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September 26, 2023

FBI Identifies North Korean Lazarus Group as Culprit Behind $41 Million Stake Casino Hack

The Federal Bureau of Investigation (FBI) recently identified a notorious North Korean cybercrime group – dubbed the “Lazarus Group” – as the culprit behind a massive hack on an online gaming firm, Stake Casino. According to reports, the group hacked into Stake’s system late last year, stealing more than four million US dollars valued at 41 million. The group was accused of using a series of sophisticated hacking techniques that enabled them to bypass several security protocols. This attack marks the latest in a series of security breaches that have plagued various online gaming firms, including South Korean gaming company Nexon. The group is believed to be linked to the North Korean government and has reportedly been behind several cyber-attacks targeting US-based businesses and financial institutions. At this point, it remains unclear exactly how much money has been stolen. However, experts believe that the attack was sophisticated and well-orchestrated with the intention of stealing funds from unsuspecting victims. The FBI is currently working with authorities from around the world to investigate the hack and identify those responsible. It is believed that the Lazarus Group has successfully infiltrated several other gaming firms, though the extent and information related to these incidents remain unknown. The FBI is urging online gaming firms to increase their security measures and to implement better network monitoring strategies to help protect their systems against malicious actors. In addition, the agency is also reminding firms to keep track of all activity on their networks, and to take prompt action if they detect any suspicious activities.