Bitcoin (BTC): North Korean hackers target health services?

This week, the US Department of Justice seized approximately $500,000 worth of Bitcoin from North Korean hackers. These use Maui ransomware (so-called ransomware) to attack healthcare organizations in the United States. Ransomware is malicious software that takes personal data hostage. To do this, ransomware encrypts personal data. Then, he asks their owner to send the money in exchange for the key that will allow them to be deciphered.

The $500,000 in Bitcoin was to be redistributed to victims of hacker attacks

The US Department of Justice has filed a lawsuit in the District of Kansas asking that the bitcoin taken be returned to the victims of the attacks. These are health care providers based in Kansas and Colorado.

US Healthcare Organizations Most Vulnerable to Ransomware Attacks

While ransomware is a new phenomenon, healthcare organizations are the most vulnerable. The number of ransomware attacks against healthcare institutions increased by 94% between 2021 and 2022, according to a report by cybersecurity firm Sophos. More than two-thirds of healthcare organizations in the United States experienced a ransomware attack in 2021. In 2020, that percentage was 34%.

Health organizations, ideal targets for hackers

These health organizations are targeted because their data pays off big time. According to Experian, healthcare data is hugely lucrative. The records cost $1,000 each, which is significantly higher than credit card reports that cost $5-10 each on the black market. Experian is a data and customer relationship management tools company, particularly focused on credit risk, fraud prevention, etc.

Cryptocurrencies Are Pervasive in Dark Web Markets. They are also known to be sometimes used for illegal online operations. Fortunately, the American authorities were reactive and the 500,000 dollars in bitcoins have been seized. These incidents make you think about the vulnerability and risks new Web3.0 infrastructures. As well as the illegal uses of blockchain technology and cryptocurrencies.

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Avatar Gregoire Morat

Gregory Morat

Student passionate about entrepreneurship and fascinated by the technologies behind cryptos! Yes, I am convinced that the two are intimately linked: blockchain and NFTs are revolutionizing many sectors and presenting unprecedented opportunities.

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