US Treasury sanctions Song Kum Hyok for facilitating North Korean IT worker schemes
The post US Treasury sanctions Song Kum Hyok for facilitating North Korean IT worker schemes appeared on BitcoinEthereumNews.com. The US Treasury’s Office of Foreign Assets Control sanctioned North Korean cyber actor Song Kum Hyok. Song enabled strategies for IT workers to obtain jobs at firms by utilizing fictitious identities. Furthermore, OFAC sanctioned one person and four companies engaged in Russian scams. The DPRK’s military projects and financial operations are the targets of the actions. Song Kum Hyok targeted for facilitating fraudulent employment schemes Song Kum Hyok is a DPRK cyber actor who is associated with the sanctioned Andariel hacking group. The actor oversaw information technology employee cons that recruited DPRK nationals in Russia and China. Song provided the workers with false identities and nationalities to work for firms. The program took advantage of innocent businesses to make money for the DPRK government by fraudulent means. DPRK IT personnel occasionally infected business networks with malware for later exploitation. The personnel actively concealed their names, locations, and nationalities by using pseudonyms and supporting documents. In 2022 and 2023, Song used US persons’ information including names and social security numbers. The cyber actor created aliases for hired foreign workers using stolen personal data. Workers then used these accounts to pose as US persons seeking remote employment. Song planned to split income generated from these fraudulent employment arrangements with the workers. The scheme targeted employers in wealthier countries through mainstream freelance contracting and payment platforms. Applications developed by DPRK IT workers spanned business, health, fitness, social networking, and entertainment sectors. As per the press release details, DPRK maintains thousands of highly skilled IT workers globally, primarily located in China and Russia. These workers generate revenue that contributes to the regime’s weapons of mass destruction programs. The workers often take projects involving virtual currency and use crypto exchanges for fund management. Song faces designation under Executive Order 13694 for receiving funds through cyber-enabled…
The post US Treasury sanctions Song Kum Hyok for facilitating North Korean IT worker schemes appeared on BitcoinEthereumNews.com.
The US Treasury’s Office of Foreign Assets Control sanctioned North Korean cyber actor Song Kum Hyok. Song enabled strategies for IT workers to obtain jobs at firms by utilizing fictitious identities. Furthermore, OFAC sanctioned one person and four companies engaged in Russian scams. The DPRK’s military projects and financial operations are the targets of the actions. Song Kum Hyok targeted for facilitating fraudulent employment schemes Song Kum Hyok is a DPRK cyber actor who is associated with the sanctioned Andariel hacking group. The actor oversaw information technology employee cons that recruited DPRK nationals in Russia and China. Song provided the workers with false identities and nationalities to work for firms. The program took advantage of innocent businesses to make money for the DPRK government by fraudulent means. DPRK IT personnel occasionally infected business networks with malware for later exploitation. The personnel actively concealed their names, locations, and nationalities by using pseudonyms and supporting documents. In 2022 and 2023, Song used US persons’ information including names and social security numbers. The cyber actor created aliases for hired foreign workers using stolen personal data. Workers then used these accounts to pose as US persons seeking remote employment. Song planned to split income generated from these fraudulent employment arrangements with the workers. The scheme targeted employers in wealthier countries through mainstream freelance contracting and payment platforms. Applications developed by DPRK IT workers spanned business, health, fitness, social networking, and entertainment sectors. As per the press release details, DPRK maintains thousands of highly skilled IT workers globally, primarily located in China and Russia. These workers generate revenue that contributes to the regime’s weapons of mass destruction programs. The workers often take projects involving virtual currency and use crypto exchanges for fund management. Song faces designation under Executive Order 13694 for receiving funds through cyber-enabled…
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