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South Korean Government Report Suggests North Koreans Hack for Cash, Not Secrets

Accepted submission by takyon at 2017-07-28 10:48:35
Security

A report suggests that North Korean hackers are looking for money to steal [bbc.com] as harsher sanctions are implemented against the country:

North Korean hackers are increasingly trying to steal cash rather than secrets, a South Korean government-backed report suggests. Cyber-criminals are targeting financial institutions as Pyongyang faces tough nuclear sanctions, the Financial Security Institute (FSI) claims. Suspected hacking attempts were until recently thought to be aimed at causing disruption or accessing data.

North Korea has routinely denied involvement in cyber-attacks. The FSI analysed cyber-attacks between 2015 and 2017. The impoverished country is now facing even tougher international sanctions [bbc.co.uk] aimed at stopping the flow of money that would support the development of its weapons programme.

Attacks cited include the "WannaCry" ransomware attacks, an attack on the Bangladeshi central bank, attacks by a group called "Andariel", and the 2015 attacks against South Korean banks that led to the formation of the Financial Security Institute.

Also at Reuters [reuters.com]. FSI's website [fsec.or.kr].

Previously: WannaCry Ransomware Attack Linked to North Korea by Symantec [soylentnews.org]


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