NFT Investments PLC falls victim to phishing attack: Losses estimated at $250,000

NFT Investments PLC falls victim to phishing attack: Losses estimated at $250,000

NFT Investments PLC has fallen victim to a phishing attack, resulting in a $250,000 loss for the company.

NFT Investments PLC reports cyber security incident

NFT Investments PLC, a specialist in the NFT industry listed on the Aquis Stock Exchange, has reported that it is currently managing a cyber security incident. The incident was discovered on January 9th, 2023, and is believed to have been caused by a phishing attack carried on by an unidentified hacker or group.

The attack resulted in a loss of $250,000 of the company’s assets, representing less than 1% of NFTs’ current net asset value. Despite the loss, the company stated that its financial performance will not be impaired.

In response to the incident, NFT Investments immediately implemented its incident response plan and is looking to hire a third-party to investigate the incident. The company is also looking into additional technical precautions that can be implemented in order to prevent a similar attack in the future.

The company stated that it will keep the community informed about the unfolding of the situation. The incident serves as a reminder of the importance of cyber security in today’s digital age, especially for companies dealing with digital assets such as NFTs.

North Korean APT group steals over 1,000 NFTs worth $365,000 through phishing attacks

In a recent report published in December 2022, blockchain security firm SlowMist revealed that cybercriminals linked to a suspected North Korean advanced persistent threat (APT) group had successfully stolen over 1,000 non-fungible tokens (NFTs) and earned approximately $365,000 through their sale.

North Korean APT groups have been known to target the cryptocurrency industry through various tactics, such as phishing. These groups are known for covertly accessing networks and stealing data over long periods of time, and some are believed to have North Korean government sponsorship.

In this particular incident, the attackers created pages similar to known NFT companies in a bid to mislead collectors into signing altered transactions that led to the loss of NFTs that were stolen by the nefarious actors. SlowMist picked out one wallet connected to this hacker group which acquired 1,055 NFTs through the aforementioned phishing attacks. The NFTs were then sold for 300 ETH.

This is not the first time that North Korean APT groups have targeted the cryptocurrency industry. These organizations have been involved in several high-profile hacks carried out on digital asset trading platforms and exchanges. In addition, these groups have also targeted users and organizations through various tactics, such as impersonating trusted people in order to gain access to sensitive information, in what is known as a social engineering attack.

The NFT market has seen a significant increase in activity in recent years, with a growing number of investors and collectors interested in buying and selling unique digital assets. However, as with any emerging market, it is important for companies to be vigilant and have robust security measures in place to protect against potential threats.

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