Thursday, February 25, 2021

North Korean Hackers Charged With Stealing $1.3 Billion in Global Cyberattacks

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Three North Korean computer programmers have been charged by the U.S. Justice Department in connection with a broad range of global cyberattacks.

Federal authorities said Wednesday the programmers were indicted for conducting a series of hacks to steal and extort more than $1.3 billion from financial institutions and companies around the world in a money laundering scheme.

The three programmers have also been accused of creating and using “malicious cryptocurrency applications,” according to a press release from the Justice Department.

“North Korea’s operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency instead of sacks of cash, are the world’s leading bank robbers,” said Assistant Attorney General John Demers of the Justice Department’s National Security Division.

Bitcoin
Bitcoin course’s graph is seen on the Coinbase cryptocurrency exchange application on February 12, 2018, in Paris.
Chesnot

The new charges expand a 2018 case concerning a hack on Sony Pictures, which released confidential data from the film studio, including personal information about employees and their families.

During the cyberattack, the hackers demanded that Sony withdraw its then-upcoming film The Interview, a comedy about North Korean Leader Kim Jong Un, and threatened attacks at theaters that screened the film. Sony was forced to cancel the film’s formal premiere and mainstream release in response to the threats.

The Justice Department issued formal charges against North Korean citizen Park Jin Hyok in 2018 and also asserted that Park was partially responsible for the 2017 creation of the ransomware known as WannaCry.

Jin Hyok was one of the defendants named in the charges that the department unsealed on Wednesday. The other two are John Chang Hyok and Kim Il.

Federal officials also announced that a Canadian-American citizen has pleaded guilty to charges in the money laundering scheme after admitting to helping the indicted programmers.

This is a developing story and will be updated as more information becomes available.

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Originally published at https://www.newsweek.com/north-korean-hackers-charged-stealing-13-billion-global-cyberattacks-1569957 on .

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