Wednesday, March 29th, 2017 MST

North Korea linked to $81 million theft

According to Symantec, North Korea probably is responsible for the $81 million theft from Bangladesh’s central bank.  Researchers at the digital security firm uncovered “a rare piece of code” that had been seen in previous hacking cases by North Korea.

The theft is believed to be the first by a nation for purely financial gain.  North Korea, the world’s most totalitarian state, suffers horrendously from central planning and sanctions imposed by the West for its bellicosity and development of nuclear weapons.

It appears that North Korea goes after third world banking systems where security is less rigorous than in the US and other developed countries.  North Korea is infamous in the banking community for counterfeiting earlier versions of US $100 bills, known as “North Korean supernotes,” which are nearly flawless fakes.

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