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03-Dec-2016 17:02

In a man-in-the-middle attack, a cyber-attacker intercepts a user’s online communications.

Through this interception, the cyber-attacker might gather information as it is transmitted over the network.

International cybercriminal groups have used man-in-the-middle attacks to intercept corporate payment requests, with the ultimate goal of having payments made into accounts that they control.

recently reported on evidence that North Korea-linked hackers—a group referred to as Lazarus or Bluenoroff—have been behind recent cyberattacks on financial institutions in Africa, Asia, Europe, the Middle East and Latin America.

These cyberattacks coincided with Russian military action to curb Georgian efforts to increase its control over the South Ossetia and Abkhazia regions, which have had historically strong ties to Russia. Specifically, the North Korean government was suspected of launching cyberattacks against Asian banks in South Korea, the Philippines, Vietnam and Bangladesh for financial gain. However, stronger encryption can make financial crimes investigations more complex, as criminal organizations and terrorists take advantage of encrypted communications to evade detection. have denied links to the global Wanna Cry ransomware cyberattack.



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