Exclusive: Record-breaking 2022 for North Korea crypto theft, UN report says

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Exclusive: Record-breaking 2022 for North Korea crypto theft, UN report says
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North Korea targeted networks of foreign aerospace and defense companies, according to the report.

The sanctions monitors said South Korea estimated that North Korean-linked hackers stole virtual assets worth $630 million in 2022, while a cybersecurity firm assessed that North Korean cybercrime yielded cybercurrencies worth more than $1 billion.

"These actors continued illicitly to target victims to generate revenue and solicit information of value to the DPRK including its weapons programmes," the U.N. 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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