🚨South Korea imposes sanctions on North Korean hackers to combat large-scale cryptocurrency theft🛡️
In the latest news, South Korea has taken action against 15 North Korean hackers and one entity suspected of cybercrime for suspected large-scale theft of cryptocurrency. This has attracted attention worldwide because North Korea is suspected of using cyber operations to raise funds for its weapons programs while evading international sanctions.
The South Korean Ministry of Foreign Affairs revealed that these sanctioned individuals are related to the 313 Bureau under the Ministry of Machinery Industry of the Workers' Party of Korea, which has been sanctioned by the United Nations Security Council since 2016. They often send people to work in IT companies around the world, ostensibly for normal employment, but in fact they are engaged in the theft of cryptocurrency.
For example, there is a person named Kim Cheol-min, who infiltrated IT companies in the United States and Canada and remitted large sums of foreign exchange back to North Korea. There is also a sanctioned corporate entity that specializes in sending IT personnel overseas to raise illegal funds for the North Korean regime and military.
According to a report by Chainalysis, North Korean hackers stole approximately $1.34 billion worth of cryptocurrency in 47 incidents worldwide last year, accounting for 61% of the total number of global cryptocurrency thefts in 2023. These hackers use advanced technology to break into corporate networks and then steal digital assets.
Although South Korea's sanctions are an important step, global cooperation and more advanced cybersecurity measures are needed to truly stop North Korea's cyber threats. The South Korean government said that they will continue to work with the international community to stop North Korea's illegal cyber activities.
Regarding South Korea's sanctions on North Korea, some people believe that South Korea's move may be a political retaliation against North Korea using its power. However, some people wonder whether South Korea's imposition of these sanctions is politically motivated or based on the maintenance of cybersecurity and international rules. In addition, whether these sanctions can effectively combat North Korea's cybercrime activities is also a question of concern.
💬 Do you think South Korea's imposition of these sanctions is politically motivated or based on the maintenance of cybersecurity and international rules? Do you think these sanctions can effectively combat North Korea's cybercrime?#SouthKorea#SanctionsNorthKorea#CryptocurrencyTheft#Cybersecurity
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