Hackers tied to the North Korean government are trying to rob banks across the globe by draining ATMs and initiating fraudulent transfers to fund its nuclear weapons program, U.S. federal agencies said
WASHINGTON—Hackers tied to the North Korean government are trying to rob banks across the globe by draining ATMs and initiating fraudulent money transfers, in an effort by the cash-strapped Pyongyang regime toThe campaign includes so-called spearphishing attacks—which use fraudulent email to infect a computer or persuade the victim to reveal a password or other information—and social engineering schemes.
The hackers have also aimed at retail payment infrastructures and interbank payment processors, the agencies said. “North Korean cyber actors have demonstrated an imaginative knack for adjusting their tactics to exploit the financial sector as well as any other sector through illicit cyber operations,” Bryan Ware, assistant director for cybersecurity at the Department of Homeland Security, said in a statement.
U.S. and U.N. officials say North Korea’s cyber thefts are overseen by nation’s intelligence agency and reap billions of dollars, money that is used by the Kim Jong Un regime to preserve its dictatorial grip on power, fund its vast military and its weapons programs. That revenue has been critical in offsetting income from other activities lost in the wake of economywide U.N. sanctions.
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