ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
International relations

North Korea ramps up ransomware attacks in hunt for cash

Emerging cyber power trains 1,000 digital 'warriors' a year

SEOUL -- North Korea is firing a fusillade of ransomware attacks outside its borders, turning to cryptocurrency extortion for easy money as tough international sanctions bite.

Pyongyang has increasingly targeted small and midsize businesses in South Korea with ransomware since 2018, apparently to exploit weak security and the common language, according to a source with knowledge of the North's illegal financing activities. The South's National Intelligence Service reports 1.58 million attempted cyberattacks a day here.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more