- North Korean hackers are using fake Zoom calls to target cryptocurrency founders, tricking them into installing malware under the guise of technical issues.
- Multiple crypto entrepreneurs have reported encountering these scams, where attackers impersonate venture capitalists or investors to gain access to sensitive data.
What happened: Crypto founders targeted by North Korean hackers in fake Zoom scams
In recent days, at least three cryptocurrency founders have reported thwarting hacking attempts involving fake Zoom calls, allegedly orchestrated by North Korean cyber actors. According to cybersecurity expert Nick Bax, these scams typically begin with an invitation to discuss potential partnerships or investments via Zoom. During the call, the attackers simulate technical issues, displaying a stock video of a venture capitalist appearing disengaged. They then prompt the target to click on a link to a new call, which, when accessed, installs malware designed to extract sensitive information.
Also read: Ivanka Trump warns of fake crypto token
Also read: Trump signs order on crypto regulation and stockpile
Why it’s important
These incidents underscore the evolving tactics of North Korean hacking groups, particularly the Lazarus Group, known for targeting the cryptocurrency sector. By exploiting common business practices such as virtual meetings, these actors aim to infiltrate organizations and exfiltrate valuable data or funds. The sophistication of these social engineering attacks highlights the necessity for heightened vigilance among crypto entrepreneurs and firms. Implementing robust cybersecurity protocols, verifying the authenticity of unsolicited meeting requests, and educating staff about such deceptive practices are crucial steps in mitigating these threats.
