Surging Bitcoin value makes the crypto-currency attractive target for hackers

Sky News reports security researchers as telling that North Korea is looking for profiting from an increasing price of Bitcoin via infiltrating systems at Bitcoin exchanges. According to independent security investigator Ashley Shen, presumably a reason for hackers attacking Bitcoin is the crypto-currency's constant escalating value which's reasonable that it's attacked.

Shen thinks that digital currency is likely easier to acquire compared to physical currency therefore it's hacked.

During 2017, there's been a dramatic rise in Bitcoin's value, with particularly the week of December 4 witnessing a peak rise of 1 Bitcoin as equivalent to $16,000 (11,940 pounds).

In the current year, Bitcoin's price has gone 1,500% up based on solely speculation. Express reported this, December 11, 2017.

It's further reported that Ms. Shen together with colleagues recently traced origins of attacks that hackers' gangs such as Andariel, Bluenoroff and Lazarus carried out. The operations are doubted as being from North Korea. They were executed on banks within South Korea and Europe, a Bitcoin exchange, and one ATM firm.

Earlier the attackers targeting nation-sates usually attempted at capturing intelligence information and secret data.

But, of late, it has been found that certain Advanced Persistent Threat groups have been attempting at hacking institutions of finance like Bitcoin exchanges and banks for earning monetary profit.

According to Ms. Shen, hitherto the attacks couldn't be successful.

Her own opinion, she says, is that the hackers will perhaps go on attacking Bitcoin exchanges reason being the digital currency's value continuously rises while investing into it is profitable. At the same time though they'll go on targeting banks since they've been already doing that.

According to a co-researcher, only some years back, the hacking assaults got executed so the society could be crippled; however, since a while now the assaults have been to steal money suggesting the attackers maybe encountering financial problems.

With surging value of Bitcoin, hackers find it more-and-more attractive to target. The National Crime Agency states that a mass of crypto-currency utilization isn't crime related. The agency runs operations to defeat offensive acts online while remains alert to dangerous activities that depend on the use of crypto-currency.

» SPAMfighter News - 12/15/2017