December 3, 2020

USA warns of possible North Korean cyber attacks on the financial sector



The United States Government alerted this Wednesday of the threat posed by cyber attacks by North Korea to the financial sector and critical US infrastructure.

This is stated in a document prepared jointly by the Departments of State, Treasury and National Security, as well as the Federal Bureau of Investigation, where the Pyongyang is accused of using “illicit” cyber activities to finance its military development.

“Malicious cyber activities in the People’s Republic of Korea threaten the United States, the international community, and in particular, pose a significant threat to the integrity and stability of the international financial system,” the document said.

Likewise, the report highlights that the Asian country “has the capacity to carry out disruptive or destructive cyber activities that affect the essential infrastructure of the United States.”

The US Administration argues that under pressure from sanctions imposed by the UN and the US. North Korea has increasingly relied on these cyberattacks as a way to raise funds to finance its weapons of mass destruction and ballistic missile development programs.

The United States points out that North Korean hackers mainly use the following methods to illegally profit online: extortion campaigns, theft from financial institutions through sophisticated tactics, and the use of Cryptojacking malware, a virus that hides in the infected device and steals the user’s virtual currencies, such as bitcoin.

To protect against these attacks, the United States Government recommends that countries and individuals around the world publicize the cyber threat posed by the Kim Jong-un government, share all the information related to these attacks, implement good cybersecurity practices, and If you suspect that you have been the victim of a cyber attack, promptly notify the authorities.

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