A panel of experts monitoring sanctions on North Korea sent a report to the UN Security Council. The report submitted on 4 October outlined that Pyongyang continued improving its nuclear and ballistic missile programme despite the country’s economic deterioration.
The report said that North Korea used cyberattacks to fund its programme and sought material and technological assistance overseas, including from Iran.
The report highlights that from 2019 to November 2020, North Korea has conducted virtual thefts worth USD 316.4 million. The targets of the cyberattacks include financial institutions and virtual currency exchange houses.
Aayush Pal 
Shobhil Shrivastava