Uniting Against Cyber Threats: Crypto ISAC’s Role in Securing the Blockchain Industry
written by: Justine Bone and Henry Beaudin
In a rapidly evolving digital landscape, the importance of collaboration in combating cyber threats cannot be overstated. The recent joint statement from the Japanese Ministry of Foreign Affairs, the United States, and South Korea [1] underscores the critical need for coordinated action to address the persistent cyber threats posed by the Democratic People’s Republic of Korea (DPRK) and its affiliated groups, such as the infamous Lazarus Group.
A Growing Threat to Blockchain Security
In 2024 DPRK-linked cyberattacks targeting cryptocurrency exchanges, custodians, and users resulted in losses exceeding $650 million.
Threats extend beyond financial losses, jeopardizing the stability of global financial systems.
Collaborative efforts, including the Crypto ISAC, Illicit Virtual Asset Notification (IVAN), and the Security Alliance (SEAL), are developing new frameworks and platforms for effective information sharing and swift incident response.
Crypto ISAC continues to enhance threat intelligence, provide actionable insights, and strengthen its role as a trusted partner in securing digital assets. Together, we can disrupt malicious actors and build a resilient financial ecosystem.
[1] Joint Statement on Cryptocurrency Thefts by the Democratic People’s Republic of Korea and Public-Private Collaboration - https://www.mofa.go.jp/files/100779661.pdf
About Crypto ISAC
The Crypto ISAC is a member-driven, not-for-profit organization that works together to curb malicious actors, address vulnerabilities, share intelligence, and move security forward to protect the crypto ecosystem. We are founded by leading crypto organizations and designed for cryptosecurity experts to address the security and trust challenges that face crypto today and shape the crypto ecosystem of tomorrow.