Crypto Hacks and Cyberattacks Fund About 50% of North Korea’s Missile Program: Report

A White House official has reportedly said that cryptocurrency theft and cyberattacks provide for about half of North Korea’s missile program funds.

Citing Deputy National Security Adviser for Cyber and Emerging Technology Anne Neuberger, CNN reports that the US is now looking at Kim Jong Un regime’s heavy reliance on financial cybercrimes.

Neuberger says that the current US administration is already “putting a lot of time and thought” into the problem. She says intelligence agencies are now making efforts to identify North Korean operatives while the Treasury Department is tracking stolen crypto assets.

Says Neuberger at an event hosted by the nonprofit Special Competitive Studies Project,

“A country like [North Korea] is so darn creative in this space.”

During a virtual discussion on cybersecurity threats

Continue reading