U.S. Treasury Sanctions North Korean IT Worker for Aiding Cyber Espionage and Cryptocurrency Theft
According to ChainCatcher, citing a report from CoinDesk, the U.S. Treasury Department’s sanctions regulator on Tuesday added North Korean national Song Kum Hyok to the “Specially Designated Nationals” list, accusing him of being a “malicious cyber actor” linked to North Korean hacker groups and engaging in cyber espionage activities.
The Office of Foreign Assets Control (OFAC) has excluded Song Kum Hyok from the global financial system for arranging for other North Korean officials to work at various companies as IT personnel. These IT workers would remit funds back to North Korea and also sought to exploit company vulnerabilities for additional income.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
