The DPRK’s Lazarus hacking group used malware to infect servers controlling ATMs, allowing the group to withdraw cash. While the group is believed to act on behalf of the state, some reports suggest that the group is now primarily motivated by profit. The group is believed to have been behind the Bangladesh central bank heist […]

Cyber actors are reported to have committed financial crimes on behalf of North Korea, raising money for the country’s ballistic missile and nuclear programs. DPRK is believed to have generated $1.1 billion from this activity, and $100 million in 2014 alone. In February 2016, the country’s cyber actors executed a cyber attack on the SWIFT […]

Effectively implementing sanctions against North Korea has been a difficult proposition.┬áDespite sanctions, North Korea continues to raise foreign exchange to pay for imports from China. Part of the reason for this difficulty is that the┬ácountry’s trade and finance networks operate unofficially, largely outside the detection capabilities of regulators, which in turn is partly due to […]