UN monitors say South Korea estimates that North Korean-linked hackers stole virtual assets worth $630 million in 2022, while a cybersecurity firm assess that North Korean cybercrime yielded cybercurrencies worth more than $1 billion.
UNITED NATIONS – North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies, according to a currently confidential United Nations report seen by Reuters on Monday, February 6.
“A higher value of cryptocurrency assets was stolen by DPRK actors in 2022 than in any previous year,” the monitors wrote in their report – submitted to the 15-member council’s North Korea sanctions committee on Friday – citing information from UN member states and cybersecurity firms.
“These actors continued illicitly to target victims to generate revenue and solicit information of value to the DPRK including its weapons programs,” the UN report said. It also said that, according to a cybersecurity firm, a North Korean-linked group known as HOlyGhOst had “extorted ransoms from small- and medium-sized companies in several countries by distributing ransomware in a widespread, financially motivated campaign.”
North Korea has long been banned from conducting nuclear tests and ballistic missile launches by the Security Council. Since 2006, it has been subject to U.N. sanctions, which the Security Council has strengthened over the years to target Pyongyang’s nuclear and ballistic missile programs.
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