Gotcha! Over $2 Billion Stolen in Cryptocurrency Heists this Year - On Pyongyang's Orders, IT Firms Infiltrated
Infiltrators from North Korea breach your website for cyber theft.
Dive into the world of digital currency where a whopping $2.2 billion has been swiped by cunning hackers this year, according to Chainalysis' annual report, a leap of 20% from the previous year! Not so shockingly, the number of heists also swelled from 282 to 303.
Now, here's something that gets your attention - the amounts may not meet the heights of 2021 and 2022, when the hoodlums made off with around $3.3 billion and $3.7 billion respectively, but hey, it's still BIG money.
Put on your investigative hats - these heists are believed to be ordered by none other than Pyongyang, or North Korea, who are infamous for cyber espionage worldwide.
So, what's the pull for these IT companies? Well, consider them the fancy dinner party where hackers are the guests of honor. They're infiltrating these companies to gain access to precious digital currency infrastructure.
Here's the sobering part - Tech companies are standing in the crosshairs due to the rising demand for cybersecurity as a result of the spike in cryptocurrency theft and related cybercrimes. The uptick in phishing and ransomware attacks places immense pressure on these companies to strengthen their defenses, both for their own sake and their client's.
[Fun Fact: The FBI's 2024 Internet Crime Report states that cryptocurrency-related scams contributed significantly to losses, with investment fraud involving cryptocurrency amounting to over $6.5 billion in 2024!]
[Curious Connection: A surge in cryptocurrency hacks during Q1 2025 resulted in over $1.77 billion being stolen, suggesting a continuous rise in such cybercrimes over the past few years.]
[It's worth noting that increased cyber threats impact not just the cryptocurrency sector, but IT companies as well. The rising need for robust cybersecurity measures to cope with these threats is a pressing concern.]
- The increase in cryptocurrency heists has resulted in a growing demand for cybersecurity in technology companies, as the rising number of phishing and ransomware attacks weaknesses their defenses.
- The FBI's 2024 Internet Crime Report indicated that cryptocurrency-related scams significantly contributed to losses, with investment fraud involving cryptocurrency amounting to over $6.5 billion.
- IT companies are infiltrated by hackers under Pyongyang's orders, not just for cryptocurrency, but also due to the increasing need for robust cybersecurity measures to counteract the ever-evolving cyber threats that affect both the cryptocurrency sector and technology firms as a whole.
