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How North Korea's unstoppable hackers are weaponising AI

How North Korea's unstoppable hackers are weaponising AI

In their relentless quest for foreign currency, North Korean cybercriminals have turned to
artificial intelligence as a powerful new tool – one that analysts warn may be nearly impossible to block.
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Despite efforts by major US-based AI companies, such as OpenAI and
Google , to crack down on accounts linked to Pyongyang's state-backed hackers, cybersecurity experts say these measures are unlikely to stem the tide.
Since late January, OpenAI, the creator of
ChatGPT , and Google have announced measures to shut down accounts suspected of being tied to North Korean operatives. They have also revealed how their platforms have been manipulated for illicit purposes. But the regime's hackers and scammers can easily bypass restrictions using virtual private networks, shell companies and brokers, industry insiders warn.
'Threat actors will use the cheapest and most efficient tool to get the job done,' Rafe Pilling, director of threat intelligence at the US-based cybersecurity firm Secureworks, told This Week in Asia.
'Many cybercriminals prefer online services that are free to sign up for or can be paid for via cryptocurrency. This would likely be true for North Korean IT workers as well.'
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North Korean operatives need not rely solely on US-based AI tools like ChatGPT or Google Gemini, either. Analysts point out that cheaper, more accessible generative AI platforms are being developed worldwide – and some may offer fewer safeguards against misuse.

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World's most powerful ex-New Yorker gets a DC military parade
World's most powerful ex-New Yorker gets a DC military parade

Asia Times

time11 hours ago

  • Asia Times

World's most powerful ex-New Yorker gets a DC military parade

Donald Trump's plan for a military parade on June 14, 2025, officially to celebrate the 250th anniversary of the U.S. Army as well as coinciding with the president's 79th birthday, is yet another indication of his affinity for authoritarian leaders and regimes. Although the parade, which will include 6,000 soldiers, 150 military vehicles and 50 helicopters − and will temporarily close Reagan National Airport and cost more than US$45 million − is ostensibly to celebrate the military, the idea is pure Trump. When pressed about his desire for the parade, the president has explained his reasoning for having the parade. 'We had more to do with winning World War II than any other nation. Why don't we have a Victory Day? So we're going to have a Victory Day for World War I and for World War II.' While big military parades in Washington, D.C., other than immediately following a major military victory, are largely without precedent, there is another American city that has a much richer tradition of parades. That city is New York. New York is a parade town. It's also a city with which Trump has a long, complex relationship. Trump was born in New York and began his business career there. Before Trump was a politician, or even a reality TV star, he was a fixture in the New York tabloids. His marriages, divorces, dating life and business successes and failures were splashed across more headlines than can be easily counted beginning in the early 1980s, but Trump was always presented as a clownish figure, albeit a very rich one. In those years, continuing into the first decade of this century, the local media always presented him as gaudy, loud and not quite as business savvy as he claimed – hence the coverage of his bankruptcies. While much of the rest of the country bought the Trump narrative that he was a brilliant businessman surrounded by beautiful women, doting staff and fawning celebrities, many New Yorkers never did. New Yorkers, including me, remembered an earlier Trump who almost ran the family business into the ground over many years. Nonetheless, New York has always been important to Trump. Although he still is a well-done steak with ketchup kind of guy, while New York is a soup dumplings, or bagels and lox, or arroz con pollo, or even caviar kind of town, Trump still has a connection to this city and wants to be celebrated here. And the city celebrates with big parades honoring everything from sports championships, which used to be much more common for New York teams, to the U.S. winning wars, most recently following the first Gulf War in 1991. Additionally, New York has parades for many of the hundreds of ethnic groups that make up the city. For decades on Thanksgiving Day, as they roast their turkey, prepare the stuffing and finalize preparations for the traditional feast, millions of Americans have watched the Thanksgiving parade, which is always held in Manhattan, frequently referred to as the Macy's Day parade because Macy's has long sponsored the event. In many of New York City's legendary parades, including those celebrating LGBTQ+ pride, the Puerto Rican Day Parade, St. Patrick's Day, West Indian American Day and others, politicians march, often in the lead, alongside their constituents. Some, like the Thanksgiving parade, have their own rituals, such as watching the balloons being inflated behind the American Museum of Natural History on the evening before Thanksgiving. However, the most famous of all parade types in New York is the ticker-tape parade. Dating from the days when paper, not computers, dominated trading floors and offices, people would throw ticker tape and other papers out their windows as the parade passed through the Financial District area that became known as the Canyon of Heroes. Not all New York parades are the same. Some, like the Thanksgiving parade, are simply fun and celebratory. Ticker-tape parades honor individuals or groups that have accomplished something significant, like landing on the Moon or winning the Super Bowl. They can recognize important foreign guests and dignitaries, while other parades celebrate the contributions of various peoples or groups of New Yorkers. But New Yorkers never throw parades for their politicians and tend to favor drums and floats rather than tanks and soldiers at these events. An avalanche of confetti rains down on Aug. 13, 1969, honoring the three astronauts of the Apollo 11 mission, who became the first people to walk on the Moon. Bettman/Getty Images While there are parades for all kinds of people and events in New York, there has never been a parade there for Donald Trump. There was a pretty massive street party in the city when it was announced that Trump had lost the 2020 election. Although Trump changed his primary residence to Florida in 2019, Trump was a New Yorker for many years and like many longtime residents had the chance to see many heroes – Mickey Mantle, John Glenn, Tom Seaver, Derek Jeter, Eli Manning, Nelson Mandela, American war veterans, numerous foreign leaders and many others – feted with a parade down the Canyon of Heroes. Jeter was celebrated five times, John Glenn and Mickey Mantle twice. It is impossible to know Trump's motivations for pushing the parade in the nation's capital. But we also know that he is a man who holds himself in high regard and craves attention. Trump will likely never get a parade in his erstwhile hometown, so Washington must be the next best thing. Trump's newfound parade fetish underscores his love-hate relationship with New York. New York is the city that made him famous and made his family, primarily because of his father's work, very rich. It is also the city that has repeatedly rejected Trump. It is the home of some of his worst real estate deals, the place where the business community lost patience with his antics and unwillingness to pay contractors, and where three times the voters turned out in huge numbers against him. A Washington, D.C., parade celebrating an unappreciated New Yorker who years ago decamped to Florida and Washington is a pale imitation of the Canyon of Heroes, where New Yorkers honor beloved leaders, war heroes, explorers and their favorite sports stars. But it is all Trump has. Lincoln Mitchell is a lecturer, School of International and Public Affairs, Columbia University. This article is republished from The Conversation under a Creative Commons license. Read the original article.

Price war sparks EV financial crisis concerns in China
Price war sparks EV financial crisis concerns in China

Asia Times

time17 hours ago

  • Asia Times

Price war sparks EV financial crisis concerns in China

BYD, the world's largest electric vehicle (EV) manufacturer, is facing growing challenges from an intensifying price war and a change in supplier payment regulations in China, raising market concerns about the company's financial stability. On May 23, the Shenzhen-based EV maker initiated a price war in China by offering discounts of 10 to 30%. It priced some affordable models under 150,000 yuan (US$20,890), and the Xia MPV (multi-purpose vehicle) at around 200,000 yuan. It also offers its Ocean range's Seagull at a starting price of 55,800 yuan, down from the official guide price of 69,800 yuan. BYD's Hong Kong-listed shares have fallen by 15.5% from their peak of HK$155 (US$19.7) on May 23. The company's market cap has decreased by some US$22 billion over the period. BYD executive vice president Stella Li told Bloomberg in an interview on June 12 that the 'very extreme, tough competition' in the Chinese EV market is unsustainable. Li did not say whether BYD would scale back its discount program, but she stated that the company will invest up to $20 billion to expand its operations in Europe over the next few years. She highlighted Germany, the United Kingdom and Italy as BYD's key European markets. 'If we decide to do something, we put all our resources behind it,' she said, referring to the company's commitment to after-sales service in Europe. 'We want to ensure it's successful in the long run.' Last October, the European Union imposed tariffs ranging from 17% to 35.3% on Chinese EVs (BYD: 17%, Geely: 18.8%, SAIC and others: 35.3%). China suggested setting minimum prices for the EVs it ships to the EU. Both sides are still negotiating the matter. In March, BYD said it is considering setting up its third European assembly plant in Germany. It has a factory in Hungary and is building another in Turkey. When BYD announced its price cuts on May 23, one of its rivals warned of a possible Evergrande-like debt crisis in China's auto sector on the same day. (Evergrande is China's highly indebted property company that has come to epitomise the sector's ongoing crisis.) 'An Evergrande of the auto industry already exists, though it has yet to explode,' Wei Jianjun, chairman of Great Wall Motors, said in an interview without naming any company. 'The current automobile industry is facing a serious problem of being coerced by capital,' Wei said. 'Some automakers are addicted to burning money for market share.' He said some Chinese automakers over-rely on financing from the capital market to boost production scale and market share, but ignore their profitability and technological innovation. He said these firms' capital chains will break if the market environment changes. He stated that the bankruptcy of any large auto firm would result in many people losing their jobs, harm upstream and downstream companies, and negatively impact the Chinese economy. Li Yunfei, general manager of BYD's brand and public relations division, responded to Wei's comments in a Weibo post on May 30. 'Following the stunning comments made by Great Wall Motors' Wei, many articles and videos said BYD is an Evergrande in the auto sector,' Li said. 'I feel confused and angry, and find these comments laughable.' 'If BYD's debt-to-asset ratio (70%) is a sign of high risk, are Ford (84%), General Motors (76%), and Geely (68%) all at risk?' he said. He said many malicious commentators ignored that BYD's interest-bearing debts and accounts payable are lower than many other players. He added that Chinese EVs have become mainstream products overseas and will continue to see good prospects. The Ministry of Industry and Information Technology (MIIT) said on May 31 that automakers should avoid disorderly price wars and maintain fair competition. The People's Daily commented that consumers would not benefit from price wars, which would drive automakers to use low-quality parts, reduce after-sales service and cut research and development expenses. Citing industry data, the newspaper reported that the average net margin of Chinese automakers fell to 4.3% in 2024, down from 5% in 2023. For 2024, BYD's net profit rose 34% to 40.3 billion yuan, while revenue grew 29% to 777.1 billion yuan. At the end of 2024, the company's total debt rose 10.3% to 584 billion yuan, and its total assets increased 15.3% to 783 billion yuan. Its debt-to-asset ratio, or debt ratio, fell 3.2 percentage points to 74.64%. For the same period, Nio, a Shanghai-based EV maker, had a debt ratio of 87.45%, and Great Wall Motors' was 65.96%. Heavily indebted Chinese property developers have around 60-90% debt ratios. However, accounting consultancy GMT Research said in January that BYD's net debt might be 323 billion yuan as of mid-2024, contrasting with the official figure of 27.7 billion yuan. It stated that the company's Dilink platform, a supply chain financing system, may conceal a substantial amount of off-balance sheet debt. In other words, BYD may have delayed supplier payments. Wang Guo-chen, an assistant researcher at Taiwan's Chung-hua Institute for Economic Research (CIER), said BYD is only one of the many Chinese firms struggling to survive in an oversupplied market. On March 25, China's State Council amended the Regulation on Ensuring Payments to Small and Medium-Sized Enterprises, requiring companies to pay their suppliers within 60 days, effective June 1. BYD said on June 11 that it will standardize its payment period for suppliers to 60 days. Observers said automakers may thus report higher debt ratios in the second half. Read: Sugon, its suppliers hit by US sanctions, to merge with Hygon

Hong Kong Originals: The 85-year-old flask brand that bears witness to rise and fall of city's manufacturing era
Hong Kong Originals: The 85-year-old flask brand that bears witness to rise and fall of city's manufacturing era

HKFP

time17 hours ago

  • HKFP

Hong Kong Originals: The 85-year-old flask brand that bears witness to rise and fall of city's manufacturing era

As Hong Kong's economic boom faded and manufacturing moved to China, some long-established, family-run companies preserved their traditions as others innovated to survive. In our new series, HKFP documents the craftsmanship and spirit behind the goods that are still proudly 'Made in Hong Kong,' as local firms navigate the US-China trade war. Few guests staying at the Camlux Hotel in Hong Kong would know that a giant glass furnace once lay beneath where they are spending the night. The Kowloon Bay hotel was formerly the factory building of Camel, an 85-year-old local metal kitchenware brand. The company moved into the premises in 1986 and vacated the property in 2013. Four years later, Camel opened a hotel in its place as part of a government revitalisation plan for the industrial district. Speaking to HKFP at the hotel on Monday, Raymond Leung – Camel's third-generation director – said his grandfather, Leung Tsoo-hing, founded the company Wei Yit Vacuum Flask Manufactory in 1940 after seeing a demand for vacuum flasks. Back then, electricity was a luxury, and few households had fridges and kettles. An insulating container thus emerged as a common household item for keeping drinks hot or cold. 'Being Chinese, being Asian, we drink a lot of hot drinks,' the younger Leung said, adding that his grandfather – who had been exporting vacuum flasks from Hong Kong to Penang, Malaysia – 'wanted to create his own brand of thermal flasks.' The brand name 'Camel' was chosen to reflect the flask's function and the company's resilience. Camel became one of the few manufacturers to make flasks with an inner glass wall allowing the container better insulation than those with just a metal body, said Leung, 47. Over the years, Camel has sold vacuum flasks, coffee tumblers, water bottles, food jars and more, discontinuing some products and launching others as consumers' preferences shifted alongside the changing times. Its products are not only available at shops and department stores in Hong Kong but are also sold in Southeast Asia. Camel is the only vacuum flask brand still being manufactured in Hong Kong, Leung told HKFP. Throughout its 80-plus-year history, Camel has gone through landmark moments in Hong Kong's history, including the Japanese invasion during World War II, which halted its production, and the post-war manufacturing boom. When Leung's grandfather created the first vacuum flask prototype in the 1940s, its parts – from the glass walls to the rubber connecting pieces – were sourced in Hong Kong. Today, like many of the city's homegrown brands, part of Camel's production takes place across the border in mainland China – a move that is neither new nor avoidable, the director said. Former manufacturing hub Hong Kong saw its manufacturing heyday from the 1950s to the 1970s, with factories – concentrated in areas such as Sham Shui Po, Mong Kok, Kowloon City and Western – producing everything from clothes and toys to watches and electronics. Its rise as an export-oriented economy came amid World War II's destruction of industrial bases in Europe and America. Hong Kong seized the opportunity, resuming production and supplying goods to the world. The director's father, Philip Leung, studied engineering in the UK and later completed a postgraduate degree in glass technology. He returned to the city in the 1960s, when he was in his late 20s, to help with the family business. 'He wanted to bring back the knowledge from the Western world,' Raymond Leung said. Under Philip Leung's leadership, Camel ramped up its manufacturing, expanding its production of metal flasks, ice buckets, and plate covers to supply hotels around the world. In the 1980s and 1990s, Hong Kong's manufacturing industry began losing its edge to mainland China, as the latter modernised under the government's reform policies. Many companies in the city relocated their production across the border, attracted by cheaper labour and other costs, but the Leungs stayed put. While minor parts were sourced from mainland China, Camel products' main components were always made in-house. But over the decades, it became clear that it would not last. In 2006, Camel turned off its glass furnace, which was operating on the third floor of what is now the Camlux Hotel, for good. The company was unable to find enough people to operate the furnace after some of its workers passed away. 'Because it's a furnace, you can't turn it off. It has to run 24 hours, otherwise the glass will solidify,' Raymond Leung said. 'We didn't have enough people to fill a day's shifts.' 'It would've been a natural end to Camel, but we discussed it as a family, and my father wanted to persevere,' he added. 'So we had to source the glass from the mainland. [It was] better than just quitting,' he said. The company now checks the glass and all its other raw materials before assembling the products in its factory in Hung Hom. Meanwhile, at Camel's other factory in San Po Kong, workers are in charge of cutting large pieces of metal and moulding plastic. Moving on Leung said Camel's reality was no different from many brands, whether in Hong Kong or abroad. 'Even something like BMW and Mercedes, which are synonymous with Germany, it's very rare you can make a complete product without some kind of [overseas] supplier,' he said. The director, however, says the company still tries to promote Hong Kong 'as much as possible.' Over the past two years, Camel has hosted design competitions inviting the public to submit Hong Kong-themed illustrations. The winning designs were printed onto Camel's signature flasks and added to the company's product collection. Last year's first-place prize went to a red, white and blue design – a nod to the traditional Hong Kong nylon canvas bags – that featured the city's icons, including a pawn shop sign, a cha chaan teng cup, and the city's tram. 'Doing the competitions is a way for us to engage more local talent,' Leung said. People have asked Leung if Camel, with such a long history, would reissue some of its 'nostalgic' products – like the big flasks for households that were common in the past. The director said he 'wasn't completely against' the idea, but he preferred the company to innovate new products instead. In recent years, Camel has launched coffee tumblers and sports water bottles inspired by new trends in the market. 'You can't always go back to your archive,' Leung said. 'You have to move on.' Original reporting on HKFP is backed by our monthly contributors. Almost 1,000 monthly donors make HKFP possible. Each contributes an average of HK$200/month to support our award-winning original reporting, keeping the city's only independent English-language outlet free-to-access for all. Three reasons to join us: 🔎 Transparent & efficient: As a non-profit, we are externally audited each year, publishing our income/outgoings annually, as the city's most transparent news outlet. 🔒 Accurate & accountable: Our reporting is governed by a comprehensive Ethics Code. We are 100% independent, and not answerable to any tycoon, mainland owners or shareholders. Check out our latest Annual Report, and help support press freedom.

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