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North Korea has appropriated USD2 billion through cyber attacks to fund weapon programmes, says UN report

06 September 2019
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North Korea has appropriated an estimated USD2 billion through “large-scale” cyber attacks against crypto-currency exchanges to finance the country’s weapons of mass destruction (WMD) programmes, according to a 30 August report written by a United Nations panel of experts for the UN Security Council (UNSC).

The Northeast Asian country has “used cyberspace to launch increasingly sophisticated attacks to steal funds from financial institutions and crypto-currency exchanges to generate income”, states the report, pointing out that these activities, along with North Korea’s continued access to the global financial system through bank representatives and networks operating worldwide, have “facilitated” the country’s continued violations of UNSC resolutions such as “illicit ship-to-ship transfers and the procurement of weapons of mass destruction-related items and luxury goods”.

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