Cybersecurity

North Korean Hackers Hijack Computers to Mine Cryptocurrencies

  • New hacking group linked to North Korea behind Monero mining
  • Hacking attacks focused primarily on financial gain in 2017
North Korean Hackers Target Cryptominers
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North Korean hackers are hijacking computers to mine cryptocurrencies as the regime in Pyongyang widens its hunt for cash under tougher international sanctions.

A hacking unit called Andariel seized a server at a South Korean company in the summer of 2017 and used it to mine about 70 Monero coins -- worth about $25,000 as of Dec. 29 -- according to Kwak Kyoung-ju, who leads a hacking analysis team at the South Korean government-backed Financial Security Institute.