North Korean Hackers Used Hermes Ransomware to Hide Recent Bank Heist

  • 17 October 2017
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17th October, 2017 By Catalin Cimpanu
 


 
Evidence suggests the infamous Lazarus Group, a hacking crew believed to be operating out of North Korea, is behind the recent hack on the Far Eastern International Bank (FEIB) in Taiwan.
 
The hack took place at the start of the month when FEIB officials discovered fraudulent attempts to wire as much as $60 million to foreign banks located in Sri Lanka, Cambodia, and the United States.
 
Later in the week, Sri Lankan officials announced the arrested of an individual who withdrew $195,000 and later attempted to cash in another $52,000 from money that arrived from Taiwan into three local accounts at the Bank of Ceylon. A second individual was arrested a day later.
 
The incident caught the eye of international media because it was the latest in a string of bank heists that relied on crooks using malware to take over a bank's SWIFT account and use the SWIFT inter-banking transactions system to move money to new places.
 
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Since strict sanctions against North Korea they are desperate for money. These hackers will go to any length to get it.

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