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posted by mrpg on Sunday October 07 2018, @10:53AM   Printer-friendly
from the sorry-me-please-banks dept.

Submitted via IRC for Bytram

'Desperate' North Korea turns to bank hacking sprees to rake in much-needed dosh

Hackers backed by the North Korea government are attempting to ransack foreign banks to raise funds for the cash-strapped hermit nation.

Researchers at FireEye say that a gang dubbed APT38* are trying to pull off a billion-dollar money grab, and are working separate from the infamous Nork-sponsored Lazarus group.

According to FireEye, the APT38 group is apparently operating as a subset of a larger North Korean hacking operation known as TEMP.Hermit. The bank-focused group is thought to be behind North Korean cyber-attacks on the 2016 Bank of Bangladesh heist and the 2018 Banco de Chile attack, and others, incidents that had previously only been believed to have been TEMP.Hermit operations.


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  • (Score: 2) by nobu_the_bard on Monday October 08 2018, @12:57PM

    by nobu_the_bard (6373) on Monday October 08 2018, @12:57PM (#745936)

    They are communist, but there's more than one flavor of communism, which exists along a spectrum. Nobody's really doing a "pure" economy without influence from other paradigms anymore. It's an approach that is trying to curtain the downsides of the primary system using the tools made available by other systems.

    Note that North Koreans attribute some of the success the current leader has enjoyed to his toning down of enforcement against the food black markets. They've got multiple kinds of small-scale grassroots unauthorized black markets that have been helping the people increase their standard of living off the government's balance sheet. These markets are functionally "free market" incarnate as there's no enforcement by definition. The government these days knows about the situation and just pretends to not notice until its convenient for them as an excuse to arrest someone annoying or whatever. The previous leader was less successful in getting general support partly because he spent tremendous resources trying to quash these things instead of doing something constructive.

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