, was able to carry out this cybercrime by creating more than 70 fake domains that impersonated banks and venture capital firms.

According to Kaspersky Lab’s investigation, most of these fake domains mimicked Japanese venture capital firms, indicating a strong interest in obtaining user and company data from that country. This marks the latest in a series of attacks by BlueNoroff, which has previously targeted financial institutions and cryptocurrency exchanges worldwide.

The BlueNoroff group has recently made strides in improving its malware injection techniques. Previously, they had relied on Word documents to deliver their malware, but they have now turned to creating Windows Batch files. These .bat files allow the group to expand the reach and execution of their malware, and they can bypass Windows’ Mark-of-the-Web (MOTW) security measures designed to protect users from downloading untrusted files.

According to Kaspersky’s investigation, the BlueNoroff group has also started using .iso and .vhd disk image files to distribute viruses. These new tactics were discovered in late September, demonstrating the group’s ongoing efforts to evolve and evade detection. Users need to remain vigilant and protect themselves by only downloading files from trusted sources and regularly updating their security software.

The impact of these hacks cannot be underestimated, as they not only resulted in the theft of significant funds but also put the personal and financial information of individuals and businesses at risk. It serves as a reminder of the need for individuals and organizations to be vigilant in protecting themselves online and to be cautious of any suspicious activity or requests for sensitive information.

 

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