UNITED NATIONS: North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defence companies, according to a currently confidential United Nations report seen by Reuters on Monday (Feb 6). '(North Korea) used increasingly sophisticated cyb
The sanctions monitors said South Korea estimated that North Korean-linked hackers stole virtual assets worth US$630 million in 2022, while a cybersecurity firm assessed that North Korean cybercrime yielded cybercurrencies worth more than US$1 billion.
"These actors continued illicitly to target victims to generate revenue and solicit information of value to the DPRK including its weapons programmes," the UN report said. It also said that, according to a cybersecurity firm, a North Korean-linked group known as HOlyGhOst had"extorted ransoms from small- and medium-sized companies in several countries by distributing ransomware in a widespread, financially motivated campaign".
But North Korea has continued illicit imports of refined petroleum and exports of coal, evading sanctions, the monitors said. They also said they have started an investigation into reports of ammunition exports by North Korea.
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