North Korean Hackers Responsible for $500K Ransomware Attack

North Korean Hackers Responsible for $500K Ransomware Attack

Ransomware is a malware that prevents access to computer systems but requests payment from users to regain access to their computer systems. So far, there have been several ransomware attacks around the world, with most of them coming from North Korean hackers. Find more insight about crypto hacks here.

And recently, North Korean hackers have launched ransomware attacks on organizations in the US. Their recent attack on US organizations was on Kansas and Colorado health organizations.

The North Korean hackers attacked these health organizations last year by encrypting their computer systems, disrupting health services for a long time. However, the US justice department has been able to detect the attacks and put the situation under control to prevent further hacks.

In addition, the department seized about half a million dollars, $500,000, in digital payment and cryptocurrency from ransomware attacks from these North Korean hackers.

The news came after the US issued a warning that China-based North Korean hackers are trying to hack into organizational systems to disrupt services for a prolonged period of time.

The Deputy Attorney General, Lisa Monaco, said they seized $500 000 would be distributed to the affected individuals, and efforts are made to curtail further attacks.

The Deputy Attorney General further urged other organizations to report any suspected ransomware attack. Although the department is bent on preventing ransomware attacks and retrieving already stolen digital assets, it did not deny the difficulty in doing so. Moreover, the department did not also deny ransomware attacks from other countries like Russia and Eastern Europe.

Previous Ransomware Attacks

North Korea is famous for developing protocols that enable them to steal digital assets worth millions of dollars. In March, they recently launched an attack on Harmony's Horizon Bridge and Axie Infinity's Ronin Bridge. They stole about $100 million worth of Eth from Harmony and a $620M breach against Axie Infinity's Ronin Bridge. A report says that Lazarus Group is responsible for the attacks on Harmony's Horizon Bridge and Axie Infinity's Ronin Bridge.

Recently, the FBI warned about fake Apps that have defrauded Crypto Investors for $42.7 Million

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