North Korea’s new front: cyberheists
North Korea’s new front: cyberheists
In the face of sanctions over its banned nuclear and ballistic missile programs, the cash-strapped North is deploying an army of well-trained hackers with an eye on a lucrative new source of hard currency, they say.
Its cyberwarfare abilities first came to prominence when it was accused of hacking into Sony Pictures Entertainment to take revenge for “The Interview,” a satirical film that mocked its leader, Kim Jong-Un.
But it has rapidly expanded from political to financial targets, such as the central bank of Bangladesh and Bitcoin exchanges around the world, with Washington this week blaming it for the WannaCry ransomware that wreaked havoc earlier this year.
And a South Korean cryptocurrency exchange shut down on Tuesday after losing 17 percent of its assets in a hacking — its second cyberattack this year, with the North accused of being behind the first.
According to multiple South Korean reports citing Seoul’s intelligence agency, North Korean hackers approach workers at digital exchanges by posing as beautiful women on Facebook, striking online conversations and eventually sending files containing malicious code.
They also bombard executives with emails posing as job seekers sending resumes — with the files containing malware to steal personal and exchange data.
Moon Jong-Hyun, director at Seoul cybersecurity firm EST Security, said the North had stepped up online honeytrap tactics targeting Seoul’s government and military officials in recent years.
“They open Facebook accounts and maintain the online friendship for months before backstabbing the targets in the end,” Moon told a cybersecurity forum, adding many profess to be studying at a US college or working at a research think tank.
Simon Choi, director of Seoul cybersecurity firm Hauri, has accumulated vast troves of data on Pyongyang’s hacking activities and has been warning about potential ransomware attacks by the North since 2016.
The United States has reportedly stepped up cyberattacks of its own against Pyongyang.
But Choi told AFP: “The North’s hacking operations are upgrading from attacks on ‘enemy states’ to a shady, lucrative moneymaking machine in the face of more sanctions.”
Pyongyang’s hackers have showed interest in Bitcoin since at least 2012, he said, with attacks spiking whenever the cryptocurrency surges — and it has soared around 20-fold this year.
US cybersecurity firm FireEye noted that a lack of regulations and “lax anti-money laundering controls” in many countries make digital currencies an “attractive tactic” for the North.
Cryptocurrencies, it said in a September report, were “becoming a target of interest by a regime that operates in many ways like a criminal enterprise.”
It documented three attempts by the North to hack into Seoul cryptocurrency exchanges between May and July as a way to “fund the state or personal coffers of Pyongyang’s elite.”
In October, Lazarus, a hacking group linked with the North, launched a malicious phishing campaign targeting people in the bitcoin industry with a fake but lucrative job offer, according to US cybersecurity firm Secureworks.
Hacking attacks targeting digital currencies are only the latest in the long list of alleged online financial heists by the North.
The North is blamed for a massive $81 million cyber-heist from the Bangladesh Central Bank (BCB) in 2016, as well as the theft of $60 million from Taiwan’s Far Eastern International Bank in October.
Although Pyongyang has angrily denied the accusations — which it described as a “slander” against the authorities — analysts say the digital footprints left behind suggest otherwise.
The attack on the BCB was linked to “nation-state actors in the North,” cybersecurity firm Symantec said, while the Taiwanese bank theft had some of the “hallmarks” of Lazarus, according to the British defense firm BAE Systems.
Proceeds from such actions are laundered through casinos in the Philippines and Macau or money exchanges in China, said Lim Jong-In, a cyber-security professor at Korea University in Seoul, making it “virtually impossible” to trace.
The global WannaCry ransomware attack in May infected some 300,000 computers in 150 nations, encrypting their files and demanding hundreds of dollars from their owners for the keys to get them back.
Experts say that young hacking talents are handpicked at school to be groomed at elite Kim Chaek University of Technology or Kim Il Sung Military University in Pyongyang, and now number more than 7,000.
They were once believed to be operating mostly at home or neighboring China, but analysis by cybersecurity firm Recorded Future noted “significant physical and virtual North Korean presences” in countries as far away as Kenya and Mozambique.
FireEye CEO Kevin Mandia put the North among a quartet of countries — along with Iran, Russia and China — that accounted for more than 90 percent of cybersecurity breaches the firm dealt with.
Its hackers, he said, were “interesting to respond to and hard to predict.”
South Africa’s leader cuts short UK visit after protests
- South Africa’s foreign minister, Lindiwe Sisulu, confirmed that Botswana had closed its border with the province because of the chaos.
- The ANC and its leadership also face internal divisions after the tumultuous resignation of former President Jacob Zuma in February.
MAHIKENG, South Africa: South Africa’s president has cut short a visit to Britain to return home and deal with violent protests in a provincial capital.
President Cyril Ramaphosa left the Commonwealth summit in London to respond to the turmoil in the North West capital of Mahikeng, where residents brought life to a standstill with protests over alleged corruption and calls for the premier to resign.
Ramaphosa was visiting the city on Friday in the most significant test of his public peacemaking skills since he took office in February.
A statement from the president’s office noted clashes with police and called for calm and engagement “rather than violence and anarchy.” It also urged police to show restraint in the city of about 300,000.
The unrest continued Friday, with state broadcaster SABC showing police firing rubber bullets to disperse looters in the streets. It reported that 23 people had been arrested, citing local police.
South Africa’s foreign minister, Lindiwe Sisulu, confirmed that Botswana had closed its border with the province because of the chaos, SABC reported.
South Africa’s next election is in 2019 and the ruling African National Congress party under Ramaphosa is eager to recover from its worst-ever election showing in 2016, in which the ANC lost control of major municipalities including commercial hub Johannesburg and the capital, Pretoria.
The party and its leadership also face internal divisions after the tumultuous resignation of former President Jacob Zuma in February after multiple scandals and allegations of graft. Ramaphosa, Zuma’s former deputy, has repeatedly pledged to tackle the widespread corruption that had weakened investor confidence in one of Africa’s largest economies.
The North West premier, Supra Mahumapelo, is an ANC politician and has faced accusations of corruption from residents who say mismanagement has led to a decline in government services.
Similar protests have been common across South Africa, which the World Bank this year called, by any measure, “one of the most unequal countries in the world.”