North Korean Hackers Actively Targeting Global Banks, Security Experts Warn

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North Korea-backed hackers have an elaborate network to launder money and are actively targeting banks across the world, according to a leading cyber security firm.

Sanctions against the isolated nation may also be driving an escalation in attempted cyber heists, senior intelligence analysts at FireEye said.

The firm was retained by the FBI to do malware analysis during the investigation into the North Korean government hacker Park Jin Hyok and has been following the activities of the so-called cyber crime Lazarus Group for a number of years.

The pace of financially-motivated hacking activity from Pyongyang “probably reflects increasingly desperate efforts to steal funds to pursue state interests”, the company said.

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