A security report released Wednesday accused a unit of hackers linked to the North Korean government of stealing hundreds of millions of dollars from banks across the world over the past four years. The report is from cybersecurity firm FireEye, which in September detected a cyber-espionage campaign apparently conducted on behalf of Iran as revenge for sanctions, and in June reported on a wave of Chinese and Russian attacks on South Korea ahead of the summit between President Donald Trump and North Korean dictator Kim Jong-un.According to FireEye’s analysis, a hacking unit they designated “APT38” and described as a “large, prolific operation with extensive resources” raided banks in 11 different countries, targeting over a billion dollars in assets. They did not get the entire $1.1 billion they were shooting for, but their haul ran into hundreds of millions of dollars. The heists were accomplished with a malware program that allowed the hackers to create phony transactions in SWIFT, the Society for Worldwide Interbank Financial Telecommunication system. The bogus transactions funneled money into bank accounts in the Philippines, from which the cash was withdrawn and laundered through casinos. The largest single score was $81 million from the central bank of Bangladesh… Read full this story
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