Categories: Altcoins

UN Report: South Korea Hardest Hit By North Korean Cyber Attacks

Click here to view original web page at

The United Nations is investigating 35 North Korean cyberattacks across 17 countries, according to a report published Aug. 13 by Associated Press. This follows last week’s leaked summary of the report, stating that $2 billion had been hacked by the nation thus far to fund weapons programs.

The majority of incidents being probed were carried out via one of three main attack vectors.

South Korea bore the brunt of most attacks

South Korea is by far the favorite target, suffering 10 of the attacks detailed in the report, with India next, being victim of three attacks. However, incidents being investigated have taken place in countries across Africa, Central and South America, South East Asia, the Middle East and Europe.

Three key methodologies to avoid sanctions

Some of the most audacious hacks have been on the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system. In one instance a group ‘headhunted’ a Chilean interbank employee through LinkedIn. Another hack installed malware on an entire nations ATM system resulting in 10,000 fraudulent cash distributions across 20 countries.

Cryptocurrency exchanges and users are also popular target vectors. South Korean exchange, Bithumb has been attacked at least four times. After one 2018 attack on an unnamed exchange, stolen funds “were transferred through at least 5,000 separate transactions and further routed to multiple countries before eventual conversion.”

The final method of raising funds is via cryptocurrency mining, often through crypto-jacking. This involves installing malware onto a computer which then uses system resources to mine cryptocurrency on behalf of the attacker. The UN analyzed one piece of malware designed to mine the privacy-focused altcoin Monero and send the proceeds to servers at Kim Il-Sung University in Pyongyang.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Luongo: Trump’s Not A 4-D Chess-Player, He’s A Very Simple Creature

Authored by Tom Luongo, Friday night used to be the ‘best night on television.’ But today Friday afternoon is becoming… Read More

5 hours ago

Overstock Still Focusing on Crypto Despite Embattled CEO’s Departure

Overstock was one of the first major companies that expressed extreme interest in utilizing and adopting crypto – an interest… Read More

5 hours ago

Symmetrical Triangle Pattern May Bolster Bitcoin Bulls

Over the past couple of days Bitcoin has found itself caught within a relatively tight trading range and has continued… Read More

5 hours ago

Overstock’s Patrick Byrne: the rise and fall of a blockchain pioneer

Patrick Byrne this week resigned as CEO of US online retailer Overstock. The move closely followed the announcement of disappointing… Read More

5 hours ago

Ethereum & Stellar’s Lumen Tech Analysis –26/08/19

It’s a bullish start to the day for the majors. Holding above key levels would support another breakout later in… Read More

5 hours ago

New tool for OTC trade is based on Ethereum smart contracts

Source: Wikimedia The decentralized platform AirSwap, a trade network driven by the Ethereum platform, launched a tool, called AirSwap Trader,… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More