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US sanctions four entities, one individual involved in illegal cyber activities

US sanctions four entities, one individual involved in illegal cyber activities

The US sanctioned four entities and one individual involved in obfuscated revenue generation and malicious cyber activities that “support the Democratic People’s Republic of Korea (DPRK)” Government.

In a statement Tuesday, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), said, “The DPRK conducts malicious cyber activities and deploys information technology (IT) workers who fraudulently obtain employment to generate revenue, including in virtual currency, to support the Kim regime and its priorities.” “Today’s action continues to highlight the DPRK’s extensive illicit cyber and IT worker operations, which finance the regime’s unlawful weapons of mass destruction and ballistic missile programs,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson.

The US and its partners remain committed to combatting “the DPRK’s illicit revenue generation activities” and continued efforts to steal money from financial institutions, virtual currency exchanges, companies, and private individuals around the world, he added.

Source: Kuwait News Agency