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North Korea To Use Same Time Zone As South Korea From May 5

Pyongyang to unify time zone with Seoul from May 5

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North Korean leader Kim Jong Un, left, and South Korean President Moon Jae.
North Korean leader Kim Jong Un, left, and South Korean President Moon Jae. VOA
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North Korea will unify its time zone with South Korea’s starting from May 5 in a bid to promote the two countries’ reconciliation, Pyongyang’s state media said Monday.

During a historic summit with President Moon Jae-in on April 27, North Korean leader Kim Jong-un said that his country will move its clock 30 minutes forward, back to the same time as in the South, reports Yonhap News Agency.

North Korea decided to push back its standard time by 30 minutes in August 2015, claiming the move was aimed at removing the vestige of Japan’s 1910-45 colonial rule of the Korean Peninsula.

The two Koreas previously used an identical standard time, set in the period.

The Presidium of the Supreme People’s Assembly, North Korea’s parliament, has decided to adopt a decree on synchronizing the country with Seoul’s time zone starting this Saturday, according to Pyongyang’s Korean Central News Agency (KCNA).

Kim jong Un
Kim Jong-un is the Supreme leader of North Korea. IANS

Kim said the move to unify the time zone is “the first practical step for national reconciliation and unity”, according to KCNA.

“Noting that it was a painful wrench to see two clocks indicating Pyongyang and Seoul times hanging on a wall of the summit venue, he proposed unifying the times of the north and the south before doing anything else,” KCNA quoted Kim as saying.

Moon’s chief press secretary Yoon Young-chan told reporters about Kim’s surprise proposal on Sunday.

Re-setting the standard time was a verbal promise by Kim, not an issue that was agreed upon at last week’s summit.

Also Read: Trump Won’t Let North Korea ‘Play him’

But the North’s swift announcement apparently reflects its resolve to improve ties with Seoul and implement a set of inter-Korean summit agreements, reports Yonhap News Agency.

“The move seems to indicate Chairman Kim’s active willingness for improving inter-Korean relations and seeking harmony with the international community. It also shows the country’s resolve to implement inter-Korean agreements at a fast pace,” Baik Tae-hyun, spokesman at Seoul’s Unification Minister, told a press briefing on Monday.

Moon and Kim held the summit at the border village of Panmunjom and agreed to seek “complete” denuclearisation of the Korean Peninsula and push for declaring an end to the 1950-53 Korean War this year.

On Sunday, North Korea offered to close down its nuclear test site in Punggye-ri also in May.  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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VPN
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)