8/8/2023 0 Comments Lazarus group motives![]() ![]() The attackers used stolen credentials to inject custom malware at the bank that was able to delete all payment instructions from the targeted database, modify SWIFT messages, including start- and end-of-day statements, and also bypass integrity verification checks built into the system. bank, which remits an acknowledgement before sending funds to an offshore bank. dollars, emitters send payment instructions to a U.S. ![]() Watteyne explained that with an international transaction of U.S. ![]() “They were able to make sure all messages sent from the bank and statements from the U.S. “They had sophisticated knowledge on a business level,” Watteyne said. They learn the inner workings of SWIFT software and develop and implement patches that allow the attackers to steal significant amounts of money without leaving a trace behind on the hacked systems.ĭries Watteyne, SWIFT head of customer security intelligence, also appeared at SAS and said the attackers had intimate knowledge of how the SWIFT network processes transactions and messages between financial institutions. The attackers, researchers said, aren’t looking for smash-and-grab bank robberies. SWIFT is a global network supporting financial transactions and messaging between institutions. Vitaly Kamluk of Kaspersky Lab and Adrian Nish and Sergey Shevchenko of BAE Systems today published an update on Lazarus and Bluenoroff, pinning to them their unique interest in SWIFT software. The group has also been connected to an attack earlier this year against banks in Poland, based on code strings and wiper malware discovered and known to be part of Lazarus’ arsenal. The group, widely believed to be North Korean, has been linked to a February 2016 attack against the Bangladesh Central bank that resulted in more than $850 million in fraudulent SWIFT network transactions, $80 million of which still has not been recovered.Īt the Security Analyst Summit, researchers from Kaspersky Lab and BAE Systems explained how the splinter group, known as Bluenoroff, has almost exclusively hit financial institutions, casinos, financial trade software development companies and cryptocurrency businesses. SINT MAARTEN-The Lazarus Group, a nation-state level of attacker tied to the 2014 attacks on Sony Pictures Entertainment, has splintered off a portion of its operation to concentrate on stealing money to fund itself. ![]()
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