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Hackers from North Korea still breaking into PCs for mining crypto-currencies

The Intelligence Service of South Korea believes North Korea is continuing to break into PCs for mining crypto-currencies. The reports state that the malicious operations by North Korea are with the objective of accumulating funds for the country.

Reports have also been published in United Press International stating about professional hackers from North Korea still infiltrating PCs within South Korea for capturing secret data. According to the intelligence outfit of the state, hackers from North Korea even attack foreign countries for theft of information. This statement was made on October 31, 2018 to parliamentary committee in-charge of audits.

The first planning by North Korea about using crypto-mining malicious software caught the attention of one U.S cyber-security company during January. That company disclosed how it unearthed PCs on which malware had been installed even as it suspected North Korean hackers for the act. The purpose was for digging out the Monero crypto-currency followed with transferring the same to Pyongyang based Kim il Sung University, reported Chosun ilbo a news outlet of the locality.

It appears that North Korea is focusing on crypto-currency so it can make up for the constant rise in international sanctions it is facing. Hence, an alternative way to earn money for North Korea is mining crypto-currencies at the time it's cash-strapped.

Now, the hacking of PCs to mine crypto-currency is called crypto-jacking. In this, one first hacks a PC to collect hardware data of the device. Such data is, in any case, for someone else. Within the above instance, hackers inside NK are mining digital coins to give to the state which has a shortage of cash.

Like always, crypto-jacking hackers worldwide continue to choose XMR considering it the best. The NK hackers disguise as "Lazarus" an extremely profitable organization globally that hacks for crypto-currencies. Starting 2017, computer attackers have garnered crypto-currencies worth of more than USD 882m, although none comparable to the North Korean hackers.

The country these days keeps hitting the crypto-currency news prominently. Lately, reports revealed how an alleged hacking outfit in North Korea, receiving state sponsorship stole crypto-currency valuing more than USD 570m.

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