UN Report Reveals North Korea’s Role in Crypto Cyberattacks
The United Nations (UN) report has revealed North Korea's involvement in cyberattacks targeting cryptocurrency assets, sparking global concerns about digital investment security.
According to the UN Security Council, North Korea earns a significant portion of its foreign currency through cybercrime, with an estimated $3 billion obtained through crypto hacks.
This highlights the urgent need for enhanced cybersecurity measures in the digital asset sector.
The report also indicates that North Korea heavily relies on cyberattacks to fund its operations, with around half of its foreign currency revenue coming from cybercrime, particularly targeting cryptocurrency assets.
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Additionally, an investigation from July 2023 to January 2024 uncovered concerning details about North Korea’s cyber capabilities, with cyberattacks accounting for nearly 40% of expenses in developing weapons of mass destruction.
The revelations have sparked global apprehension and calls for decisive action to counter North Korea’s cyber threats, emphasizing the critical importance of bolstering cybersecurity measures and international cooperation.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
