Sony Picture Hackers Accused of Cyber Crimes, Trying to Bilk $1.3B

Sam Blake

Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake

Sony Picture Hackers Accused of Cyber Crimes, Trying to Bilk $1.3B

Three North Korean hackers allegedly tied to the infamous 2014 attack on Sony Pictures Entertainment have been indicted for a wide range of cybercrimes, including an attempt to steal and extort over $1.3 billion in fiat and cryptocurrency.

The U.S. Department of Justice filed the indictment to a Los Angeles federal court in December but it wasn't unsealed until Wednesday. It accuses Jon Chang Hyok, 31, Kim Il, 27 and Park Jin Hyok, 36, of being members of a North Korean military agency that engaged in criminal hacking, including the 2014 cyberattack on Sony in retaliation for the studio's depiction of a fictional assassination of the North Korean leader in "The Interview."


The indictment expands on previous charges levied by the DOJ in 2018.

It also pegs the men to several other heists, schemes, extortions, and computer viruses that allegedly occurred between 2015 and 2020.

From 2015 through 2019, the three are accused of attempting to steal more than $1.2 billion from banks in Vietnam, Bangladesh, Taiwan, Mexico, Malta and unspecified locations in Africa by hacking the banks' computer networks.

Park Jin Hyok, Kim Il and Jon Chang Hyok Left to right: Park Jin Hyok, Kim Il and Jon Chang Hyok were indicted by the FBI for cyber crimes on Wednesday.

Park Jin Hyok, Kim Il and Jon Chang Hyok

From December 2017 through August 2020, the cabal allegedly tried to steal over $100 million in cryptocurrency from companies in Slovenia, Indonesia and New York.

The hackers are also alleged to be behind the WannaCry ransomware, which unleashed a worldwide attack that infected an estimated 200,000 Windows computers in 2017. They demanded a ransom payment made in Bitcoin to restore the computers to working condition.

Jon, Kim and Park are charged with one count of conspiracy to commit computer fraud and abuse, with a maximum sentence of five years in prison; and one count of conspiracy to commit wire fraud and bank fraud, which carries a maximum sentence of 30 years.

The investigation was led by the FBI's L.A. field office.

Subscribe to our newsletter to catch every headline.

Cadence

Greater Good Health Raises $10 Million To Fix America’s Doctor Shortage

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

Greater Good Health Raises $10 Million To Fix America’s Doctor Shortage
Courtesy of Greater Good Health

The pandemic highlighted what’s been a growing trend for years: Medical students are prioritizing high-paying specialty fields over primary care, leading to a shortage of primary care doctors who take care of a patient’s day-to-day health concerns. These physicians are a cornerstone of preventative health care, which when addressed can lower health care costs for patients, insurers and the government. But there’s a massive shortage of doctors all over the country, and the pipeline for primary care physicians is even weaker.

One local startup is offering a possible answer to this supply squeeze: nurse practitioners.

On Wednesday, Manhattan Beach-based Greater Good Health unveiled a $10 million Series A funding round led by LRVHealth, which adds to the startup’s $3 million seed round last year. The company employs nurse practitioners and pairs them with doctor’s offices and medical clinics; this allows nurse practitioners to take on patients who would otherwise have to wait weeks, or even months, to see a doctor.

Read more Show less

Plus Capital Partner Amanda Groves on Celebrity Equity Investments

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
PLUS Capital​’s Amanda Groves.
Courtesy of Amanda Groves.

On this episode of the L.A. Venture podcast, Amanda Groves talks about how PLUS Capital advises celebrity investors and why more high-profile individuals are choosing to invest instead of endorse.

As a partner at PLUS, Groves works with over 70 artists and athletes, helping to guide their investment strategies. PLUS advises their talent roster to combine their financial capital with their social capital and focus on five investment areas: the future of work, future of education, health and wellness, the conscious consumer and sustainability.

Read more Show less

Rivian Stock Roller Coaster Continues as Amazon Van Delivery Faces Delays

David Shultz

David Shultz is a freelance writer who lives in Santa Barbara, California. His writing has appeared in The Atlantic, Outside and Nautilus, among other publications.

Rivian Stock Roller Coaster Continues as Amazon Van Delivery Faces Delays
Courtesy of Rivian.

Rivian’s stock lost 7% yesterday on the back of news that the company could face delays in fulfilling Amazon’s order for a fleet of electric delivery vans due to legal issues with a supplier. The electric vehicle maker is suing Commercial Vehicle Group (CVG) over a pricing dispute related to the seats that the supplier promised, according to the Wall Street Journal.

Read more Show less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending