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US Offers Whopping Rewards for Tracing North Korean Hackers

23 Apr, 2020
US Offers Whopping Rewards for Tracing North Korean Hackers

The United States agencies have released a joint advisory reminding the world about the 'significant cyber threat' posed by North Korean state-sponsored hackers to the global banking and financial institutions.

Besides a summary of recent cyber attacks by North Korean hackers, the advisory —issued by U.S. Departments of State, the Treasury, Homeland Security and the FBI—also contains a comprehensive guide line to help the international community, industries, and other governments against North Korea's illicit activities.

"In particular, the United States is deeply concerned about North Korea's malicious cyber activities, which the U.S. government refers to as HIDDEN COBRA. The DPRK has the capability to conduct disruptive or destructive cyber activities affecting U.S. critical infrastructure," the advisory says.

"The DPRK also uses cyber capabilities to steal from financial institutions, and has demonstrated a pattern of disruptive and harmful cyber activity that is wholly inconsistent with the growing international consensus on what constitutes responsible state behaviour in cyberspace."

It is also maintained that the U.S. government is now offering a monetary reward of up to $5 million to anyone who can share 'information about illicit North Korea's activities in cyberspace,' including past or ongoing hacking operations.

The ill-famed North Korea hacking group is the Lazarus group, also known as Hidden Cobra and Guardians of Peace, that has been associated with several high-profile disruptive and espionage-related cyber attacks.

According to the United States, North Korea has attempted to steal $2 billion by many malicious cyber activities.

The United States Treasury Department has also issued sanctions against three North Korean hacking groups for conducting several destructive cyber attacks on the U.S. critical infrastructure.

The United States says North Korea has developed a tremendously militant hacking tendency intended at destroying the administrative infrastructure of the states.

ISOEH is the ethical hacking entity that teaches the updated trends of cyber security to the IT enthusiast.

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