Multiple North Korean Cryptocurrency Hacks Under UN Investigation
The United Nations has launched an investigation into North Korean cyber-attacks which targeted cryptocurrency exchanges in the neighboring South. India has also been a victim in the digital crime spree which targeted 17 countries in total.
Cryptocurrency Exchanges Targeted
The UN has ramped up its investigation of following the release of a report detailing efforts to accumulate wealth for weapons programs. According to the there have been at least 35 incursions in 17 countries.
A high level North Korean military intelligence agency called the Reconnaissance General Bureau is believed to be behind the attacks. The preliminary report stated that over $2 billion has been amassed from a hacking spree which targeted financial institutions and cryptocurrency exchanges, predominantly in South Korea.
Ten of the 35 attacks were on South Korean targets with India suffering three while Bangladesh and Chile had two apiece. It added that 13 countries suffered one attack: Costa Rica, Gambia, Guatemala, Kuwait, Liberia, Malaysia, Malta, Nigeria, Poland, Slovenia, South Africa, Tunisia and Vietnam.
The methods of attack included channels through interbank transfer protocol, SWIFT, where hackers exploited bank employee computers and infrastructure which was accessed to send fraudulent messages and destroy evidence.