North Korea generated $2 billion from Cyber Attacks to fund its nuclear intentions

In a shocking revelation made by Reuters, North Korea is reported to have generated an estimated $2 billion to fund its nuclear intentions- all through increasingly sophisticated cyber attacks.

These facts were revealed by a secret report sent by UN which was compiled by an independent experts committee which was monitoring the events over six months.

“Pyongyang has been paused it’s nuclear and missile programs such as Intercontinental Ballistic Missile Launch (ICBM) for time being. But its state-funded hackers are steal active in launching cyberattacks to steal crypto and fiat currency from banks and financial institutions around the world”, says the report which was submitted to UN by a Security Council Committee.

“Cyber Actors from the Democratic People’s Republic of Korea are using weapons from mass destruction programs to raise money with the support of Reconnaissance General Bureau (the military intelligence agency of Korea)” says the UN report which was published by Reuters early today.

As the UN has imposed sanctions based on the recommendations by the Security Council in 2016, Pyongyang has reacted by stealing money to fund its nuclear and ballistic programs.

Note– Since 2006 exports such as coal, iron, lead, textiles, seafood, crude oil, and refined petroleum are banned from being exported to North Korea by United Nations and the situation deteriorated further when Kim Jung Un met US President Donald Trump in 2017 on various occasions.

Although Kim Jung agreed to stop all the developments related to nuclear programs by destroying the nuclear sites located in his country’s militarized zones, hackers being funded by state actors are still progressing in their tactics of stealing money on the digital front through cyber attacks.

Hope, someone from the West is keeping a watch on this activity and takes necessary steps before it’s too late.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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