North Korea took $2 billion in cyberattacks to fund weapons programme - U.N. report

[webfact]

North Korea took $2 billion in cyberattacks to fund weapons programme - U.N. report

By Michelle Nichols

 

People watch a TV showing a file picture of a North Korean missile for a news report on North Korea firing short-range ballistic missiles, in Seoul, South Korea, August 2, 2019. REUTERS/Kim Hong-Ji

 

UNITED NATIONS (Reuters) - North Korea has generated an estimated $2 billion for its weapons of mass destruction programs using "widespread and increasingly sophisticated" cyberattacks to steal from banks and cryptocurrency exchanges, according to a confidential U.N. report seen by Reuters on Monday.

 

Pyongyang also "continued to enhance its nuclear and missile programmes although it did not conduct a nuclear test or ICBM (Intercontinental Ballistic Missile) launch," said the report to the U.N. Security Council North Koreasanctions committee by independent experts monitoring compliance over the past six months.

 

The North Korean mission to the United Nations did not respond to a request for comment on the report, which was submitted to the Security Council committee last week.

 

The experts said North Korea "used cyberspace to launch increasingly sophisticated attacks to steal funds from financial institutions and cryptocurrency exchanges to generate income." They also used cyberspace to launder the stolen money, the report said.

 

"Democratic People's Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programmes, with total proceeds to date estimated at up to two billion US dollars," the report said.

 

North Korea is formally known as the Democratic People's Republic of Korea (DPRK). The Reconnaissance General Bureau is a top North Korean military intelligence agency.

 

The experts said they are investigating "at least 35 reported instances of DPRK actors attacking financial institutions, cryptocurrency exchanges and mining activity designed to earn foreign currency" in some 17 countries.

 

The U.N. experts said North Korea's attacks against cryptocurrency exchanges allowed it "to generate income in ways that are harder to trace and subject to less government oversight and regulation than the traditional banking sector."

 

The Security Council has unanimously imposed sanctions on North Korea since 2006 in a bid to choke funding for Pyongyang’s nuclear and ballistic missile programs. The Council has banned exports including coal, iron, lead, textiles and seafood, and capped imports of crude oil and refined petroleum products.

 

U.S. President Donald Trump has met with North Korea leader Kim Jong Un three times, most recently in June when he became the first sitting U.S. president to set foot in North Korea at the Demilitarized Zone (DMZ) between the twoKoreas.

 

They agreed to resume stalled talks aimed at getting Pyongyang to give up its nuclear weapons programme. The talks have yet to resume and in July and early August, North Korea carried out three short-range missiles tests in eight days.

 

When asked about the U.N. report a U.S. State Department spokeswoman said: "We call upon all responsible states to take action to counter North Korea’s ability to conduct malicious cyber activity, which generates revenue that supports its unlawful WMD and ballistic missile programs."

 

The U.N. report was completed before last week's missile launches by North Korea, but noted that "missile launches in May and July enhanced its overall ballistic missile capabilities."

 

The U.N. experts said that despite the diplomatic efforts, they found "continued violations" of U.N. sanctions.

 

"For example, the DPRK continued to violate sanctions through ongoing illicit ship-to-ship transfers and procurement of WMD-related items and luxury goods," the U.N. report said.

 

(Reporting by Michelle Nichols; additional reporting by Matt Spetalnick in Washington; editing by Grant McCool)

 

-- © Copyright Reuters 2019-08-07

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[worgeordie]

Has Donald got anything to say about that ?,maybe not ,cannot

upset his best friend.

 regards worgeordie

 

[bendejo]

No they did not do it, DT will say. Fake news.

Then he will say it's no problem, Kim is his buddy.
 

 

Edited August 7, 2019 by bendejo

[neeray]

Good thing that there is never more than a hundred bucks in my bank account ????. I sure wouldn't want Kim grabbing my retirement savings for his WMD program.

[sammieuk1]

No sanctions will get the Pillsbury to back off from his launches try sending him a whopper meal to prick his second interest????  

[GreasyFingers]

9 hours ago, webfact said:

procurement of WMD-related items and luxury goods,

Is this joke. How do you relate supposed Iraq stile WMD to luxury goods. And my taxes are paying for these clowns.

[jany123]

11 hours ago, webfact said:

a U.S. State Department spokeswoman said: "..... which generates revenue that supports its unlawful WMD and ballistic missile programs."

I doubt that North Korea believes it is acting unlawfully in attempting to improve its arsenal to protect its sovereignty.

[jany123]

11 hours ago, webfact said:

The Security Council has unanimously imposed sanctions on North Korea since 2006 in a bid to choke funding for Pyongyang’s nuclear and ballistic missile programs. The Council has banned exports including coal, iron, lead, textiles and seafood, and capped imports of crude oil and refined petroleum products.

 

 

11 hours ago, webfact said:

The experts said North Korea "used cyberspace to launch increasingly sophisticated attacks to steal funds from financial institutions and cryptocurrency exchanges to generate income." They also used cyberspace to launder the stolen money, the report said.

 I’m sure NK sees sanctions as an attack on its economy, so probably feels more than justified in attacking other economies.

[grumpy 4680]

    How come we can't steal it back again, if they know where it's gone.

[bristolboy]

1 hour ago, grumpy 4680 said:

    How come we can't steal it back again, if they know where it's gone.

Well, for one thing, it's been spent.