SIM Swaps, Other Crypto-related Crimes Set to Rise in South Korea, Says SK - Aliens: AI Crypto News & Markets Updates
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SIM Swaps, Other Crypto-related Crimes Set to Rise in South Korea, Says SK

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Cryptonews

Fri, Jun 24, 2022

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Per News1, the company stated that as of January this year, the company had seen evidence of SIM swap attacks taking place – with criminals specifically targeting mobile phone users who have crypto holdings.

SK Shieldus claimed that these “re-branding” drives were a sign that such groups would “become more active.” Some groups, the firm said, were now preparing the “launch” of “a variety of attacks.” SK Shieldus added that “hacking” attacks on a number of crypto targets would expand in H2, with more DeFi targets already in criminals’ crosshairs.

They are prepared to share their income with these developers.” The firm concluded that companies should keep an eye on the LockBit ransomware gang, which began to step up its activity in September 2019 – when it launched so-called ransomware-as-a-service (RaaS) operations.

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