UNITED NATIONS - North Korea has generated an estimated US$2 billion for its weapons of mass destruction programmes using"widespread and increasingly sophisticated" cyber attacks to steal from banks and cryptocurrency exchanges, according to a confidential UN report seen by Reuters on Monday .
The experts said North Korea"used cyberspace to launch increasingly sophisticated attacks to steal funds from financial institutions and cryptocurrency exchanges to generate income.""Democratic People's Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD programmes, with total proceeds to date estimated at up to two billion US dollars," the report said.
The UN 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." 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.
Source: Digital Coin News (digitalcoinnews.net)
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