G7 Leaders Discuss Cyber Threats from North Korea at Upcoming Summit

AI Summary

According to BlockBeats, G7 leaders are expected to discuss at the upcoming summit in Canada the escalation of threats arising from cyberattacks supported by North Korea and cryptocurrency theft. Sources indicate that North Korea's use of cybercrime to fund its regime has raised significant concern. White House officials had previously reported that North Korea finances its military weapons program through cryptocurrency theft.

Data from blockchain analysis company Chainalysis shows that in 2024, North Korean hackers stole $1.34 billion through 47 attacks, accounting for 61% of the world's cryptocurrency theft that year. The company emphasizes the increasing complexity of hacking methods, which is making it more difficult to trace stolen funds.#CYBER $ETH