FBI warns over North-Korea’s ‘Hidden Cobra’ crypto malware division

Given the fact that the world is quite pre-occupied with stopping the spread of Covid-19 and finding a possible vaccine, the North Korean leadership realizes that no one is watching them of course.

They are therefore apparently broadening their crypto malware divisions.

In a new warning released this week by the US Treasury, Homeland Security and the FBI, people are urged to watch out for malware hackers from North Korea demanding crypto payment. The FBI claims it is above all imperative to urgently stop North Korea’s illicit cyber activities and subsequent money stream to obstruct the authoritarian regime’s plan to further develop weapons of mass destruction as the world fights a pandemic.

The FBI’s release stated that: “ The DPRK’s malicious cyber activities threaten the United States and the broader international community and, in particular, pose a significant threat to the integrity and stability of the international financial system. Under the pressure of robust U.S. and UN sanctions, the DPRK has increasingly relied on illicit activities – including cybercrime – to generate revenue for its weapons of mass destruction and ballistic missile programs.”

Hidden Cobra

The US government is of course doing itself no favors by assigning a rather cool name to the North Korean cyber crime campaign. In the FBI documents they are referred to as the “Hidden Cobra” division and are blamed for the WannaCry and Malware attacks which infiltrated hundreds of thousands of computers, holding data hostage until a ransom in Bitcoin was paid.

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