London Daily

Focus on the big picture.
Thursday, Oct 01, 2026

U.S. Calls North Korean Hackers ‘World’s Leading Bank Robbers’

U.S. Calls North Korean Hackers ‘World’s Leading Bank Robbers’

North Korea was accused of being behind the 2014 hack of an internal computer network of Sony Pictures Entertainment Inc., an audacious attack that exposed Hollywood secrets and destroyed company data.

On Wednesday, U.S. officials said that was only the beginning.

In indicting three North Korean computer programmers for their involvement in the Sony hack and other attacks on global banking, financial, entertainment and cryptocurrency entities, the U.S. Justice Department accused them and a group of conspirators of extorting more than $1.3 billion of cash and cryptocurrency.

The attacks included the attempted theft of nearly $1 billion from the central bank of Bangladesh in 2016, and a year later, holding two Central American casinos hostage for more than $2.5 million in ransom, according to U.S. officials.

More recently, the group has focused on stealing cryptocurrencies, according to prosecutors. The hackers discreetly injected malicious software into their own line of digital currency applications, granting them access to the devices of their victims, which included cryptocurrency companies in Slovenia and Indonesia and an unnamed financial services firm in New York.

In all, the victims of the cryptocurrency scam lost more than $100 million, according to the U.S.

North Korea’s hackers “have become the world’s leading bank robbers,” said John Demers, head of the Justice Department’s National Security Devision. “Simply put, the regime has become a criminal syndicate with a flag, which harnesses its state resources to steal hundreds of millions of dollars.”

The Indictment


The North Korean hackers were identified as Jon Chang Hyok, Kim Il and Park Jin Hyok. Other North Koreans allegedly involved in the conspiracy weren’t named. The indictment unsealed Wednesday expands on a criminal complaint charging Park in 2018 for his alleged involvement in a conspiracy to conduct multiple cyber-attacks, including the Sony hack.

In the face of global sanctions to punish it for its nuclear weapons program, North Korea has relied heavily on cybercrime to fill its depleted coffers. It had taken in about $2 billion in 2019 through the worldwide theft of resources from the financial sector, according to testimony to a U.S. House committee in June.

The alleged hacking campaign outlined on Wednesday was part of an elaborate operation aimed at collecting money for North Korea’s Reconnaissance General Bureau, a military intelligence agency.

Pyongyang uses the Reconnaissance General Bureau to run its cybercrimes, according to a United Nations Panel of Experts responsible for investigating North Korea’s sanctions evasion. The agency’s hacking units are known as Lazarus Group and APT38.

As the North Korean hackers targeted institutions around the globe, from Los Angeles to Malta to Taiwan, the victims were either forced to or unknowingly lured into paying to prop up the North Korean regime, Demers said.

“According to several Member States, as well as open-source reports, the Democratic People’s Republic of Korea continues to target virtual asset service providers (for example, cryptocurrency exchange houses) and financial institutions for the purpose of evading United Nations sanctions,” the UN Experts’ panel said in a report last year.

Canadian Accomplice


To help move their money, the North Koreans allegedly turned to a Canadian man, Ghaleb Alaumary, who’s accused of organizing teams to launder millions of dollars stolen from automated teller machines, the U.S. said. Their victims included Pakistan’s BankIslami and an Indian bank, according to prosecutors.

Newsletter

Related Articles

0:00
0:00
Close
Southwest England Faces Flood Alerts After Heavy Autumn Storms
UK Expands Funding for Rapid Electric Vehicle Charging Infrastructure
Welsh Government Approves Funding to Upgrade South Wales Transport
Northern Ireland Tensions Rise as Orange Order Rejects Drumcree Compromise
NHS Leaders Back Early Design of Proposed National Care Service
More Than One-Third of Regional UK Universities Face Financial Deficits
UK Current Account Deficit Narrows as Cross-Border Financial Flows Remain Strong
Bank of England and FCA Issue New Rules for Stablecoins and Digital Assets
MI5 Warns UK Universities Over Research Links With Chinese Institutions
UK Energy Price Cap Rises 4% as Electricity VAT Is Temporarily Suspended
Equity Calls for UK Personality Rights to Protect Performers From AI Replication
OpenAI Pauses Advanced Model Training Following Safety Concerns
Scottish Government Proposes Replacing 32 Councils With Larger Regional Authorities
Ofgem Raises UK Household Energy Price Cap by 4% From October
UK Counter-Terrorism Police Continue Investigation After Five Arrests Near RAF Fairford
OECD Cuts UK 2027 Growth Forecast to 1%
Labour Says State Pension Triple Lock Remains Protected Through Current Parliament
Andy Burnham Pledges National Care Service With Free Social Care in England
Six Flags Permanently Shuts Landmark X2 Roller Coaster Following Safety Scandals
Metropolitan Police Rule Out Terrorism in Golders Green Stabbing Investigation
Lithium-Ion Battery Identified as Cause of Fatal Merseyside House Fire
UK Department Rejects New Sea Use Framework Due to Stakeholder Fatigue
Major Thames Water Pipe Burst Causes School Closures in London
Aldi Commits £900 Million to Expand UK Supermarket Network
Scottish Affairs Committee Warns Skills Shortages Threaten Defence Sector Expansion
Parliamentary Committee Warns Northern Ireland Budget Deadlock is Stalling Economic Growth
NHS Hospitals in England Face Severe Shortages of Essential Medications
Home Secretary Signals Major Overhaul of UK Immigration and Leave to Remain Policies
Chancellor Promises New Job Schemes Alongside Strict Fiscal Discipline
Energy Secretary Proposes Taxpayer-Funded Green Transition and National Electricity Grid
UK Government to Renationalise Avanti West Coast Railway Franchise in March
Prime Minister Andy Burnham Pledges Major Social Care and Infrastructure Reforms
Five Suspects Released on Bail Following Alleged Bomb Plot Near RAF Fairford
UK Diesel Prices Hit Record High of 199p Per Litre
Transport for Wales and Network Rail Complete Electrification of South Wales Metro
Defra Expands Incentives for Sustainable Farming and Biodiversity in England
Northern Ireland Executive Approves Funding Package to Resolve Public Sector Pay Disputes
Universities UK Warns of Financial Insolvency Risks for Higher Education Institutions
UK Prisons Activate Emergency Protocols to Manage Capacity Pressures
UK Government Establishes New Safety Standards for Frontier AI Models
Home Office Tightens Skilled Worker Visa Requirements and Dependent Rules
Ministry of Defence Restructures Royal Navy Frigate Procurement to Prevent Overruns
UK Government Mandates New Housing Targets to Address National Shortage
UK and Scottish Governments Reach Agreement on North Sea Energy Transition
NHS Launches Digital Overhaul to Reduce Surgical Backlogs in England
Bank of England Holds Interest Rates as Service Sector Inflation Persists
UK Chancellor Announces Fiscal Consolidation Measures to Stabilize National Debt
RNLI Chief Executive Condemns Misinformation and Abuse Targeting Volunteer Crews
Metropolitan Police Charge Swindon Man with Assisting Foreign Intelligence Services
British Intelligence Report Warns Environmental Collapse Threatens Global Defense Infrastructure
×