Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

This article explains the latest spate of attacks on banks in Bangladesh and Southeast Asia, which security researchers say is the first time that a nation has used malicious code to steal purely for financial profit. The country is North Korea.

1. Security researchers and American government officials have tied thousands of attacks to nations in the past, but why were these different?
2. How have security researchers tied several attacks together and point to them being from the same group?
3. What is Swift and how does it figure into this story?

Perlroth, N. and M. Corkery. (2016). North Korea Linked to Digital Attacks on Global Banks. The New York Times, May 26 (Retrievable online at