Crypto needs dual wallet management, AI monitoring for North Korean hackers

Cybersecurity experts emphasize the necessity for cryptocurrency companies to enhance their defenses against North Korean hackers, particularly those infiltrating Web3 businesses. Hiring North Korean developers could expose crypto projects to severe risks, as illustrated by a recent breach costing a major exchange up to $400 million in potential reimbursements. Experts suggest implementing dual wallet management—requiring multiple signatures for transactions—and real-time AI monitoring to detect and prevent exploits. They highlight the role of artificial intelligence in recognizing anomalies during hiring processes and safeguarding sensitive information. The recent infiltration of crypto firms by North Korean operatives further underscores the urgency for these enhanced security measures, as they could effectively curb attempts to steal funds and data. Organizations are urged to adopt proactive cybersecurity strategies, especially following high-profile incidents like the Coinbase breach, to safeguard their operations against such threats.

Source 🔗