Cosmos Bank heist: N. Korea stole $13.5mn for lack of funds, says UN report | Editorji
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Cosmos Bank heist: N. Korea stole $13.5mn for lack of funds, says UN report

Mar 29, 2019 13:43 IST

The United Nations Security Council has said that North Korea carried out the $13.5 million cyber heist of Pune's Cosmos Bank in 14,000 simultaneous ATM transactions across 28 countries. The UN report said that North Korea compromised SWIFT network, broke into the bank's internal safety measures as the nation was starved of foreign funds due to UN sanctions. The report further added that North Korea was using cyber hacks for undercover operations to bypass sanctions.

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