Technology

North Korea crypto hackers tap ChatGPT, Malaysia road money siphoned: Asia Express

Posted on by Minakshi

North Korean Hackers Employ AI for Crypto Heists, Malaysian Funds Diverted to Digital Assets

AI-Powered Automation Amplifies North Korean Cybercrime

Reports from South Korea indicate that North Korean state-sponsored hacking groups are leveraging artificial intelligence (AI) tools, like ChatGPT, to automate cryptocurrency theft. This marks a significant escalation in their cybercrime tactics, potentially impacting global digital asset security.

Details of the AI-Driven Hacking Scheme

Lee Seul-gi, a leading researcher at the Korea Internet & Security Agency (KISA), revealed that these attackers are utilizing AI-configured scripts to automatically transfer cryptocurrency to their own wallets. The scripts are reportedly triggered when a victim’s balance exceeds $200 (approximately ₹16,600), making even relatively small accounts vulnerable.

  • The findings were presented at a security conference in Seoul.
  • Investigators analyzed 39 virtual server images seized in September.
  • This suggests a sophisticated and widespread operation.

This development raises concerns about the increasing sophistication of cyberattacks and the need for enhanced cybersecurity measures to protect digital assets.

Malaysian Road Funds Allegedly Siphoned into Cryptocurrency

Separate reports suggest that funds allocated for road construction and maintenance in Malaysia have been illicitly diverted into the cryptocurrency market. This alleged misappropriation of public funds raises serious questions about transparency and accountability in government spending.

Implications for Infrastructure Development

The alleged siphoning of infrastructure funds into cryptocurrency could have significant consequences for Malaysia’s road network. Delaying or hindering road projects impacts:

  • Economic growth
  • Connectivity between regions
  • The safety and efficiency of transportation

Further investigation is warranted to determine the extent of the misappropriation and to hold those responsible accountable.

Summary:

  • North Korean hackers are using AI tools like ChatGPT to automate cryptocurrency theft.
  • AI scripts transfer funds when a victim’s balance exceeds $200.
  • Malaysian road construction funds have allegedly been diverted into cryptocurrency.
Key Takeaways:

  • The use of AI in cybercrime is a growing threat, requiring proactive cybersecurity strategies.
  • Even small cryptocurrency holdings are vulnerable to sophisticated AI-driven attacks.
  • Governments need to strengthen oversight of public funds to prevent misappropriation.
  • International cooperation is crucial to combat state-sponsored cybercrime activities.
  • Transparency and accountability are paramount in infrastructure projects to ensure funds are used appropriately.