• bunee
• December 1, 2023
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US Treasury Department Sanctions North Korean Tech Collective, Kimsuky

Main Points

• The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issues sanctions against North Korea-linked tech collective, Kimsuky.
• Kimsuky and eight foreign-based agents are accused of facilitating sanctions evasion.
• These agents reportedly assisted in revenue generation and missile-related technology procurement for the Democratic People’s Republic of Korea.

Tech Collective, Kimsuky, Feels the OFAC Heat

The Office of Foreign Assets Control (OFAC) is not one to keep quiet when it spies some sanctions shenanigans. Last Thursday, they dropped the sanction hammer on Kimsuky, a North Korean adversarial tech collective. This tech group made the naughty list for allegedly helping the Democratic People’s Republic of Korea (DPRK) dodge sanctions. DPRK must’ve thought it had its own cyber Avengers, but it turns out, crime doesn’t pay—even in the digital world.

Foreign Agents in the Digital DOOM-dog House

Eight foreign-based agents are also rubbing their cyber wounds. The U.S. Department of the Treasury alleges these clever invisibles aided in generating revenue and intercepting missile-related technology for our friends over at DPRK. Forget about angry birds, we’re talking about serious missile technology here! Unfortunately for them, the Treasury Department doesn’t think highly of clandestine activities—especially when it involves North Korea.

Summarizing the North Korean Cyber Shenanigans

Essentially, the OFAC has handed out a round of sanctions to Kimsuky, North Korea’s own tech league of villains, alongside eight foreign agents for aiding the DPRK in sanctions evasion and missile tech procurement. The Treasury Department might just have coined a new superhero maxim: “Not on our servers!” Too bad the violators couldn’t CTRL+Z their actions.

Original Article: https://thehackernews.com/2023/12/us-treasury-sanctions-north-korean.html