North Korean hackers targeting global financial institutions: U.S. Govt cyber alert

In a significant development, the U.S. government has issued a warning saying, North Korean hackers are increasingly targeting banks around the globe for fraudulent money transfers; they are also targeting ATMs to illegally withdraw cash. The technical cyber security alert was jointly given by four different federal agencies, including the Treasury Department and FBI. They…

South Korea’s Youbit announces bankruptcy following 2nd hacking attack this year

While the 1st attack has been linked to North Korea’s spy agency, South Korea’s KISA along with local law enforcement agencies have begun investigating the hack in which 4,000 bitcoins were stolen. On Tuesday, Youbit, a South Korean cryptocurrency exchange disclosed, it was shutting down for bankruptcy following a second hacking attack this year. The…