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North Korea Halts Nuclear And Missile Tests

Pyongyang also says it plans to close nuclear test site as summit between North and South to be held on Friday.

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Kim Jong Un
FILE IMAGE- Kim Jong Un (IANS)
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North Korean leader Kim Jong-un has announced the immediate suspension of nuclear and missile tests, media reports said on Saturday.

“From April 21, North Korea will stop nuclear tests and launches of intercontinental ballistic missiles,” Efe quoted Kim as saying.

North Korea will also “shut down a nuclear test site in the country’s northern side to guarantee transparency in suspending nuclear tests,” the report added.

Having established a nuclear deterrent, North Korea can now turn to overhauling its economy, Kim said.

North Korean leader.
FILE – North Korean leader Kim Jong Un watches the launch of a Hwasong-12 missile in this undated photo released by North Korea’s Korean Central News Agency (KCNA). VOA

Pyongyang’s move comes ahead of Kim’s April 27 summit with South Korean President Moon Jae-in in the demilitarized zone that separates the two countries.

The last in-person talks between the leaders of North and South Korea took place 11 years ago.

What will be the first-ever encounter between the leaders of North Korea and the US is expected to happen in late May or early June.

Also Read: Meaning of Denuclearization For North Korea

US President Donald Trump, who accepted Kim’s proposal for a meeting after months that saw the two men trade insults and threats, hailed the announcement from Pyongyang.

“North Korea has agreed to suspend all Nuclear Tests and close up a major test site. This is very good news for North Korea and the World — big progress! Look forward to our Summit,” Trump wrote on Twitter.  IANS

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$571 Mn In Cryptocurrency Stolen By North Korean Hacker Group

The Lazarus cybercrime group launched a highly sophisticated Bitcoin-stealing phishing campaign -- HaoBao -- which targeted global financial organisations and Bitcoin users.

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Although fears of a blanket block on services have not materialized, industry experts say VPN connections often face outages Pixabay

Amid growing crypto-jacking episodes, a North Korean hacking group called Lazarus has stolen cryptocurrencies worth more than half a billion dollars.

According to The Next Web that cited findings from the annual report of cybersecurity vendor Group-IB late on Friday, Lazarus was behind 14 hacking attacks on cryptocurrent exchanges since January 2017 — stealing $571 million.

Lazarus is a hacking group which has been linked to a string of attacks against everything from banks to government agencies across the world.

Hackers targeted cryptocurrency exchanges with spear phishing, social engineering, and malware.

Cryptocurrency
Experts: Cyber attacks Growing Increasingly Sophisticated. Pixabay

“Spear phishing remains the major vector of attack on corporate networks. For instance, fraudsters deliver malware under the cover of CV spam [with an attachment] that has a malware embedded in the document,” the findings showed.

Group-IB expects the number of targeted attacks on cryptocurrency exchanges to rise, and not just the ones from Lazarus.

Nearly 10 per cent of the total funds raised by Initial Coin Offering (ICO) platforms over the past year and a half have been stolen.

According to the report, large phishing groups are capable of stealing $1 million a month.

Fraudsters are even building fake websites using stolen cryptocurrency project descriptions and plagiarized white papers.

bitcoin-, Cryptocurrency
You cannot expect to rush into cryptocurrency trading and think you will make a huge
investment worth millions. Pixabay

“Fraudulent phishing-schemes involving crypto-brands will only get more complex as well as cybercriminals’ level of preparation for phishing attacks,” the group warned.

Security researchers have claimed that North Korea-based advanced persistent threat (APT) groups are increasingly attacking financial institutions and Bitcoin exchanges.

There were on average five new threat samples every second that resulted in a massive 629 per cent growth in cryptojacking and other cryptocurrency mining malware in the first quarter of 2018.

The coin miner malware grew a stunning 629 per cent to 2.9 million in the first quarter of 2018, from around 400,000 total known samples in Q4 2017, said a recent report from global cyber security firm McAfee.

Also Read: Is Investing in Bitcoin Safe? Get The Basics First

The Lazarus cybercrime group launched a highly sophisticated Bitcoin-stealing phishing campaign — HaoBao — which targeted global financial organisations and Bitcoin users.

When recipients open malicious email attachments, an implant would scan for Bitcoin activity and establishes an implant for persistent data gathering and crypto mining. (IANS)