UN probing 35 North Korean cyberattacks in 17 countries

Crypto Credit Lines Sponsored   Crypto 2 mins Multiple North Korean Cryptocurrency Hacks Under UN Investigation Martin Young 5 hours ago

Following last week's report where North Korea was accused of carrying out cyberattacks on banks and cryptocurrency exchanges in different nations to fund its Weapons of Mass Destruction (WMD) program, the United Nations (UN) has stated that it is now investigating all 35 cases cited in the earlier report.

The preliminary report stated that over $2 billion has been amassed from a hacking spree which targeted financial institutions and cryptocurrency exchanges, predominantly in South Korea.

Ten of the 35 attacks were on South Korean targets with India suffering three while Bangladesh and Chile had two apiece. These are the thirteen countries that were attacked at least once: Costa Rica, Gambia, Guatemala, Kuwait, Liberia, Malaysia, Malta, Nigeria, Poland, Slovenia, South Africa, Tunisia, and Vietnam.

In South Korea, the North is increasingly targeting cryptocurrency exchanges for cyberattacks, the report said, with major cryptocurrency exchange Bithumb being attacked at least four times from February 2017 to March 2019.

The report to the Security Council gives details on some of the North Korean cyberattacks as well as the country's successful efforts to evade sanctions on coal exports in addition to imports of refined petroleum products and luxury items including Mercedes Benz S-600 cars.

North Korean hackers used three methods to carry out those attacks - 1.

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Attacks on cryptocurrency exchanges and individual holders, where tokens were stolen.

- And "mining of cryptocurrency as a source of funds for a professional branch of the military".

The report stated that North Korea accessed bank infrastructure and employee computers to attack the SWIFT system, sending fraudulent messages and destroying evidence.

According to the South China Morning Post, hackers targeted South Korea the most, with the United Nations investigating 10 attacks.

The investigation also revealed that cryptojacking was used on several occasions to mine cryptocurrencies on the sly.

It added that one report analyzed a piece of malware created to mine Monero and send the digital loot to servers located at Kim Il-sung University in Pyongyang.

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