North Korean security forces have reportedly arrested a network of elite hackers who turned their government-acquired skills against the country’s financial systems.
The clients targeted the main government banking institutions to transfer state assets and transfer revenues through digital channels. Reports Daily NK.
Former members of a military cyber unit reportedly joined forces with graduates from prominent technical schools to build the covert operation.
The source said that the gang converted stolen government trade funds into cryptocurrencies and smuggled large amounts of foreign currency into the border areas…
The breach struck the core of North Korea’s financial system. It came from within, and was implemented by the country’s IT workforce.
Participants relied on imported wireless devices and secure messaging apps to avoid scrutiny while transferring money across borders.
Daily NK says news of the scheme has sparked widespread concern among senior officials, the military and academic communities across the country.
“Senior officials at the General Office of Reconnaissance and Intelligence and in the country’s science and technology education sector are said to remain cautious. They are concerned that responsibility for the scandal could extend to them as well.”
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