Security Firm Says North Korean Hackers Have Stolen Hundreds of Millions From Banks Over Last Four Years

Chris Gaetano
Published Date:
Oct 5, 2018

A U.S. security firm warned that cash-strapped North Korea has been intensifying its cybercrime efforts over the last four years, and since that point has likely made off with hundreds of millions of dollars from banks around the world, according to the Associated Press. The warning specifically concerned a hacking group called APT38, which the security firm, FireEye, said has attempted to steal $1.1 billion since 2014 and has succeeded in taking hundreds of millions. The AP said that the most recent attack it is publicly attributing to APT38 was against one of Chile’s biggest commercial banks, Banco de Chile, in May this year, which netted it $10 million. It is also believed that the group was responsible for a series of heists in 2016 targeting the Bangladesh Central Bank, a Vietnamese commercial bank, and Ecuador's Banco Del Austro, all of which involved infiltrating the SWIFT payment system that enables interbank payments. It is now also believed that the same group is responsible for the hack of Sony Entertainment in 2014 as well as WannaCry ransomware virus.

FireEye warned that the group is still operating and represents an active global threat. 

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