North Korean hacker group Lazarus is using Telegram to steal cryptocurrency

Jan 9, 2020👎Bearish

A hacking group believed to be from North Korea is reportedly stepping up its game to continue its cryptocurrency stealing campaigns.

According to Kaspersky, the hacking group is taking "more careful steps" and is employing "improved tactics and procedures" to steal cryptocurrency.

The fake companies have websites complete with links to equally fake Telegram trading groups. Researchers say Lazarus is now using messaging app Telegram - popular in the cryptocurrency community - as one of its key attack vectors.

The researchers say they’ve identified several victims, based in the UK, Poland, Russia, and China. Several of these victims were confirmed to be cryptocurrency businesses.

According to a UN report published last August, North Korean hackers were thought to have stolen $2 billion by hacking foreign financial institutions and cryptocurrency exchanges.

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