Connect with us

Hi, what are you looking for?

Editor's Pick

Gov’t Servers in South Korean City ‘Infected with Crypto Mining Malware’

Source: iuliia_n/Adobe

Crypto mining malware has been found on two government servers in the South Korean city of Daejeon, an audit has found.

Per MBN, the nation’s Ministry of Public Administration and Security commissioned biannual audits of the city government’s servers.

During the most recent audit, in June last year, auditors found that Daejeon City’s “information system was infected with malicious code.”

The code, they said was “used for purposes such as virtual currency mining.”

Map adapted from work by TUBS. (CC BY-SA 3.0)

The auditors said they had found “a series of cyber breaches” on two of the city’s servers.

They said that one of the compromised servers was “infected with” mining malware that made use of “exposed” administrator account passwords.

Another server, they said, had been used “as a hacking transit point.” The point allowed attackers to “further infect” the network with crypto mining malware.

The city’s cyber response team said they had detected “abnormal” activities “within eight days.”

The team then quarantined the network and discovered the malicious code. It then reported details to the National Intelligence Service (NIS).

The NIS is South Korea’s top intelligence agency, and deals with breaches of public data.

The auditors, however, stated that a lack of “additional security measures” had allowed hackers to strike with impunity.

Police Catch South Korea’s ‘$3.5m Nursing Care Fund Crypto Thief’

Breaking down the details

— Cryptonews.com (@cryptonews) January 11, 2024

Security ‘Oversights’ Let Crypto Miners Hack South Korean Servers?

The audit team noted that the city had failed to use “secure” administrator account password protection.

And the team said that 98 of the city’s 467 information system server devices had “not undergone necessary annual diagnostic checks.”

South Korea seeks to choke off a potential flood of speculative cash heading to US spot Bitcoin ETFs, stoking confusion and hitting a slew of stocks https://t.co/mGR6r7xSxD

— Bloomberg Crypto (@crypto) January 15, 2024

The ministry ordered the Daejeon Mayoral Office to “thoroughly carry out related work” to “prevent the recurrence of similar cases in the future.”

In 2021, citizens in Seoul were shocked by the news that a government employee had been using city-provided energy to mine Ethereum (ETH) underneath the country’s most prestigious opera house.

Inspectors found the two ETH mining rigs with sophisticated graphics cards. The devices were connected to power outlets in a basement under the opera house’s Calligraphic Art Museum.

The post Gov’t Servers in South Korean City ‘Infected with Crypto Mining Malware’ appeared first on Cryptonews.

You May Also Like

Editor's Pick

Colorado-based pastor Eligio “Eli” Regalado and his wife, Kaitlyn, are facing legal action after allegedly defrauding investors of millions of dollars through the sale...

Economy

How can Forex crash? Forex market crash history Fact that the Forex is one of the most volatile and most profitable markets in the...

Stock

Enthusiasm is needed to drive an uptrend, but sometimes enthusiasm can go too far. That is why technical analysts like to use various sentiment...

Editor's Pick

As decentralized naming systems gain traction, Ethereum Name Service has seen ENS price double, leaving some FOMO investors asking is it too late to...

Disclaimer: happyretirementstories.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 happyretirementstories.com