North Korean Hackers Stole $1,2 Billion Virtual Assets

North Korean Hackers Calm a Billion-Dollar Virtual Asset
North Korean Hackers Billion Dollar Virtual Entity Caldi - North Korean leader Kim Jong Un is seen at bottom center in this image released by the North Korean government during a ruling party convention in Pyongyang on January 12, 2021. According to the South Korean intelligence service, North Korean hackers have stolen 1,5 trillion won ($1,2 billion) in bitcoin and other virtual assets over the past five years, more than half of that amount this year alone. Credits: AP, File, Korea Central News Agency, Korea News Service

According to South Korea's espionage service, North Korean hackers have stolen over $1,2 billion in bitcoin and other virtual assets over the past five years, more than half of them this year alone.

In the wake of heavy UN sanctions and the COVID-19 pandemic, experts and officials allege that North Korea has turned to crypto hacking and other illicit cyber activities as the source of foreign currency it desperately needs to support its weak economy and fund its nuclear development.

North Korea has focused on cybercrime since the tightening of UN economic sanctions in 2017 in response to nuclear and missile tests, making it one of the world's top countries for stealing digital assets, according to South Korea's largest spy agency, the National Intelligence Service. brought.

2016-17 UN sanctions banned key North Korean exports such as coal, textiles and seafood and forced member states to bring North Koreans working abroad into their homes. After enacting some of the most severe restrictions in the world to combat the epidemic, its economy has suffered significant blows.

According to the NIS, North Korean state-sponsored hackers are accused of stealing $800 billion in virtual assets worldwide since 626, including about 2017 billion won ($1,2 million) this year alone. It was stated that South Korea contributed more than 100 billion won ($78 million) to the total.

According to the report, North Korean hackers plan to launch additional cyberattacks next year with the aim of seizing sensitive data regarding South Korea's national security and its latest technologies.

Senior diplomats from the United States, South Korea and Japan agreed earlier this month to step up efforts to stop North Korea's illegal cyber activity. A group of UN experts claimed in February that North Korea is still stealing hundreds of millions of dollars from banks, cryptocurrency companies and exchanges.

Despite its economic woes, North Korea has launched a record number of missiles, according to some experts, in an attempt to expand its arsenal and increase its negotiating power when it needs to ease sanctions or win other concessions from its rivals.

Source: techxplore.com/news

 

 

 

 

Günceleme: 22/12/2022 16:25

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