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Report: North Korea “Hacked” Into Nigerian Bank Accounts

Chacha Wabara by Chacha Wabara
April 7, 2017
in Business News
Report: North Korea “Hacked” Into Nigerian Bank Accounts
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Nairametrics| Heavyweight cyber security outfit, Kaspersky, has listed Nigeria as one of the 17 countries hackers from North Korea have attempted to steal money from using cyber-attacks, ThisDay reports. According to two international security experts, it is likely that these attacks are meant to raise funds that North Korea needs to further its nuclear program.

According to the report from Kaspersky, the hackers launch cyber-attacks from computer servers far from North Korea to hide their location with the exception of one connection from the Asian country. “North Korea is a very important part of this equation,” said Vitaly Kamluk, who leads Kaspersky’s Asia-Pacific research team.

An in-depth investigation revealed that North Korea has a history of being accused of cyber-attacks on financial institutions in other nations. In 2013, South Korea accused it of attacks on their banks; while in 2015, they were also accused of attacking a commercial bank in Vietnam. The report lists Nigeria and Gabon as victims of their latest attacks.

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While many of the attacks were unsuccessful, some have had a measure of success, such as the routing of millions of dollars in Bangladesh’s account at the US Federal Reserve last year. This possibility highlights the need for Nigerian banks as well as the CBN to review their cyber-security protocols and programs to ensure that Nigeria and Nigerians’ funds are safely kept against cyber-attacks from international hackers.

 


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Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

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Comments 1

  1. Anodebenze says:
    April 8, 2017 at 2:14 pm

    We hope the lord God will maintain his position and remain till 2025,hacking by who and by whom.it looks some Syrians of the syrian armed forces did some hacking,that why president trump of America gave this bullying order to bomb some innocent Syrians suffering from civil war,and adding pains and sorrows to the people of Syria..those north Koreans are the perceived enemy of America.a couple of years ago it was the time of the Chinese to be the enemy of united states,now it’s the crime of the Russians to be accused of hacking by the America.
    We hope that the americans will help us,in bombing north korea,sorry folks I forgets north Koreans are not our enemy.now on what ground will north korea hack in Nigeria. we have about 3 level of cyber attack of security in computer.only high -tech hacking and time makes hacking possible,and In most case are detected.now what an empty story that will not fly any where except in cnn or bloomberg

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