Finland based Cybersecurity startup F-Secure claims that cyberattacks launched by hacking groups linked to the North Korean government are now being copied by other hacking groups across the world.
While cyber-attacks on financial corporations have become an objective for hackers backed by the government-run by Kim UN Jong, organized crime groups across the world are said to be following the same traits while launching motivated attacks against the banking sector.
North Korea has a history of running organized crimes around the world such as drug mafia, stealing cryptocurrency and emptying bank accounts and diverting the funds to the dark world says a source from F-secure group.
F-Secure which is headquartered in Helsinki and operates with over 20 offices in over 100 countries claims that most of the financial frauds were linked to North Korea Advanced Persistent Threat (APT) group also called as Lazarus. This includes ‘Payment Switch Application Compromise’, Diversion of funds from ATMs via Malware, and stealing of digital currency from user wallets operating in the west.
Security analysts from F-Secure say that cyber crooks are not only seen hacking banks but are also seen targeting financial institutions big and small like insurance companies, lending units, and claim authorities.
From the research perspective, the only way to counter such attacks is by reading the minds of cyber crooks. Like why the threat actors might target your firm, how they can infiltrate into your network and for what sake? By getting answers to these questions the risks associated with attacks can easily be mitigated.