United Nations probing 35 North Korean cyberattacks in 17 countries

UN investigating 35 North Korean cyberattacks in 17 countries

UN investigating 35 North Korean cyberattacks in 17 countries

Other countries attacked once by North Korea are Costa Rica, Gambia, Guatemala, Kuwait, Liberia, Malaysia, Malta, Poland, Slovenia, South Africa, Tunisia and Vietnam. Via SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, "with bank employee computers and infrastructure accessed to send fraudulent messages and destroy evidence"; 2.

The report further describes North Korea's modus operandi, saying that the nation employs three "low risk and high yield" methods to grab illicit gains.

As well as "quasi-legitimate" mining operations, the report investigated 'crypto-jacking', whereby North Korean hackers infect computers with malware.

The investigation is now seeking to treat these reported attacks as direct disregard for stipulated United Nations sanctions.

United Nations experts made a point of emphasizing that these kinds of attacks are "low risk and high yield", requiring few resources to enact.

The panel recommended sanctions against six North Korean vessels for evading sanctions and illegally carrying out ship-to-ship transfers of refined petroleum products.

It should be noted that although the U.S. has linked WannaCry to North Korea, no mention of ransomware is made in the AP or Reuters articles on the report prepared for the UN Security Council regarding North Korea. The U.S. and 25 other countries said North Korea exceeded the limit in the first four months of 2019. A malware program is installed onto a mining computer which helps mine cryptocurrencies on the hacker's behalf.

As per users and exchange attacks, one of the neighboring country's big cryptocurrency exchanges, Bithumb has reportedly fallen victim on at least 4 different occasions between 2017 to 2019, losing about $58 million in the process. This resulted in cash circulation of 10,000 to people operating for North Korea over 20 plus nations within 5 hours.

Three major channels have been noted as being used by the North Korean group of hackers.

According to a report from one unnamed country cited by the experts, stolen funds following one cryptocurrency attack in 2018 "were transferred through at least 5,000 separate transactions and further routed to multiple countries before eventual conversion" to currency that a government has declared legal money, "making it highly hard to track the funds". The third hack was executed in June past year, resulted in the exchange to lose $31 million, and the last hack took place on March 2019, the exchange lost $20 million in the attack.