Rising cryptocurrency prices and renewed market interest coincide with increased North Korean hacking activity targeting exchanges such as Coinbase. North Korean IT workers attempt to exploit remote-work policies to gain employment and access sensitive systems, with a steady influx of new operatives. Coinbase requires in-person US orientation for all employees, restricts sensitive-access roles to US citizens, and mandates fingerprinting. The FBI issued an updated warning that North Korean IT workers generate illicit revenue by working with witting and unwitting accomplices, reshipping company laptops, attending virtual interviews on behalf of candidates, and setting up front businesses. Interview camera requirements and a new Charlotte facility aim to strengthen hiring security.
Armstrong highlighted the alarming trend of North Korean information technology (IT) workers attempting to exploit Coinbase's remote work policy to gain employment and access sensitive systems within the exchange. He noted that the threat posed by these hackers is escalating, reflecting a continuous influx of new talent emerging from North Korea. "It feels like there's 500 new people graduating every quarter from some kind of school they have," Armstrong remarked.
In response to these security concerns , Coinbase has mandated that all employees travel to the United States for in-person orientation. Additionally, anyone with access to sensitive information must be a US citizen and undergo fingerprinting. The FBI recently issued an updated warning regarding North Korean IT workers who engage with private companies to generate illicit revenue for the regime.
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