South Korea blames North for cyber-attack on bank

North Korean computer hackers were behind an attack on the network of a South Korean bank last month, according to Seoul officials.

  0 Be the first to comment

South Korea blames North for cyber-attack on bank

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

National Agricultural Cooperative Federation, also known as Nonghyup, suffered a systems outage on 12 April, meaning customers were unable to withdraw and transfer money or use credit cards for three days.

The Seoul Central Prosecutors' Office now says the problem was caused by an "unprecedented act of cyber-terror" from a group in North Korea.

In a statement given to Reuters, officials say the attack came from the same group behind hits on South Korean government and business sites in 2009 and this March.

An Internet protocol address used to break into the Nonghyup network was the same as one used two months ago for a distributed denial-of-service attack that came from North Korea.

The hack was an attempt to destroy the financial system which is "the backbone of (the South's) capitalist society" says the statement.

Sponsored [Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates

Related Company

Comments: (0)

[On-Demand Webinar] Solving the KYC challenge with end-to-end processesFinextra Promoted[On-Demand Webinar] Solving the KYC challenge with end-to-end processes