North Korean hacker group known as Lazarus stole a total of over $2 billion in cyberattacks, according to a United Nations report obtained by Reuters on August 6.
According to Reuters, the UN is investigating at least 35 instances of North Korean cyberattacks on banks, crypto exchanges and cryptocurrency mining operations in 17 countries. The report, presented to the UN North Korea sanctions committee, cited “widespread and increasingly sophisticated.”
The document claims that Lazarus conducted illegal money transfers both from financial institutions and crypto exchanges. The stolen funds were laundered in order to circumvent global sanctions against North Korea.
An earlier UN report on North Korea, presented in March 2019, claimed that the country's hackers stole a total of $670 million — less than half of the most recent estimate. The UN experts believe that the country might use the stolen money to fund its missile and nuclear weapons programs.
In 2017, cybersecurity company Kaspersky Labs published a report on Lazarus’ activity. In one of its earliest attacks, the group reportedly stole $81 million from a Bangladeshi bank.
According to Kaspersky, in 2018 Lazarus started using new methods to steal funds from cryptocurrency traders, including compromised software that could be controlled remotely.