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April 15, 2020 04:49 pm

North Korea Hacking Threatens US and Global Financial System: US Officials

U.S. government officials warned on Wednesday about the threat of North Korean hackers, calling particular attention to banking and other finance. From a report: The 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 Korean hackers have long been accused of targeting financial institutions, and the content of the warning appeared to draw on material already in the public domain. 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.

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