The Lazarus Group, a North Korean hacker syndicate, targeted a cryptocurrency exchange using new malware named “Kandykorn”. Blockchain engineers were enticed to download a fraudulent “profitable arbitrage bot”, which was actually a five-stage malware deployment process, leading to the infiltration of the Kandykorn Trojan. The group was linked to numerous crypto hacks throughout 2023, with stolen assets reportedly amounting to nearly $240 million.
“An Expensive Problem”: Cracking the Cyber Insurance Conundrum
Rampant ransomware attacks have hit the healthcare industry, with incidents increasing by more than 600%, costing an average of $10 million per breach. This has
