July 31, 2017 13:08
North Korean hackers are targeting both South Korean and foreign banks to raise badly needed hard currency, the Wall Street Journal reported last week.
Citing a report by South Korea's Financial Security Institute, the paper said, "North Korea's cyberarmy has splintered into multiple groups and is unleashing orchestrated attacks increasingly focused on funneling stolen funds to the secretive nation." It added that they have shifted their aims from stealing military secrets to stealing money.
The shift came because Pyongyang needs to raise money for its nuclear and missile programs and "demonstrates the difficulties" it has in finding the funds. The hackers often plant malicious codes in South Korean ATMs to steal information from banks and other lenders.
The attacks are led by a group called Lazarus, which has ties to North Korea. Other hacking groups called Blue Noroff and Andariel are also targeting South Korea and are widening their targets to casinos and financial software developers. They make the cash by selling the information to China, Taiwan or Thailand.
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