The Office of the Treasury’s Office’s Office (OFAC) has approved three North Korean citizens and a company to support fake IT activists, which generates illegal revenue for the Democratic People’s Republic of Korea (DPRK) government.
The sanctioned company is named Korea Sobeksu Trading Company, and three are North Korean man Kim Cess, Joe King Hun, and Mayang Chola Min.
North Korea’s IT workers’ schemes include keeping efficient technical workers in American companies using fake or theft identity to get jobs.
The earnings of the workers then get funnel in the DPRK rule to fund their atomic and missile programs.
recently Public service declarationThe FBI has updated its recommendations for American businesses to prevent such schemes.
The US has taken decisive action against these schemes and their facilities in the past, such as the disintegration of “laptop farm” operations in the country earlier this month and prosecution of 14 major persons.
Earlier this month, OFAC approved Song Kum Hawk, it is believed that it is a member of North Korean Hacking Group “Andarial” and a feature of IT activists.
Latest of ofac Round of restrictions The following lists the following institutions and individuals who have played a role in financial facilities, recruitment and cryptocurrency operations, which aims to pursue the goals of DPRK:
- Korea Sobeksu Trading Company -A North Korea -based front company for the Department of Municipal Industries that sends IT workers abroad and purchases material for DPRK’s nuclear and missile programs.
- Kim cess un – A Sobekasu representative, who ran subordinate companies, recruited North Korean IT workers abroad (eg, in Vietnam), and supported the efforts to create revenue.
- Joe King Hun – An IT team leader in SobaekSu is involved in the management of cryptocurrency and financial operations associated with IT projects of DPRK.
- Meyong chola min – A business representative who helped SobaekSu to overcome restrictions and attempted to import goods like tobacco to generate revenue for governance.
Ofac’s restrictions translate into cold property over the US region and restrict transactions with American individuals and businesses. Overall, increased international pressure restrictions have another effect.
The ban is not the only means to disrupt DPRK’s efforts as the US State Department has announced awards Up to $ 7 million For leading information for arrest/punishment of sanctioned persons.
CISOS knows how to purchase a board begins with a clear, strategic approach how the cloud safety runs the business price.
This helps to introduce the risk, impact and priorities to the free, editable board report deck deck security leaders in clear business terms. Convert security updates into meaningful conversations and take fast decision in boardroom.
