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The second day of InfoSecurity Europe 2022 noticed Geoff White, investigative journalist and writer of Penguin Books’ The Lazarus Heist, talk about how government-sponsored cyber-attackers more and more work together with organized crime gangs, working seamlessly on a worldwide scale. White additionally touched upon the rising world of cryptocurrency theft.

In illuminating the rising connection between cybersecurity and geopolitical points, White started by analyzing and contextualizing The Lazarus Group, which stands accused of finishing up a decade of cyber-attacks on behalf of the North Korean authorities. White continued by stating that North Korea is a singular case in cyber criminality, as whereas most hackers search a strategic benefit through the hacking of knowledge, North Korea sponsors cyber-attackers to hack particularly for cash. That is because of the worldwide sanctions imposed on the nation and the monetary isolation it finds itself in, which means that North Korean authorities hackers are more and more aligning with organized criminals to gasoline the nation’s financial system.  

White’s speak carried on with a collection of related case research, together with the current Cosmos Cooperative Financial institution and Financial institution of Valletta cyber theft incidences, each of which have been linked to the North Korean authorities, demonstrating the uptick in state-funded cyber hackers working intently with organized criminals.

The session completed with some key takeaways, with White emphasizing that cryptocurrency is the “comfortable underbelly” of the monetary system that’s being more and more focused, with stolen funds used for nefarious ends, and that there’s a rising development of organized criminals stepping into mattress with nation-state hackers. These evolutions in cyber house current new challenges, each in cybersecurity and geopolitics. 

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