North Korea hacking threatens US and global financial system: US officials

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North Korea hacking threatens US and global financial system: US officials
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U.S. government officials warned on Wednesday about the threat of North Korean hackers, calling particular attention to banking and other finance.

FILE PHOTO: A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration/File PhotoThe reason for the advisory - which was jointly issued by the U.S. Departments of State, Treasury, and Homeland Security, and the Federal Bureau of Investigation - was unclear.

North Korea is alleged to be behind an ambitious, years-long campaign of digital theft, including siphoning tens of millions of dollars in cash from ATMs, carrying out gigantic thefts at major banks, extorting computer users worldwide, and hijacking digital currency exchanges. The global money-grab has been a topic of increasing international concern.

Last year, for example, a U.N. report said that North Korea had generated an estimated US$2 billion for its weapons of mass destruction programs using"widespread and increasingly sophisticated" hacking efforts. In Wednesday's advisory, U.S. officials said North Korea's online activities"threaten the United States and countries around the world and, in particular, pose a significant threat to the integrity and stability of the international financial system."

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