North Korean exchanges in South Korea are vulnerable to Crypto efforts to evade international sanctions and finance its nuclear programmes via cyber attacks. With the latter feeling the effect of punishments, it has identified digital assets as a means of raising funds, according to a report by UK security think tank Carlisle and Izenman . It pointed to North Korea ’s suspected hijacking of South Korea ’s crypto market, and the Monday WannaCry global ransomware attack. But the report's authors stressed that Southeast Asian countries need to take a series of measures, including assessing their risks and weaknesses in relation to North Korea, coordinating a regional regulatory response and beefing up law enforcement training to reduce their vulnerability — some of which they noted are already under way. Limited regulation throughout southeast Asia ’s cryptocurrency sector makes it vulnerable, with the region’s banks already a target of North Korea ’s hackers.
North Korean exchanges in South Korea are vulnerable to Crypto efforts to evade international sanctions and finance its nuclear programmes via cyber attacks. With the latter feeling the effect of punishments, it has identified digital assets as a means of raising funds, according to a report by UK security think tank Carlisle and Izenman . It pointed to North Korea ’s suspected hijacking of South Korea ’s crypto market, and the Monday WannaCry global ransomware attack. Limited regulation throughout southeast Asia ’s cryptocurrency sector makes it vulnerable, with the region’s banks already a target of North Korea ’s hackers.