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North Korea Ransomware Attempt, Siphon Funds From an Israeli Company

Getting into financial institutions' systems and using hackers is a known tactic of North Korea, it nearly took down the Central Bank of Bangladesh


Getting into financial institutions' systems and using hackers is a known tactic of North Korea, it nearly took down the Central Bank of Bangladesh by this practice. 

North Korean Hackers Strike Again

Earlier this week, North Korea tried to get access to the systems of an Israeli company that does business in the field of cryptocurrency and extracts the money that Pyongyang planned to use for its nuclear program. 

The hacking attack was done by North Koreans disguising themselves as the company's Japanese supplier. The hacking attempt was immediately caught by cybersecurity personnel from the "Konfidas" agency, which was able to stop the hack. 

Malicious files used to get control over systems

Authorities say the attempt was sophisticated and professional, unique tools were used- something that caught the eye of concerned authorities in Israel. 

The attacks do not happen overnight. There is a pattern behind the operation of most attacks, in the first step, the hacker does a conversation with the person on the other end, and gains your trust. After that, the hacker sends a malicious file containing the virus which is aimed to infiltrate the computer. 

Once the file reaches the computer, it will start spreading out on the network and access financial assets or data that the hacker wants, and in the end, can do whatever he wishes. 

Ransom motive behind the attack

Ransom demands generally happen in financial attacks, threat actors behind them are cyber criminals who intend to steal data and ask for ransom in exchange for not leaking the data and releasing the systems. 

In this particular incident, the North Korean mode of operation is a pattern in which the actors simply spy, steal money, and vanish. There is no user interaction except that he has to open the malicious files which allow the hacker to take control of the systems. 

North Korean hacking patterns

North Korean hackers are believed to be behind the theft of around $100 million in cryptocurrency from a US company earlier this year in June, as the country is trying to manage funding for its nuclear and ballistic missile programs. 

The assets were stolen from "Horizon Bridge," a Harmony blockchain service that lets assets to be sent to other blockchains. Following the theft, the activities by threat actors suggest that they may be linked to North Korea. Experts believe these actors to be highly skilled in the field of cyber penetration attacks. 


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