Friday, August 1, 2025
  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Banking

UN Report Says North Korean Hackers Stole US$2 Billion In Funds From Banks And Cryptocurrency

by John Law
August 7, 2019
105
SHARES
Share on FacebookShare on Twitter

The United Nations (UN) recently released a report pertaining to North Korea’s activity on the internet. According to the report, it found that the rogue state has stolen approximately US$2 billion (~RM8.39 billion) from a number of banks and cryptocurrency exchanges.

The report says that the country had conducted “large scale attacks against cryptocurrency exchanges”, providing an avenue of generating income that difficult to trace and has even less government oversight. Due to its legality when compared to traditional banking regulations.

As to where all that illegally obtained funds go to, it should come as no surprise that all of it is funnelled into a program that North Korea has long been notorious for: it’s nuclear program. It should also be clear that hacking isn’t the only avenue it uses to obtain funds. The same report also points out that the Hermit Kingdom has about 30 representatives around the world. Controlling bank accounts and facilitating illicit transactions which includes petroleum and coal, the latter being a material that the country has an abundance of.

(Image source: TIME)

This isn’t the first time North Korea has come under scrutiny for its hacking activities. Some of you may remember when the country allegedly launched a cyber-attack against Sony Pictures for its creation of The Interview. The attackers also released personal information of all its employees and their family members.

In 2017, the country came under scrutiny again when it was suspected of stealing Bitcoin from several sources, including Bitcoin exchanges situated in its neighbouring country, South Korea.

(Source: Bloomberg // Image: Vox)

Filed Under Bankingcryptocurrencyhackingnorth korea
Updated 12:54 pm, Wed, 7 August 19
http://lowy.at/Y8aBN
Share42Tweet26SendShare

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    Action Cameras

    AKASO 360 Lands In Malaysia; Starts From RM899

  2. 2
    News

    Intel To Consolidate Chip Assembly And Test Operations In Malaysia

  3. 3
    Hardware

    Hypershell Exoskeleton Now Available In Malaysia From RM4,999

  4. 4
    How-To's

    RM100 SARA: How To Redeem, And Everything Else You Need To Know

  5. 5
    Random As It Gets

    Someone Patented This Controller Design

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.