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North Korea Hacking Banks In India To Fund Nuclear Program

North Korea’s hacking operations has expanded to more countries including India, a report by Russian cyber security firm Kaspersky has claimed.

The cyber security firm said hackers backed by North Korea were targeting financial institutions in 18 countries, including India

According to a report on the hacking claims by CNN, two international security experts believe North Korea is likely spending the stolen funds on its nuclear weapons program.

“Banks and security researchers have previously identified four similar cyber-heists attempted on financial institutions in Bangladesh, Ecuador, the Philippines, and Vietnam,” it read in part.

Last year, they hacked a Bangladeshi Bank resulting in a heist of almost a $1 Billion. Hackers were traced to North Korea after Kaspersky detected a mistake, and a hacker from a group operation known as “Lazarus” connected from North Korea, the United Press International also reported on Tuesday.

Geographical Map of Financial Attacks by Lazarus
Geographical Map of Financial Attacks by Lazarus

Kaspersky now says the same hacking operation — known as “Lazarus” — also attacked financial institutions in Costa Rica, Ethiopia, Gabon, India, Indonesia, Iraq, Kenya, Malaysia, Nigeria, Poland, Taiwan, Thailand, and Uruguay.”

.According to the Sahara reporters, the hackers had previously routed their attacks from computer services in France, South Korea, and Taiwan, a move which made it difficult for security experts to identify the origin of the breaches.

It added that Lazarus began to focus on banks late 2015, just before North Korea conducted its fourth nuclear test then began to test-launch dozens of ballistic missiles in 2016.

You can read more about North Korea and weapons of mass destruction.




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