AI-powered attacks on Korean financial sectors linked to Chinese DDoS group: report

What happened: A Logpresso report links a Telegram account tied to AI-backed hacks on South Korean banks to GodNet, a community created by Chinese DDoS-for-hire group Vitas. ARTEX's developer halted public distribution and updates of the tool. Key numbers: GodNet account listed as moderator in September 2024. YY520CN account deleted Oct. 8. Stolen login data traced to 2023. Why it matters: Logpresso says account links alone do not establish who carried out the hacks. The ARTEX developer cited misuse in cyberattacks as the reason for switching to a closed-source model.

A Logpresso report links a Telegram account tied to AI-backed hacks on South Korean banks to GodNet, a community created by Chinese DDoS-for-hire group Vitas. ARTEX's developer halted public distribution and updates of the tool.

Logpresso says account links alone do not establish who carried out the hacks. The ARTEX developer cited misuse in cyberattacks as the reason for switching to a closed-source model.