Bitcoin (BTC): Are North Korean Hackers Targeting Health Services?

This week, the US Department of Justice confiscated about $500,000 worth of bitcoins from North Korean hackers. They used Maui ransomware (aka ransomware) to attack healthcare organizations in the United States. Ransomware is malicious software that takes personal data hostage. To do this, ransomware encrypts personal data. He then asks their owner to send money in exchange for a key that will allow them to be decrypted.

$500,000 in Bitcoin (BTC) to be redistributed to hack victims

The US Department of Justice has filed a lawsuit in the District of Kansas demanding the return of stolen bitcoins to the victims of the attacks. These are health care providers from Kansas and Colorado.

US healthcare organizations most vulnerable to ransomware attacks

While ransomware is a new phenomenon, healthcare organizations are the most vulnerable. Ransomware attacks on healthcare facilities increased by 94% between 2021 and 2022, according to a report from cybersecurity firm Sophos. In 2021, more than two-thirds of healthcare organizations in the US were attacked by ransomware. In 2020, this percentage was 34%.

Health organizations, ideal targets for hackers

These healthcare organizations are targeted because their data pays off. According to Experian, healthcare data generates huge profits. The records cost $1,000 each, which is significantly higher than credit card reports, which cost $5-$10 on the black market. Experian is a data and relationship management tool company with a focus on credit risk, fraud prevention, and more.

Cryptocurrencies are ubiquitous in darknet markets. They are also known to be sometimes used for illegal online transactions. Fortunately, the US authorities responded and $500,000 in bitcoin was seized. These incidents make us think about the vulnerabilities and risks of new Web3.0 infrastructures. As well as the illegal use of blockchain technology and cryptocurrencies.

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Avatar by Gregory Morata

Gregory Morath

The student is passionate about entrepreneurship and fascinated by the technologies behind cryptography! Yes, I am convinced that they are closely related: blockchain and NFT are revolutionizing many industries and opening up unprecedented opportunities.

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