The Associated Press, in the previous week, published a report from the United Nations experts, mentioning North Korean unlawfully earned more than $2 billion from its cyber operations against financial organizations and crypto exchanges.
As well as "quasi-legitimate" mining operations, the report investigated 'crypto-jacking', whereby North Korean hackers infect computers with malware.
Global financial regulators will be dismayed that the targeted attacks on crypto exchanges and banks have circumvented market rules on the use of cryptocurrencies for money laundering and funding terrorism and will likely call on crypto exchanges to tighten up their security measures.
In total, North Korea has reportedly raised up to $2 billion (R28.4 billion) through its cybercriminal activities.
One Mercedes Maybach S-Class limousine and other S-600s, as well as a Toyota Land Cruiser, were transferred from North Korea to Vietnam for last February's summit between the country's leader Kim Jong Un and U.S. President Donald Trump, the experts said, adding that Vietnam said it asked for but was never provided a list of vehicles being brought into the country.
The committee had suggested imposing sanctions across 6 vessels of North Korea because they were avoiding sanctions and illicitly carrying shipping of refining petroleum-based items. Meanwhile, it also discovered that a department store in Pyongyang is part of the Taesong Group which includes two divisions under sanction and has been linked to procurement for the country's missile programs.
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Under U.N. sanctions, North Korea is limited to importing 500,000 barrels of such products annually including gasoline and diesel.
It should be noted that although the United States has linked WannaCry to North Korea, no mention of ransomware is made in the AP or Reuters articles on the report prepared for the UN Security Council regarding North Korea. And they said they are also waiting for a response from Uganda "to multiple inquires" about reports indicating specialized training is being conducted in the country, and KOMID and North Korean workers maintain a presence.
South Africa was one of 17 countries hit by North Korean attackers to raise money for its weapons of mass destruction programmes, the Associated Press reported.
Due to its proximity, history, and number of crypto exchanges, South Korea was the country that suffered the most hacks, with at least 10 attacks recorded so far.
The Un report also details that North Korea managed to carry out these hacks by using three "low risk and high yield" methods to illegally steal the fund. The first two attacks (in 2017) each resulted in losses of around $7 million, while the second two attacks (in June 2018 and March 2019) leading to the loss of $31 million and $20 million, respectively.