Security News > 2020 > August > North Korean hackers are actively robbing banks around the world, US government warns

The BeagleBoyz, part of the North Korean government's hacking apparatus, are back to targeting banks around the world after a brief pause in activity.

The US Cybersecurity and Infrastructure Security Agency has released an alert with details of how the BeagleBoyz have made off with an estimated $2 billion in fiat and cryptocurrency since 2015, along with details on how financial institutions can protect themselves against their known patterns of attack.

Along with the theft of massive amounts of money that the United Nations believes is used for North Korea's nuclear weapons and ballistic missile programs, the robberies also pose a serious risk to financial institutions' reputations, their operations, and public confidence in banking, CISA said.

The BeagleBoyz aren't typical cybercriminals either: They conduct "Well-planned, disciplined, and methodical cyber operations more akin to careful espionage activities," CISA warns.

It isn't known if the BeagleBoyz have successfully targeted a US-based financial institution, and CISA's report suggests they've been active primarily in other parts of the world.

News URL

https://www.techrepublic.com/article/north-korean-hackers-are-actively-robbing-banks-around-the-world-us-government-warns/#ftag=RSS56d97e7