Analysis How cyberattacks are generating billions in illicit revenue for North KoreaA UNSC report states hacks have contributed $2 billion to date for weapons programs A new United Nations Security Council report spells out how North Korea utilized cyberattacks to generate as much as $2 billion in total proceeds to date in order to fund its weapons programs. This amount is significant for two reasons. First, it eclipses previous estimates, emphasizing the prominence of cyber tactics in North Korea’s illicit revenue-earning toolkit. A 2018 estimate by cybersecurity firm FireEye tallied $1 billion in revenue from cyber attacks. Second, the fact that North Korea is able to develop and test new weapons systems — like a multiple rocket launcher system and a submarine capable © Korea Risk Group. All rights reserved. |