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Army of Hackers keep Kim Jong Un in power

by on23 December 2021


Apple fanboy needs protection from real computer experts

Apple fanboy Kim Jong Un depends on state hackers, whose cybercrimes finance his nuclear arms programmes and prop up the economy.

According to the US Cybersecurity & Infrastructure Security Agency, North Korea's state-backed "malicious cyberactivities" target banks around the world, steal defence secrets, extort money through ransomware, hijack digitally mined currency, and launder ill-gotten gains through cryptocurrency exchanges.

Kim's regime has already taken in as much as $2.3 billion through cybercrimes and is geared to rake in even more, US and United Nations investigators have said.

Cybercrimes have provided a lifeline for the struggling North Korean economy, which has been hobbled by sanctions. Kim has shown little interest in returning to negotiations that could lead to a lifting of sanctions if North Korea winds down its nuclear arms program.

Money from cybercrimes represents about eight per cent of North Korea's estimated economy in 2020, which is smaller than when Kim took power, according to the Bank of Korea in Seoul.

Kim's decision to shut borders because of Covid-19 suspended the little legal trade North Korea had and helped send the economy into its biggest contraction in more than two decades.

Kim's regime has two means of evading global sanctions, which were imposed to punish it for nuclear and ballistic missile tests. One is the ship-to-ship transfer of commodities such as coal: A North

Korean vessel will shift its cargo to another vessel, or the other way around, and both vessels typically try to cloak their identity.

The other is the cyberarmy. Its documented cybercrimes include attempts to steal $2 billion from the Swift (Society for Worldwide Interbank Financial Telecommunication) system of financial transactions.

North Korea has also illegally accessed military technology that could be used for financial gain, according to a UN Security Council panel charged with investigating sanctions-dodging by the government.

 

Last modified on 24 December 2021
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