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North Korea Steals Millions from Financial Institutions, Cryptocurrency Exchanges

A recent United Nation Security Council report indicated that North Korea had circumvented international sanctions by stealing millions from financial institutions and cryptocurrency exchanges. Between 2017 and 2018, North Korean hackers managed to hack five cryptocurrency exchanges in Asia, resulting in a total loss of US$571 million. Hackers affiliated with the regime were also responsible for several bank heists abusing the SWIFT financial messaging system, stealing an estimated US$140 million from the Bangladesh Bank, Banco de Chile, and the Far Eastern International Bank of Taiwan. Various research suggested that these attacks were carried out by a subdivision of the Lazarus Group known as APT38, which is focused on perpetrating financial crimes.

[1] Report of the Panel of Experts Established Pursuant to Resolution 1874 (2009) (PDF)
[2] How Hackers Pulled Off A $20 Million Mexican Bank Heist
[3] APT38: Un-usual Suspects (PDF)

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