North Korea’s “Hidden Cobra” Program Has Stolen Tens of Millions of Dollars from Banks

Here is the latest on North Korea’s criminal cyber operations that is netting the Kim regime tens of millions of dollars:

North Korea’s nuclear and missile tests have stopped, but its hacking operations to gather intelligence and raise funds for the sanction-strapped government in Pyongyang may be gathering steam.

U.S. security firm FireEye raised the alarm Wednesday over a North Korean group that it says has stolen hundreds of millions of dollars by infiltrating the computer systems of banks around the world since 2014 through highly sophisticated and destructive attacks that have spanned at least 11 countries. It says the group is still operating and poses “an active global threat.”

It is part of a wider pattern of malicious state-backed cyber activity that has led the Trump administration to identify North Korea — along with Russia, Iran and China — as one of the main online threats facing the United States. Last month, the Justice Department charged a North Korean hacker said to have conspired in devastating cyberattacks, including an $81 million heist of Bangladesh’s central bank and the WannaCry virus that crippled parts of Britain’s National Health Service.

On Tuesday, the U.S. Department of Homeland Security warned of the use of malware by Hidden Cobra, the U.S. government’s byword for North Korea hackers, in fraudulent ATM cash withdrawals from banks in Asia and Africa. It said that Hidden Cobra was behind the theft of tens of millions of dollars from teller machines in the past two years. In one incident this year, cash had been simultaneously withdrawn from ATMs in 23 different countries, it said.  [Stars & Stripes]

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