Coinbase, the third-largest cryptocurrency exchange globally, is facing threats from North Korean hackers seeking remote jobs. These hackers are exploiting Coinbase's remote work policy to access sensitive systems. In response, CEO Brian Armstrong is reevaluating security protocols, mandating in-person training for all employees in the U.S. and requiring U.S. citizenship and fingerprinting for those with access to sensitive data. Armstrong noted that North Korea is keen on stealing cryptocurrency and mentioned that many operatives are coerced into compliance due to threats against their families. This comes amid a surge in North Korean cyber activities, including a June incident where four operatives stole $900,000 from various crypto firms. Additionally, Coinbase recently reported that less than 1% of its users were affected by a data breach, which could cost the company up to $400 million in reimbursements. The breach raised concerns about the potential risks to users, including exposure of personal information. Read more AI-generated news on: https://app.chaingpt.org/news

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