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Title : This Is How Hackers From Countries Like North Korea Steal Money From Banks
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This Is How Hackers From Countries Like North Korea Steal Money From Banks

The Bank of Mexico logo is seen on the facade its building in downtown Mexico City, Mexico, June 22, 2017. REUTERS/Edgard Garrido/File Photo

Wired: How Hackers Pulled Off a $20 Million Mexican Bank Heist

In January 2018 a group of hackers, now thought to be working for the North Korean state-sponsored group Lazarus, attempted to steal $110 million from the Mexican commercial bank Bancomext. That effort failed. But just a few months later, a smaller yet still elaborate series of attacks allowed hackers to siphon off 300 to 400 million pesos, or roughly $15 to $20 million from Mexican banks. Here's how they did it.

Read more ....

WNU Editor:  I suspect that stories like this one are just the tip of the iceberg, and that most financial institutions keep stories like this one unreported.

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The Bank of Mexico logo is seen on the facade its building in downtown Mexico City, Mexico, June 22, 2017. REUTERS/Edgard Garrido/File Photo

Wired: How Hackers Pulled Off a $20 Million Mexican Bank Heist

In January 2018 a group of hackers, now thought to be working for the North Korean state-sponsored group Lazarus, attempted to steal $110 million from the Mexican commercial bank Bancomext. That effort failed. But just a few months later, a smaller yet still elaborate series of attacks allowed hackers to siphon off 300 to 400 million pesos, or roughly $15 to $20 million from Mexican banks. Here's how they did it.

Read more ....

WNU Editor:  I suspect that stories like this one are just the tip of the iceberg, and that most financial institutions keep stories like this one unreported.

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