PanamaTimes

Friday, Jul 26, 2024

US Sanctions North Korea Over 'Malicious Cyber Activity'

US Sanctions North Korea Over 'Malicious Cyber Activity'

North Korea deploys thousands of tech workers abroad who engage in "malicious cyber activities that support the... government," a Treasury Department statement said.
The US government on Tuesday announced new sanctions on North Korean groups for what is said was the use of hackers to raise money for Pyongyang's weapons programs.

The targets of the sanctions "generate revenue by stealing funds from global financial institutions and other entities," Secretary of State Antony Blinken said in a statement.

North Korea deploys thousands of tech workers abroad who engage in "malicious cyber activities that support the... government," a Treasury Department statement said.

Four organizations were sanctioned, including the Pyongyang University of Automation, and the Chinyong Information Technology Cooperation Company, which the agency said controls workers deployed to Russia and Laos.

The other two organizations are the Technical Reconnaissance Bureau, an offensive cyber tactics unit which is subordinate to North Korea's premier intelligence bureau, and the 110th Research Center, which has targeted media and defense companies in South Korea, it said.

Also sanctioned was Kim Sang Man, who Treasury said was based in Vladivostok, in Russia's far east, and served as a paymaster.

Blinken said the sanctions were coordinated with South Korea.

North Korea "maintains a workforce of thousands of highly skilled IT workers around the world, primarily in the People's Republic of China and Russia," the Treasury statement said.

The workers often use stolen identities and proxy accounts to apply for jobs at foreign companies, using legitimate employment to shield other activities, it said.

The Treasury statement cited a UN report in March that said North Korean hackers "stole more virtual currency in 2022 than in any previous year, with estimates ranging from $630 million to over $1 billion -- reportedly doubling Pyongyang's total cyber theft proceeds in 2021."

North Korean hackers rose to prominence in 2014 with their alleged role in the hack of Sony Pictures in retaliation for the release of a satirical movie, "The Interview," that made fun of North Korean leader Kim Jong Un.

The US administration will continue to combat North Korea's "continued efforts to steal money from financial institutions, virtual currency exchanges, companies, and private individuals around the world," said Brian Nelson, Treasury undersecretary for terrorism and financial intelligence.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Mexican Drug Lords El Mayo and El Chapo's Son Arrested in Texas
World's Hottest Day Recorded on July 21
Joe Biden Withdraws from 2024 US Presidential Race
A Week of Turmoil: Key Moments in US Politics
Global IT Outage Sparks Major Concerns
Global IT Outage Unveils Digital Vulnerabilities
Secret Service Criticized for Lack of Sniper Protection During Trump Shooting
Colombian Court Annuls Amazon Tribes’ Carbon Credit Deal
Sunita Williams Safe on ISS, to Address Earth on July 10
Biden Affirms Commitment To Presidential Race
Boeing Pleads Guilty Over 737 MAX Crashes
Beryl Storm Hits Texas, Killing 2 and Causing Major Power Outages
2024 Predicted to Be World's Hottest Year
Macron Faces New Political Challenges Despite Election Relief
Florida Man Arrested Over Attempt to Withdraw One Cent
Anger mounts at Biden’s top team after disastrous debate
Bolivian President Luis Arce Denies 'Self-Coup' Allegations
Steve Bannon Begins 4-Month Prison Sentence
Biden Warns of 'Dangerous Precedent' After Supreme Court Immunity Ruling in Trump Case
Elon Musk Accuses Kamala Harris of Misleading Post on Trump's Abortion Stance
Hunter Biden Sues Fox News Over 'Revenge Porn' Allegations
New York Times Editorial Board Urges Biden to Exit Presidential Race
US Supreme Court Overturns Obstruction Charges Against January 6 Rioters
US Voters Prefer Biden's Democracy Approach, Trump's Economy Plan: Report
Attempted Coup in Bolivia: President Urges Public Mobilization
Top-Secret US Underwater Drone 'Manta Ray' Revealed on Google Maps
United States Bans Kaspersky Antivirus
Inside El Salvador’s 40,000 Inmate Mega-Prison
Toyota, Mazda, Honda, and Suzuki have committed fraud; falsified safety test results
El Salvador's Bitcoin Holdings Reach $350 Million
Teens Forming Friendships with AI Chatbots
WhatsApp Rolls Out Major Redesign
Neuralink's First Brain Implant Experiences Issue
Apple Unveils New iPad Pro with M4 Chip, Misleading AI Claims
OpenAI to Announce Google Search Competitor
Apple Apologizes for Controversial iPad Pro Ad Featuring Instrument Destruction
German politician of the AFD party, Marie-Thérèse Kaiser was just convicted & fined $6,000+
Changpeng Zhao Sentenced to Four Months in Jail
Biden Administration to Relax Marijuana Regulations
101-Year-Old Woman Mistaken for a Baby by American Airlines: Comical Mix-Up during Flight Check-in
King Charles and Camilla enjoying the Inuit voice singing performance in Canada.
New Study: Vaping May Lower Fertility in Women Trying to Get Pregnant
U.S. DOJ Seeks Three-Year Sentence for Binance Founder Changpeng Zhao
Headlines - Thursday, 23 April 2024
Illinois Woman Wins $45M Lawsuit Against Johnson & Johnson and Kenvue for Mesothelioma Linked to Baby Powder
Panama's lates news for Friday, April 19
Creative menu of a Pizza restaurant..
You can be a very successful player, but a player with character is another level!
Experience the Future of Dining: My Visit to an AI-Powered Burger Joint
Stabbing rampage terror attack in Sydney, at least four people killed, early reports that a baby was among those stabbed.
×