NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, XRP, Ethereum Dip Post Fed's Rate Cut: What’s Next For Crypto?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, XRP, Ethereum Dip Post Fed's Rate Cut: What’s Next For Crypto?

New North Korea Hack Shows Enterprises Need The Blockchain

newsbtc
newsbtc
Last Updated: June 11, 2024 1:28 pm
2 mins read
North Korea Hack Blockchain

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The war between North Korea and South Korea is still going on behind the scenes to this very day. A new report surfaced as to how North Korean hackers stole data of over 10 million South Korean shoppers. While these claims have yet to be proven, the police are investigating the data breach. Once again, this is a clear example of how more secure solutions are needed to safeguard consumer data.

North Korea Responsible For A New Data Breach?

Preliminary reports seem to indicate North Korea is behind the theft of millions of consumer records. The evidence pointing in this direction comes in the form of expressions used by the hacker. Apparently, a South Korean online shopping platform has been breached, resulting in 10 million personal records being stolen.

Furthermore, the South Korean police, who are investigating this matter, claims the digital breadcrumbs lead to the North Korean spy agency. A specific IP address has been detected, as well as used codes, which related to previous attacks by North Korea against their Southern neighbors.

Even though South Korean officials have been on high alert in the cyber division, not every attack can be thwarted. North Korea began its nuclear tests again about a year ago and has been sanctioned by the UN about their missile launch in February of this year. Something is going on in that country, yet it is everybody’s guess as to what will be next.

But the threats by North Korea extend to the cyberspace department as well. South Korean officials claim the North has “an effective cyber army”, which has been responsible for various attacks over the past few years. It would not be entirely surprising if these hackers were behind the data theft of millions of consumer details.

At the same time, this begs the question as to why companies are still using archaic databases for storing vital records. Or to be more precise, why these records can be accessed through the Internet with relative ease. Either store the data offline or step up the data storage infrastructure with newer technologies, such as the blockchain.

Unlike traditional centralized data storage solutions, the blockchain can be used in a decentralized and distributed manner. It would still be possible to access records conveniently, but not all of the details would be kept in one place. Additional security features could be added on top of such a solution, such as requiring a particular token to access data.

Source: SCMP

Header image courtesy of Shutterstock

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Best Crypto Presales to Buy as Pump.fun and Virtuals Protocol Suffer in Market Dump

Best Crypto Presales to Buy as Pump.fun and Virtuals Protocol Suffer in Market Dump

What to Know: Pump.fun and Virtuals Protocol have seen sharp declines, losing nearly 20% and 15%, respectively, in recent sell-off....

Elena Bistreanu 2 hours ago
dYdX

dYdX Eyes US Market Entry: Decentralized Crypto Exchange Plans Year-End Debut, Reuters

dYdX (DYDX), one of the leading decentralized cryptocurrency trading platforms in the industry, is reportedly preparing to enter the US...

Ronaldo Marquez 6 hours ago
BTC, Bitcoin

Bitcoin (BTC) November Rally At Risk? Analysts Say This Week’s Close Holds The Key

Despite the Federal Reserve (Fed)’s announcement of a 25-basis-point rate cut, Bitcoin (BTC) has dropped nearly 4% in the past...

Rubmar Garcia 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

τα futures Solana XRP

Τα futures σε Solana και XRP της CME αγγίζουν τα $3 δισ. – Το PEPENODE πλησιάζει τα $2 εκατ. με μοντέλο Mine-to-Earn

Ιωάννης Ριζόπουλος 1 hour ago
Bitcoin

Bitcoin Drop Shaves $5 Billion From Satoshi Nakamoto’s Untouched Fortune

Christian Encila 2 hours ago
kcex-trading-showdown-21000-usdt-bonus-10pct-deposit

KCEX推出Trading Showdown活動 為新用戶提供21,000 USDT獎勵與10%入金加碼

Kelvin Lee 3 hours ago

Premium Sponsors

Press Releases

  • Najlepsza przedsprzedaż krypto: Trump ułaskawia CZ z...

    15 minutes ago
  • Nejlepší krypto předprodej: Trump omilostnil zakladatele...

    2 hours ago
  • Najbolja kripto pretprodaja: Trump pomilovao osnivača...

    2 hours ago
  • Best Meme Coins to Buy Now

    Các Meme Coin Tiềm Năng Nên Mua Hiện Nay...

    2 hours ago
  • 市場不安とボラティリティの中で見える次の展開

    パイネットワーク...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.