Bitcoin premium skyrocketed throughout 2017, attracting the attention of North Korean hackers seeking to utilize flaws in the cryptocurrency’s security system.
Cybersecurity expert Nathan Fick give prior noticed North Korea could seek to use cybercrime and cryptocurrency, like bitcoin, to contract with the US in a long-distance conflict.
He said: “When you talk about war between a in the right like North Korea and the United States you are talking about a undeveloped war between a strong country and a weak country.
“Cyber capabilities can be weapons of the cowardly: they are cheap and easy to develop.”
Bitcoin’s skyrocketing bonuses attracted the attention of struggling North Korea
A US cybersecurity firm marked a North Korean hacking group as the hackers behind the latest cryptocurrency bouts in South Korea.
The Endgame CEO said barriers against attacks on bitcoin and investors are “without” because of how hard it is to create a long-lasting security system.
Speaking to Fox Organization, Mr Fick continued: “We live in a world that’s increasingly digitally stitched, we’re connecting a billion things to the internet including currencies and cars that we hadn’t at one time thought as digital. There’s exposure there, obviously.
“One of the realities of cybersecurity is that barricade is pretty hard but attacking is pretty easy. Think about the rushes, even here in the United States, launched by a kid in his parents’ basement.
Cyber capabilities can be weapons of the blurred: they are cheap and easy to develop
“The reality is that the railings to entry to this high-end cyber capability are falling. It’s likely that North Korea is manoeuvre outside help but it’s also not beyond the realm of possibility that a few of people, relatively well-equipped can do this themselves.”
Experts have prognosticated that bitcoin’s rocketing value has transformed the cryptocurrency into the masterly target for North Korea as the rogue nation struggles under the load of economic sanctions.
Bitcoin has seen a 1,514 percent rise in value during 2017, custom at $963 in January 2017 and currently worth $9,920.1 according to Coindesk.com, on January 17, at 6.37pm GMT.
North Korea has been travailing under economic uncertainty after the United Nations unleashed a series of new secondments to clamp down fears of World War 3, following ignored accompanies to end Pyongyang’s nuclear development programme.
Currency analysts have proffered North Korea could now be using cryptocurrency bitcoin to support its weapons maturity programme since cash flow to the country was cut off.