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UN probing 35 North Korean cyberattacks in 17 countries [View all]
Source: Associated Press
UN probing 35 North Korean cyberattacks in 17 countries
By EDITH M. LEDERER
August 12, 2019
UNITED NATIONS (AP) — U.N. experts say they are investigating at least 35 instances in 17 countries of North Koreans using cyberattacks to illegally raise money for weapons of mass destruction programs — and they are calling for sanctions against ships providing gasoline and diesel to the country.
Last week, The Associated Press quoted a summary of a report from the experts which said that North Korea illegally acquired as much as $2 billion from its increasingly sophisticated cyber activities against financial institutions and cryptocurrency exchanges.
The lengthier version of the report, recently seen by the AP, reveals that neighboring South Korea was hardest-hit, the victim of 10 North Korean cyberattacks, followed by India with three attacks, and Bangladesh and Chile with two each.
-snip-
The report cites three main ways that North Korean cyber hackers operate:
—Attacks through the Society for Worldwide Interbank Financial Telecommunication or SWIFT system used to transfer money between banks, “with bank employee computers and infrastructure accessed to send fraudulent messages and destroy evidence.”
—Theft of cryptocurrency “through attacks on both exchanges and users.”
— And “mining of cryptocurrency as a source of funds for a professional branch of the military.”
-snip-
By EDITH M. LEDERER
August 12, 2019
UNITED NATIONS (AP) — U.N. experts say they are investigating at least 35 instances in 17 countries of North Koreans using cyberattacks to illegally raise money for weapons of mass destruction programs — and they are calling for sanctions against ships providing gasoline and diesel to the country.
Last week, The Associated Press quoted a summary of a report from the experts which said that North Korea illegally acquired as much as $2 billion from its increasingly sophisticated cyber activities against financial institutions and cryptocurrency exchanges.
The lengthier version of the report, recently seen by the AP, reveals that neighboring South Korea was hardest-hit, the victim of 10 North Korean cyberattacks, followed by India with three attacks, and Bangladesh and Chile with two each.
-snip-
The report cites three main ways that North Korean cyber hackers operate:
—Attacks through the Society for Worldwide Interbank Financial Telecommunication or SWIFT system used to transfer money between banks, “with bank employee computers and infrastructure accessed to send fraudulent messages and destroy evidence.”
—Theft of cryptocurrency “through attacks on both exchanges and users.”
— And “mining of cryptocurrency as a source of funds for a professional branch of the military.”
-snip-
Read more: https://apnews.com/ece1c6b122224bd9ac5e4cbd0c1e1d80
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