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US, South Korea conducting joint research to block North Korean crypto heists
In 2024, North Korean hackers stole $1.34 billion worth of cryptocurrency across 47 cyberattacks. In response, South Korea and the United States have initiated joint research to enhance defenses against such heists. This collaboration, formalized through a technical annex with the U.S. Department of Homeland Security, aims to develop technologies to prevent attacks on cryptocurrency platforms and track stolen assets. The initiative involves researchers from institutions like Korea University and the RAND Corporation, focusing on countering North Korea's sophisticated cybercrime tactics. The South Korean Ministry of Science plans to support this research until 2026. This effort underscores the commitment of both nations to bolster cybersecurity and safeguard digital financial systems.
US, South Korea conducting joint research to block North Korean crypto heists
In 2024, North Korean hackers stole $1.34 billion worth of cryptocurrency across 47 cyberattacks. In response, South Korea and the United States have initiated joint research to enhance defenses against such heists. This collaboration, formalized through a technical annex with the U.S. Department of Homeland Security, aims to develop technologies to prevent attacks on cryptocurrency platforms and track stolen assets. The initiative involves researchers from institutions like Korea University and the RAND Corporation, focusing on countering North Korea's sophisticated cybercrime tactics. The South Korean Ministry of Science plans to support this research until 2026. This effort underscores the commitment of both nations to bolster cybersecurity and safeguard digital financial systems.