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NORTH KOREAN HACKERS TARGETED MALTA - LEAKED UN REPORT

€13 million BOV heist linked to global hacking attempts by blacklisted State

CrimeNationalTechnology
August 14, 2019| Ivan Martin |203 min read
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Malta has been listed as one of several victims of North Korean hacking attempts
in a leaked UN security council report.  

Last week, the confidential UN report seen by Reuters – researched by
“independent experts” and presented to the U.N. Security Council North Korea
sanctions committee – suggested that the blacklisted State had used “widespread
and increasingly sophisticated” hacks to collect roughly $2 billion.

A new lengthier version of the report, seen by Associated Press, details how
North Korea may have carried out at least 35 hacks in 17 countries – including
Malta - and that US experts are investigating.

The report does not make clear exactly what North Korea hackers targeted but
sources have told Times of Malta that it is likely to have been the Bank of
Valletta cyber attack last February. 

The Sunday Times of Malta this week reported that FBI experts were probing the
possibility that hackers who broke into Bank of Valletta’s systems were working
for a “blacklisted state”.



RELATED STORIES

 * How BOV hackers got away with €13 million



Sources said the Malta Security Services and the state IT agency MITA were
working with a team from the US Federal Bureau of Investigation after suspicions
that the hack could have been part of a string of similar attacks across the
world.

The Sunday Times had quoted senior sources who singled out North Korea as the
lead suspect.  


WHO ELSE DID NORTH KOREA ATTACK?

Meanwhile, the UN says that South Korea bore the brunt of the efforts, having
suffered 10 attacks. 

The nation’s Bithumb cryptocurrency exchange is said to have been hacked at
least four times.

India came next with three cyberattacks, while Bangladesh and Chile each had two
attacks. 

Thirteen countries suffered one attack each, listed in the report as: Costa
Rica, Gambia, Guatemala, Kuwait, Liberia, Malaysia, Malta, Nigeria, Poland,
Slovenia, South Africa, Tunisia and Vietnam.

North Korea is believed to have generated an estimated €2 billion for its
weapons of mass destruction programmes using “widespread and increasingly
sophisticated” cyber-attacks to steal from banks and cryptocurrency exchanges.


WHAT HAPPENED AT BANK OF VALLETTA? 

Back in Malta, sources told Times of Malta that a review of the BOV breach had
already uncovered how hackers could have been attempting to infiltrate as far
back as last October.



BOV went totally dark last February when hackers got away with €13 million.



A source said similar “phishing” – a method used to break into a computer system
via electronic communication – had first been detected locally some 10 months
ago. This had the same digital fingerprint as the hacking group believed to have
carried out the successful heist in February.

The hacking group is also believed to have targeted another Maltese bank,
however, their attempts to infiltrate appear to have been unsuccessful.
The hackers were believed to have broken into the Autorité des Marchés
Financiers which regulates the stock exchange in France.

They then sent out e-mails to Maltese and French entities posing as the
authority using an innocent looking e-mail that included the authority’s
official letterheads and a  decoy document that, when clicked on, gave the
hackers access to the bank’s systems.

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IVAN MARTIN

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