The South Korean authorities says it’s imposing sanctions on 15 North Koreans who have interaction in illicit cyber actions to boost funds for his or her totalitarian state.
In a press release, South Korea’s Ministry of International Affairs says the people – Park Heung-ryong, Yoon Jung-sik, Lee Il-jin, Kim Kyung-il, Kang Hyun-cheol, Kim Cheol-min, Lee Geum-hyung, Kim Ryu-sung, Hwang-cheol, Ahn Il-nam, Seung-cheol-beom, Lee Younger-rim, and Park Dong-hyun – have been sanctioned serving to fund North Korea’s weapons of mass destruction (WMD) program.
The sanctioned people work as IT personnel abroad significantly in China, Russia, Southeast Asia and Africa the place they allegedly disguise their id to work for IT firms or have interaction in data theft and cyber assaults.
The IT personnel are believed to be working underneath the 313 Basic Bureau, a subsidiary of the Ministry of Army and Trade that oversees North Korea’s weapons manufacturing, analysis and improvement.
South Korea can also be sanctioning the Chosun Geumjeong Financial Data Know-how Change Firm, which is claimed to be concerned in dispatching North Korean IT personnel overseas to contribute navy funds to the regime.
Blockchain analytics agency Chainalysis says North Korean hackers stole $1.34 billion in 2024. A report from the United Nations (UN) Panel of Specialists additionally says cyber plundering covers about 40% of the price of North Korea’s WMD improvement.
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