North Korea has been hacking banks in order to illegally manipulate fund transfers as a way to avoid financial sanctions , leading to an investigation for the UN Security Council . The panel mentioned the case of Park ##won Hyok , who has been accused by the US of being involved in the North Korean government - backed security team Lazarus Group , which is believed to be behind the $ 81 m attack on Bangladesh Bank in 2016 and the WannaCry ##stal global ransomware hack a year later . The panel also outlined attacks on cryptocurrency exchanges that are said to have resulted in losses of $ 571 m .
North Korea has been hacking banks in order to illegally force fund transfers as a way to evade financial sanctions, according to an investigation for the UN Security Council. The report mentioned the case of Park Jin Hyok, who has been accused by the US of being involved in the North Korean government-backed hacking team Lazarus Group, which is believed to be behind the $81m attack on Bangladesh Bank in 2016 and the WannaCry 2.0 global ransomware hack a year later. The panel also outlined attacks on cryptocurrency exchanges that are said to have resulted in losses of $571m.