Cybersecurity

North Korea Hacks Banks, Cryptocurrencies for Funds, UN Finds

  • About $2 billion stolen for nuclear weapons, panel reports
  • Regime said to have 30 overseas agents handling transactions
Kim Jong Un

Photographer: Jorge Silva/Pool via Bloomberg

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North Korea has mastered hacking into both old and new financial systems to funnel billions of dollars to its nuclear weapons program, a new United Nations report found.

North Korean agents have amassed about $2 billion by stealing money from financial institutions and cryptocurrency exchanges, a panel monitoring the enforcement of UN sanctions said in a report to the Security Council.