The China Post
Date: April 5, 2017
By: Kuan-lin Liu
TAIPEI, Taiwan — The Financial Supervisory Commission stated it had received no reports of North Korean cyberattacks on any local financial institutions, after a CNN story Tuesday suggested Pyongyang was targeting Taiwanese banks.
The commission, Taiwan’s financial regulator, said all local banks had been on “high alert” regarding cybersecurity breaches following an NT$80 million heist of First Commercial Bank ATMs last year.
The North Korean hacking operation, code-named “Lazarus,” had reportedly previously attacked financial institutions in Bangladesh, Ecuador, the Philippines, and Vietnam.
In response to these claims, an anonymous source working in Taiwan’s finance industry said that the country’s financial security was “far superior to that seen in the Philippines or in Vietnam.” [FULL STORY]