United Nations Reveals North Korea's Use of Hacks and Crypto Attacks to Develop Weapons

Thursday, 21 March 2024, 06:08

The United Nations Security Council disclosed that North Korea obtained half of its foreign currency gains through cyber hacks and cryptocurrency attacks, further using the revenue to cover 40% of the expenses for developing weapons of mass destruction. The illicit financial activities highlighted by the UN's report underscore the ongoing concerns regarding North Korea's aggressive pursuit of military capabilities.
https://store.livarava.com/a362d684-e749-11ee-968f-5254a2021b2b.jpe
United Nations Reveals North Korea's Use of Hacks and Crypto Attacks to Develop Weapons

United Nations Report: North Korea's Illicit Financing

The United Nations Security Council has revealed that North Korea acquired half of its foreign currency gains through cyber hacks and cryptocurrency attacks. These illicit revenue streams, estimated to fund around 40% of the costs associated with developing weapons of mass destruction, have raised significant global security concerns.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe