“Significant Risk to International Monetary System”
US offers $5 Million for information regarding North Korean Hackers
Observed tactics include:
Attacks and thefts from banks and other financial entities
Attacks and thefts from cryptocurrency exchanges
Cryptojacking operations — where North Korean hackers compromise servers worldwide to mine cryptocurrency
Various types of extortion campaigns, such as:
– Compromising an entity’s network and threatening to shut it down unless the victim pays a ransom
– Getting paid to hack websites on behalf of third-party clients, and then extorting the targets
US officials say a lot of these attacks have targeted the financial sector, from where North Korean hackers have stolen funds in excess of $2 billion, which have been laundered back into the hermit kingdom.
The US says these hacks are now posing “a significant threat to the integrity and stability of the international financial system.”
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