The US Treasury Department is sanctioning a North Korean terrorist organization for stealing billions of dollars from businesses using data mining techniques.
Office of the Treasury Department of Foreign Assets Control (OFAC) he says It approves six people and two companies to help North Korea (DPRK) cheat businesses on $ 800,000,000 in 2024 to finance the country’s military equipment.
Officials say North Korean sympathizers have infiltrated US and allied businesses with fraudulent documents and false identities, working for them in IT departments and earning money while the North Korean government reaped the money.
In addition, it was found that some people inject malware into corporate networks to steal confidential and personal information.
The two official companies are Amnokgang Technology Development Company, a North Korean IT company that managed to outsource IT Workers, and Quangvietdnbg International Services Company Limited, a Vietnamese company that converted illegal currency into crypto assets for the North Korean government.
As Treasury Secretary Scott Bessent said,
“The North Korean regime targets American companies through fraudulent tactics by foreign IT workers, who use well-known equipment and extort businesses to pay large sums of money.
Under President Trump’s leadership, the Treasury will continue to pursue these investments to protect US businesses from these negative impacts and ensure that those affected are held accountable. “
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