North Korean hackers Labyrinth Chollima is behind a spate of hacks to steal crypto from the clients of JumpCloud, a US IT company.
The group sent JumpCloud customers an email asking them to change their credentials as part of an “ongoing incident.”
North Korean Hackers Stepping up Their Game
Colorado-based JumpCloud acknowledged the Labyrinth breach last week, tracing it back to June 27. It is working with cybersecurity firm CrowdStrike Holdings to uncover details of the hack.
So far, there have been no confirmations of actual crypto theft.
Security experts say these kinds of attacks targeting multiple companies are a new phenomenon. Previously, hackers from Pyongyang were satisfied targeting one company at a time.
Tom Hegel, a cybersecurity researcher unrelated to the investigation, said of the breach,
“North Korea in my opinion is really stepping up their game.”
On Wednesday, France’s Autorité des marchés financiers (AMF) approved Société Générale’s digital asset provider license. France’s finance watchdog requires digital asset service providers to have insurance for customer deposits or a certain percentage of capital to qualify for a license.
Read here how to protect your crypto from theft and breaches.
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Author: David Thomas
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