Home Crypto News YouTube Channel of South Korean Authorities Hacked in an Elon Musk-Crypto Rip-off (Report)

YouTube Channel of South Korean Authorities Hacked in an Elon Musk-Crypto Rip-off (Report)

by Cryptoroz

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Hackers have reportedly attacked a number of big-name South Korean YouTube channels up to now few months. After gaining entry, most wrongdoers used the platform to add cryptocurrency-related movies.

Among the many victims was the official YouTube channel of the South Korean authorities. Earlier this month, a bunch of cybercriminals compromised it so they might promote a crypto rip-off that includes Elon Musk’s picture.

South Korean Customers Ought to Keep Alerted

A latest protection revealed that hackers had attacked the YouTube channels of the South Korean authorities, the Nationwide Museum of Fashionable and Modern Artwork, and the Korea Tourism Group.

Within the authorities’s case, criminals modified the account’s identify to “SpaceX Make investments” to persuade customers that it was associated to the American spacecraft producer, spearheaded by Elon Musk.

So as to add to the confusion, the scammers posted movies of interviews the place the world’s richest talked about bitcoin and different digital currencies. Nonetheless, the federal government was fast to react and recognized the fraud a number of hours later.

Particular person YouTube channels have been additionally compromised. After breaching the safety of a well-liked one with over 560,000 subscribers, hackers began sharing movies of unlawful software program that buyers may obtain and assumingly develop into wealthy.

Park Tae-hwan – workforce chief at AhnLab’s safety emergency response heart – outlined that the true goal of most attackers was to achieve entry to standard YouTube channels and promote fraudulent crypto schemes to an unlimited viewers.

“Every group ought to test their safety response system as now could also be an experimenting interval for greater assaults,” he warned.

Kim Seung-joo – a professor at Korea College – defined that the three primary hacking strategies are phishing assaults and credential stuffing, info stealers, and malware. In his view, scammers are sensible sufficient to focus on separate YouTube accounts and never the platform itself, as in any other case, Google would step in and detect the difficulty:

“If the assault was on the YouTube platform itself, the harm could have been greater, and Google would have launched an official announcement.”

A Related Incident within the UK

Such scams should not an remoted case for South Korea. In July, hackers attacked the YouTube channel of the British Military and used it to advertise two completely different fraudulent crypto schemes. As soon as once more, the criminals uploaded earlier interviews of well-known individuals who have mentioned cryptocurrencies lately, together with Elon Musk and Jack Dorsey, to con buyers.

Much like the South Korean authorities, although, the UK’s Ministry of Defence managed to deal with the issue in a matter of hours.

“Apologies for the non permanent interruption to our feed. We are going to conduct a full investigation and study from this incident. Thanks for following us, and regular service will now resume,” the authorities acknowledged on the time.

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