How North Korean Hackers Are Stepping Up Bitcoin Attacks

The video discusses North Korea's cyber espionage activities targeting cryptocurrency exchanges, particularly in South Korea, due to the rise in Bitcoin prices and tightening sanctions. It highlights techniques like spear phishing and the regulatory challenges in combating money laundering. The discussion emphasizes the impact of sanctions on North Korea's financial strategies and their adaptation to using cryptocurrencies for illicit activities.

What prompted North Korean cyber actors to shift their focus to cryptocurrency exchanges?

• The decline in traditional financial markets

• The appreciation of Bitcoin prices

• The introduction of new cryptocurrency regulations

• Increased security in traditional banks

Which technique is commonly used by North Korean cyber actors to infiltrate South Korean exchanges?

• Brute force attacks

• Denial of service attacks

• Spear phishing

• Social engineering

Why are cryptocurrencies attractive to nation states like North Korea?

• They offer higher returns on investment

• They are universally accepted

• They have fewer anti-money laundering controls

• They are more stable than traditional currencies

How do international sanctions influence North Korea's cyber activities?

• They reduce the need for cyber espionage

• They force North Korea to find creative financial solutions

• They increase North Korea's reliance on traditional banks

• They have no impact on North Korea's cyber activities

What are the two macro drivers of North Korea's focus on cryptocurrency?

• Increased international trade and technological advancements

• Appreciation of cryptocurrencies and tightening of sanctions

• Decline in traditional banking and increased cyber security

• Introduction of new cryptocurrencies and global economic growth