Summary of Geoff White's The Lazarus Heist , livre ebook

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32 pages

English

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Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 The men were recruited to hit as many ATMs as possible in the Indian city of Kolhapur, and they did. By 10 p. m. , the operation was over. They handed the cash to their bosses and pocketed their share. They were paid up to $500.
#2 The Lazarus Group, a hacking unit, is believed to be behind the August heist. They have co-ordinated attacks on international banking systems with breath-taking efficiency. North Korea’s government hackers have become some of the most effective and dangerous on the planet.
#3 North Korea’s financial situation has become increasingly dire since the 1990s, when the country began developing nuclear weapons. The country has little chance of making money legitimately, so it has turned to crime to fund itself.
#4 The hackers accessed the bank’s ATM withdrawals system, and began to send staccato messages across the globe to make sure that the right person was getting the right amount of money. This system is the reason why you can visit any ATM in the world and receive cash, even if the ATM isn’t run by the bank where you have your account.

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Political Science

Terrorism

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Publié par	Everest Media LLC
Date de parution	25 juillet 2022
Nombre de lectures	0
EAN13	9798822547261
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0200€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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Insights on Geoff White's The Lazarus Heist
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8 Insights from Chapter 9 Insights from Chapter 10 Insights from Chapter 11 Insights from Chapter 12 Insights from Chapter 13 Insights from Chapter 14 Insights from Chapter 15
Insights from Chapter 1

#1

The men were recruited to hit as many ATMs as possible in the Indian city of Kolhapur, and they did. By 10 p. m. , the operation was over. They handed the cash to their bosses and pocketed their share. They were paid up to $500.

#2

The Lazarus Group, a hacking unit, is believed to be behind the August heist. They have co-ordinated attacks on international banking systems with breath-taking efficiency. North Korea’s government hackers have become some of the most effective and dangerous on the planet.

#3

North Korea’s financial situation has become increasingly dire since the 1990s, when the country began developing nuclear weapons. The country has little chance of making money legitimately, so it has turned to crime to fund itself.

#4

The hackers accessed the bank’s ATM withdrawals system, and began to send staccato messages across the globe to make sure that the right person was getting the right amount of money. This system is the reason why you can visit any ATM in the world and receive cash, even if the ATM isn’t run by the bank where you have your account.

#5

The hackers accessed the bank’s computer systems and changed the software to allow for unlimited withdrawals. They then created bank cards for each of the 450 accounts they had chosen, and attached them to the accounts. The most sensitive information on the cards is held on the black stripe on the back, which is scanned as it’s pushed into the cashpoint slot.

#6

To create a bank card that’s readable by an ATM, all you need is a blank card with a magnetic stripe on the back and a machine that can electronically imprint the required information on to the stripe. But hackers also needed accomplices to withdraw the money. They recruited people through the dark web, a hidden, encrypted part of the Internet that’s rife with criminal sites.

#7

The FBI was able to predict the tactics that would be used in the heists: hackers would create fraudulent copies of legitimate cards by sending stolen card data to co-conspirators who imprinted the data on reusable magnetic stripe cards.

#8

The Cosmos Co-operative Bank hack was the result of a series of robberies carried out using the SWIFT system. The bank was robbed of around $11 million, and it lost $500,000 in the commission payments it would have received for the withdrawals.

#9

North Korea has been linked to the Cosmos Bank heist, as well as the FASTCash criminal campaign that targeted the retail payment system infrastructure within banks to enable fraudulent ATM cash withdrawals across national borders.
Insights from Chapter 2

#1

North Korea is the world’s oldest surviving socialist state. It was established in 1948 and has outlasted dozens of other hard-left countries. The boundary between the North and South was set at the 38th parallel, a line which circumnavigates the globe.

#2

The conflict between North and South Korea never ended, and the country was locked in its current, grinding position. North Korea’s leaders do not feel they can back down, as they fear being overrun by enemies they have hated and isolated the country from for so many decades.

#3

Kim Il Sung’s role in the Korean War also varies depending on who is telling the story. In reality, Kim wanted conflict, and he had pushed the Soviet Union to support his military plan. But his own historians tell us that the war was started by the South, led by the United States, in a bid to take over the entire peninsula.

#4

North Korea’s post-war boom was largely funded by the Soviet Union. The idea that North Korea’s success might be built on Russian patronage was deeply offensive to Kim, because it undermined a key plank of his ideology: self-reliance.

#5

As the 1960s came to an end, North Korea was beginning to struggle. It couldn’t let its people know, though, as that would tarnish Kim Il Sung’s reputation as a successful provider.

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