Saudi Press

Saudi Arabia and the world
Saturday, Jul 27, 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

Saudi Press
0:00
0:00
Close
Heatwave in Morocco Claims 21 Lives in Beni Mellal
Israel Warns France of Iranian Threats at Paris Olympics
Hamas and Fatah Sign Unity Pact Amid Gaza Conflict
Miracle Baby Born After Gaza Airstrike
Netanyahu Urges Unity Between US and Israel in Congress Speech
Netanyahu Criticizes Anti-Israel Protesters in US
World's Hottest Day Recorded on July 21
Sri Lanka Apologizes for Forced Cremation of Muslim Covid Victims
President Biden Returns to White House After Testing COVID Negative
Trump Says Kamala Harris Would Be Easier Election Opponent Than Biden
4.7 Magnitude Earthquake Strikes Northwestern Turkey
Hacking Vulnerabilities: Androids vs. iPhones
Israel Conducts First Direct Air Raid on Yemen's Hodeidah Port
Joe Biden Withdraws from 2024 US Presidential Race
A Week of Turmoil: Key Moments in US Politics
Elon Musk's Companies Drop CrowdStrike After Global Windows 10 Outage
US Criticizes International Court's Opinion on Israeli Occupation
Netanyahu Denounces World Court Ruling on Israeli Occupation
Adidas Drops Bella Hadid Over Controversy
Massive Flight Cancellations Across the U.S. Due to Microsoft Outage
Russia Accuses Ukraine of Using Chemical Weapons
Ursula von der Leyen Wins Second Term as European Commission President
Japan to Allocate $3.3 Billion to Ukraine Using Frozen Russian Assets
Google and Microsoft Now Consume More Power Than Several Large Countries
Increased Security for Trump After Assassination Threat
New AI Chipset Set to Revolutionize ChatGPT
Thai-Saudi Investment Roadshow Yields 100 Partnerships
Trump Media Shares Surge Following Re-Election Bid Boost
Russia's Electronic Warfare Neutralizes Western Weapons in Ukraine
Trump Challenges Biden to Debate and Golf Match
Macron Accuses Israeli Minister of Election Interference
US Senator Highlights Weaknesses in Western Military Industry During Ukraine Conflict
George Clooney Urges Biden to Withdraw from Presidential Race
Political Shift in the UK: A Detailed Analysis of Labour's Victory and Future Prospects
Viktor Orbán's Peace Mission: A Diplomatic Controversy in the EU
UAE Court Sentences 43 to Life Imprisonment Over Terrorist Links
Spain PM Pedro Sanchez Denounces Double Standards on Gaza at NATO Summit
Biden Affirms Commitment To Presidential Race
Putin Hosts PM Modi for a Private Meeting
2024 Predicted to Be World's Hottest Year
Iran's President-Elect Masoud Pezeshkian Reiterates Support for Hezbollah
Biden Insists on Continuing Presidential Race Amid Criticism
Macron Faces New Political Challenges Despite Election Relief
US Officials Resign Over Biden's Gaza Policy
Campaigners Push for Emergency Uplift Visa for Palestinians Escaping Gaza Conflict
Netanyahu Criticizes Release of Gaza Hospital Head
UK Government and British Airways Sued Over 1990 Kuwait Hostage Incident
Afghan Women's Rights Declared Internal Issue by Taliban
UK Appeals to ICC May Delay Arrest Warrants for Israeli Leaders
ZATCA Allows Non-citizens to Participate in Auctions
×