North Korea Detains Elite State Hackers for Breaching Own Central Banks: Report

North Korean security forces have reportedly detained a network of elite hackers who turned their government-honed skills against the nation’s own financial systems.

The operatives targeted key government banking institutions to divert state assets and move proceeds through digital channels, reports Daily NK.

Former members of a military cyber unit reportedly joined forces with graduates from prominent technical schools to construct the underground operation.

“The ring converted stolen state trade funds into cryptocurrency and smuggled large amounts of foreign currency in border regions, the source said…

The breach struck at the core of North Korea’s financial system. It came from within, carried out by the country’s own IT workforce.”

Participants relied on imported wireless devices and secure messaging applications to avoid scrutiny while shifting funds across borders.

Daily NK says news of the scheme has generated widespread alarm among high-ranking officials, military personnel and academic communities across the country.

… Continue reading the full article at the original source below.