The group’s asset base surpassed Dh900 billion
"The Cosmos attack was a more advanced, well-planned and highly coordinated operation that bypassed three main layers of defence contained in International Criminal Police Organisation (INTERPOL) banking/ATM attack mitigation guidance," the report said.
SWIFT, which stands for Society for Worldwide Interbank Financial Transaction code, identifies banks for international financial transactions.
The transfers to the Hong Kong-based company's account were made using SWIFT, the report said.
The report quoted a UN member country as saying that North Korea was using cyberspace for undercover operations "to acquire funds through a variety of measures in order to circumvent the sanctions".
The US has charged North Korean hacker Park Jin Hyok, who was a member of the hacking organisation known as the Lazarus Group and is also linked to North Korea's Reconnaissance General Bureau, according to the UN report.
He is charged with engaging in "wide-ranging, multi-year conspiracy to conduct computer intrusions and commit wire fraud" on behalf of North Korea.
The report said that according to the US, Park "has travelled to China in the past and conducted legitimate IT (information technology) work under the front company 'Chosun Expo' or the Korean Expo Joint Venture".
The report said that Park and his associates were also responsible for "fraudulent transfer of $81 million from Bangladesh Bank," according to the US.
Banco de Chile was also targeted and lost $10 million, the report said.
The group’s asset base surpassed Dh900 billion
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