US Treasury Sanctions North Korean Hacker Groups for Cyber Attacks
Cointelegraph By Joeri Cant's original article for cointelegraph.com reduced by 44%
The United States Treasury Department announced further sanctions against three North Korean state-sponsored hacker groups, responsible for "North Korea's malicious cyber activity on critical infrastructure." Continue to enforce existing U.S. and U.N. sanctions against North KoreaOn Sept.
13, the U.S. Department of Treasury announced sanctions against North Korean hacking groups, more specifically the renowned Lazarus group, and two lesser-known entities, Bluenoroff and Andariel. "Treasury is taking action against North Korean hacking groups that have been perpetrating cyber attacks to support illicit weapon and missile programs.
We will continue to enforce existing U.S. and UN sanctions against North Korea and work with the international community to improve cybersecurity of financial networks." North Korea netted $2 billion by hacking banks and crypto exchangesIn August, Cointelegraph reported that the United Nations claimed that North Korea had netted around $2 billion by hacking banks and cryptocurrency exchanges. "Democratic People's Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD programs, with total proceeds to date estimated at up to two billion US dollars." North Korea denies the U.N.'s accusationsOn Sept.
1, Cointelegraph reported that North Korea's official state media, the Korea Central News Agency, denied allegations of massive theft by North Korean agents. "Such a fabrication by the hostile forces is nothing but a sort of a nasty game aimed at tarnishing the image of our Republic and finding justification for sanctions and pressure campaign against the DPRK.".
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