United Nations experts claim North Korea has launched 35 different cyberattacks on Nigeria and 16 other countries to illegally raise money for weapons of mass destruction programs…
The Associated Press (AP) reports that the experts accused the Asian country, led by Kim Jong Un, of illegally acquiring as much as $2 billion from its sophisticated cyber activities against financial institutions and cryptocurrency exchanges.
While Nigeria was only attacked once, South Korea was attacked 10 times, followed by India (3), Bangladesh (2), and Chile (2). Other countries are included and these are Costa Rica, Gambia, Guatemala, Kuwait, Liberia, Malaysia, Malta, Poland, Slovenia, South Africa, Tunisia and Vietnam.
AP reports that North Korean cyber hackers were using three major ways such as theft of cryptocurrency through attacks on both exchanges and users; and mining of cryptocurrency as a source of funds for a professional branch of the military. They also carried out cyberattacks through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) used to transfer money between banks. The attackers also used bank employee computers and infrastructure were accessed to send fraudulent messages and destroy evidence.
It is also said that the hackers access infrastructure managing a particular country’s entire ATM system and installed malware modifying the way transactions are processed. This forced 10,000 cash distributions to individuals working for or on behalf of North Korea across more than 20 countries in a short time of five hours.
Accordingly, the reported attacks are being investigated as attempted violations of U.N. sanctions.