Hackers are increasingly turning to cryptocurrency because it makes it far easier to move money under the radar.

Unlike traditional financial systems, cryptocurrencies are not controlled by a centralised financial institution, and wallet addresses do not automatically reveal the owner’s name or identity. Funds can be moved between multiple wallets and transferred across international borders almost instantly, making it far more difficult for authorities to intervene.

The Lazarus group commonly use highly targeted phishing campaigns and sophisticated social engineering tactics. Phishing, impersonation via deepfakes and tactics like MFA fatigue are becoming increasingly popular as avenues of intrusion.