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Expert panel reports that North Korea is relying on cyberattacks to fund nuclear weapons.

North Korea relying on cyberattacks to fund nuclear weapons: experts https://coingeek.com/north-korea-relying-on-cyberattacks-to-fund-nuclear-weapons-experts/ Ed Drake-12 Feb 21,

North Korea has relied on cyberattacks to fund an upgrade to its nuclear weapons and ballistic missiles arsenal, with help with materials and technology from other rogue states such as Iran, according to findings by experts examining the impact of sanctions on the country.

A panel of experts at the United Nations, tasked with monitoring the impact and enforcement of sanctions against the country, reported their findings to members of the Security Council this week, suggesting that a “total theft of virtual assets from 2019 to November 2020…valued at approximately $316.4 million.”

North Korea is subject to international sanctions designed to prevent the funding of its nuclear and ballistic weapons programs. The UN findings show the role cybercrime has played in funding the illegal development of weapons in North Korea, as well as the risks posed to digital currency users holding their money on cryptocurrency exchanges.

February 13, 2021 - Posted by Christina Macpherson | North Korea, secrets,lies and civil liberties

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