United Nations accuses North Korea of cyberattack on Nigeria, others

  • United Nations accuses North Korea of cyberattack on Nigeria, others

United Nations accuses North Korea of cyberattack on Nigeria, others

The reported attacks are being investigated as attempted violations of United Nations sanctions.

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.

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 experts noted in the report that implementing North Korea's increasingly sophisticated attacks "is low risk and high yield", and often requires just a laptop computer and internet access. The intergovernmental organization is investigating 35 North Korea cyberattacks in 17 countries. The DPRK hackers used this method by utilizing banks infrastructures and computers to send fraudulent messages and subsequently deleting the evidence.

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

The experts said they have requested information from Rwanda on a report that North Koreans are conducting special forces training at a military camp in Gabiro.

As per users and exchange attacks, one of the neighboring country's big cryptocurrency exchanges, Bithumb has reportedly fallen victim on at least 4 different occasions between 2017 to 2019, losing about $58 million in the process.

India was the second country, being hacked three times, while Bangladesh and Chile were each hacked twice.

According to a report from one unnamed country cited by the experts, stolen funds following one cryptocurrency attack in 2018 "were transferred through at least 5,000 separate transactions and further routed to multiple countries before eventual conversion" to currency that a government has declared legal money, "making it highly hard to track the funds".

Most recently, ZDNet reported that the US Department of Justice has formally charged a North Korean programmer for the WannaCry ransomware outbreak in addition to several other prominent cyber attacks. In one instance, malware mining Monero was sending the proceeds to servers at Kim Il-Sung university in Pyong Yang.