North Korean hacking group, Lazarus, figured out a way to exploit out-dated software for ATM machines in order to inject malware. The malware allows hackers to access what is being called FASTCash, which is what the U.S. Government refers to as an act of perpetrating a cash-out scheme illegally. According to Data Breach Today, the U.S. government says the FASTCash attacks are the work of the Lazarus hacking group, tied to the Pyongyang-based government of North Korea.
Since 2016, the Lazarus hacking group has used malware to target out-dated ATMs and have successfully drained tens of millions of dollars from banks across Africa and Asia. The cyber attacks by Lazarus have exposed the banks mostly opposed to customers of the banks, according to reports. The financial sector repeatedly experiences attacks and breaches because they appear as low hanging fruit to hackers as they have out-dated systems and lack of end user awareness.
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