{"id":11828,"date":"2024-03-21T11:06:42","date_gmt":"2024-03-21T09:06:42","guid":{"rendered":"https:\/\/forklog.com\/en\/un-cyberattacks-account-for-half-of-north-koreas-foreign-currency-income\/"},"modified":"2024-03-21T11:06:42","modified_gmt":"2024-03-21T09:06:42","slug":"un-cyberattacks-account-for-half-of-north-koreas-foreign-currency-income","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/un-cyberattacks-account-for-half-of-north-koreas-foreign-currency-income\/","title":{"rendered":"UN: Cyberattacks Account for Half of North Korea&#8217;s Foreign Currency Income"},"content":{"rendered":"<p>Approximately half of North Korea&#8217;s foreign currency income is derived from cyberattacks, including those targeting cryptocurrency companies, according to a report by the <a href=\"https:\/\/en.yna.co.kr\/view\/AEN20240321001100315#:~:text=%22The%20malicious%20cyberactivities%20of%20the,from%20%22one%20member%20state.%22\">Yonhap<\/a> citing the UN Security Council.<\/p>\n<p>The organisation estimates that between 2017 and 2023, North Korean hackers inflicted damage equivalent to $3 billion. These funds were subsequently used to finance the development of weapons of mass destruction.<\/p>\n<p>These estimates align with previous calculations by experts from Recorded Future and conclusions from The Wall Street Journal.<\/p>\n<p>Although the UN report itself is not legally binding, the global security body could impose additional sanctions on North Korea, writes <a href=\"https:\/\/www.nikkei.com\/article\/DGXZQOGN204N60Q4A320C2000000\/\">Nikkei<\/a>.<\/p>\n<p>Earlier data from Chainalysis indicated that North Korean hackers&#8217; attacks on the crypto market in 2023 became <a href=\"https:\/\/forklog.com\/en\/news\/north-korean-hackers-crypto-heists-yield-lower-profits\">less profitable<\/a>. Last year&#8217;s 20 breaches resulted in the theft of digital assets worth about $1 billion, whereas 15 cyberattacks in 2022 yielded $1.7 billion.<\/p>\n<p>The wallets of one of the most active North Korean hacker groups, Lazarus Group, were found to contain the equivalent of $47 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Approximately half of North Korea&#8217;s foreign currency income is derived from cyberattacks, including those targeting cryptocurrency companies, according to a report by the Yonhap citing the UN Security Council. The organisation estimates that between 2017 and 2023, North Korean hackers inflicted damage equivalent to $3 billion. These funds were subsequently used to finance the development [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1202,1247],"class_list":["post-11828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-north-korea-dprk","tag-united-nations"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11828"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11827"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}