The United States Justice Department has unsealed indictments against three North Korean computer programmers accusing them of conducting a series of cyberattacks to steal and extort over $1.3 billion in cash and cryptocurrency.
The indictments allege that the cyberattackers are part of a government-backed hacking group known as the Lazarus Group, which has been linked to the North Korean regime and previous global cyberattacks.
According to the indictments, the hackers deployed malicious software to target financial institutions and cryptocurrency exchanges, ultimately stealing millions in cash and cryptocurrency through fraudulent schemes.
The cyberattacks not only have a direct financial impact on the targeted institutions but also raise concerns about cybersecurity vulnerabilities in the financial sector, potentially eroding trust in the global financial system.
The United States government has coordinated with international partners to impose sanctions on North Korea and increase cybersecurity measures to mitigate future cyber threats from the regime.
If convicted, the three North Korean hackers could face lengthy prison sentences for their involvement in the sophisticated cyberattacks that have targeted financial institutions and cryptocurrency exchanges worldwide.
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US reveals indictments for $1.3B North Korean cyber thefts.