New Story: North Korean Hacker Caught Posing as IT Job Applicant at Kraken
Crypto Exchange Job Applicant, Claimed Identity as 'Steven Smith', Suspected North Korean Hacker Caught by Kraken: Report
Hold on to your cryptocurrencies, folks! Kraken, one of the top crypto exchange platforms globally, has reportedly got its eye on a North Korean hacker pretending to be "Steven Smith" to bag an IT job.
According to CBS News, Nick Percoco - Kraken's chief security officer - spilled the beans on this nerve-wracking incident. The plot thickens with the hacker suspected of working on behalf of Kim Jong Un, the North Korean leader. Instead of outright rejecting the application, Percoco reveals a cunning plan: "We like to look the attackers right in the eyes... The job is to start employment, steal intellectual property, and pilfer money from companies - take home a paycheck, and do it in a widespread way."
During the job interview at Kraken, Steven Smithlanded himself in hot water. He was asked to present his identification card, claiming to be from Houston. After a delay, he produced a driver's license screenshot, showing that "Stephen Smith" resided 300 miles away, cry zones for skeptics![1] And that's not all; Fortune reported that Smith claimed to have a degree in computer science from New York University and over a decade of experience at US tech giants like Cisco and Kindly Human.[2]
In today's digital age, cybercriminals like these guys are a constant threat. The UN estimates that North Korea amasses between $250 million and $600 million yearly by deceiving foreign companies into employing their spies.[3] So, it pays to keep your guard up during these tough times.
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- As Kraken and other crypto exchanges face increased cybersecurity threats, the importance of implementing secure blockchain technology to safeguard altcoins and cryptocurrency assets becomes paramount.
- In this digital age, where cyberattacks by hackers working for foreign governments can infiltrate even prominent companies like Kraken, it's crucial to invest in cutting-edge technology and AI systems to maintain financial stability and protect intellectual property.
- Recent reports suggest that North Korea amasses significant funds annually by deceiving companies into employing their spies, emphasizing the need for enhanced due diligence and rigorous verification processes in the cryptocurrency finance sector.
