North Korea took $2 bln in cyber attacks to fund weapons program
Aug 07 2019
The experts stated they acquired a report from the US and 25 different worldwide locations with imagery and knowledge accusing North Korea of violating United Nationssanctions by importing way over the annual restrict of 500,000 barrels of refined petroleum merchandise within the first 4 months of 2019.
As to where all that illegally obtained funds go to, it should come as no surprise that all of it is funnelled into a program that North Korea has always been notorious for: it's nuclear program.
We call upon all responsible states to take action to counter North Korea's ability to conduct a malicious cyber activity, which generates revenue that supports its unlawful WMD and ballistic missile programs.
Experts say Trump's downplaying of the North's weapons display has allowed the country more room to advance its military capabilities as it attempts to build leverage ahead of negotiations, which could possibly resume sometime after the end of the allies' drills later this month.
According to the report, the panel looked into at least 35 cases of cyberattacks in 17 countries including Chile, India, Malaysia, South Africa and South Korea.
The report claims that numerous North Korea advanced persistent threat (APT) groups operate under the guidance of North Korea's Reconnaissance General Bureau, the top military intelligence agency of the country.
In the course of the six-month interval between February and August, the panel stated, North Korea continued to improve its nuclear and ballistic missile packages.
The experts stated in a brand new report to the Safety Council that North Korea is utilizing our on-line world "to launch more and more refined assaults to steal funds from monetary establishments and cryptocurrencyexchanges to generate earnings" in violation of sanctions.
"Democratic People's Republic of Korea (DPRK) cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion USA dollars", an excerpt of the report reads.
The report further notes that North Korea is using new techniques to earn hard currency for its illegal activities.
Most recently, it has been suggested that North Korean hackers have been targeting users of the UPbit exchange with phishing email campaign.
That North Korea commits crimes related to cryptocurrencies is something that has always been suspected. It alleges that the North Korean cyber theft activities were created to help the regime avoid tough worldwide sanctions.
Another source of hard currency for North Korea may be an army of tech workers, according to the United Nations panel's report.