Personal computer hacking, worldwide money laundering, cutting edge cryptocurrency thefts... If the allegations against North Korea are correct, then it seems numerous men and women have underestimated the country's technical ability and the danger it presents. Lee was born and raised in Pyongyang but lived for years in Dalian, exactly where his father was a well-connected businessman operating for the North Korean government - till the family members defected in 2014. The bustling port city across the Yellow Sea from North Korea was dwelling to about 500 North Koreans when he was living there, Lee says. As the cash stolen from Bangladesh Bank was laundered by way of the Philippines, numerous hyperlinks to Macau began to emerge. Various of the guys who organised the gambling jaunts in the Solaire had been traced back to Macau.
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Why did the hackers only steal the money a whole year soon after the initial phishing e mail arrived at the bank? Why risk becoming found although hiding inside the bank's systems all that time? Simply because, it appears, they required the time to line up their escape routes for the dollars. "So you see the elegance of the attack," says US-based cyber-safety professional Rakesh Asthana. Bangladesh Bank is the country's central bank, responsible for overseeing the precious currency reserves of a country exactly where millions reside in poverty. I want to acquire weekly e mail newsletters on Korean asset owners and developments in Korean capital industry.
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