Horizon Bridge | Breaking Cybersecurity News | The Hacker News

The U.S. Federal Bureau of Investigation (FBI) on Monday confirmed that North Korean threat actors were responsible for the theft of $100 million in cryptocurrency assets from  Harmony Horizon Bridge  in June 2022. The law enforcement agency attributed the hack to the  Lazarus Group  and APT38 (aka BlueNoroff, Copernicium, and Stardust Chollima), the latter of which is a North Korean state-sponsored threat group that specializes in financial cyber operations. The FBI further stated the Harmony intrusion leveraged an attack campaign dubbed  TraderTraitor  that was disclosed by the U.S. Cybersecurity and Infrastructure Security Agency (CISA) in April 2022. The modus operandi entailed utilizing social engineering tricks to deceive employees of cryptocurrency companies into downloading rogue applications as part of a seemingly benign recruitment effort. "On Friday, January 13, 2023, North Korean cyber actors used RAILGUN, a privacy protocol, to laun...

The notorious North Korea-backed hacking collective Lazarus Group is suspected to be behind the recent $100 million altcoin theft from Harmony Horizon Bridge, citing similarities to the  Ronin bridge attack  in March 2022. The finding comes as Harmony  confirmed  that its Horizon Bridge, a  platform  that allows users to move cryptocurrency across different blockchains, had been breached last week. The incident involved the exploiter carrying out multiple transactions on June 23 that extracted tokens stored in the bridge and subsequently making away with about $100 million in cryptocurrency. "The stolen crypto assets included Ether (ETH), Tether (USDT), Wrapped Bitcoin (WBTC) and BNB," blockchain analytics company Elliptic  said  in a new report. "The thief immediately used Uniswap – a decentralized exchange (DEX) – to convert much of these assets into a total of 85,837 ETH." Days later, on June 27, the culprit is said to have begun moving f...

As SaaS providers race to integrate AI into their product offerings to stay competitive and relevant, a new challenge has emerged in the world of AI: shadow AI.  Shadow AI refers to the unauthorized use of AI tools and copilots at organizations. For example, a developer using ChatGPT to assist with writing code, a salesperson downloading an AI-powered meeting transcription tool, or a customer support person using Agentic AI to automate tasks – without going through the proper channels. When these tools are used without IT or the Security team's knowledge, they often lack sufficient security controls, putting company data at risk. Shadow AI Detection Challenges Because shadow AI tools often embed themselves in approved business applications via AI assistants, copilots, and agents they are even more tricky to discover than traditional shadow IT. While traditional shadow apps can be identified through network monitoring methodologies that scan for unauthorized connections based on...