FINCast Ep. 19 - The DPRK Sanctions Program
Businesses should be aware of growing security risks from North Korean IT workers targeting freelance contracts from businesses in the U.S. and other countries. Typically, these workers fraudulently claim they are from the US...more
North Korean IT operatives are infiltrating U.S. and Western companies using stolen or fabricated identities, VPNs, and U.S.-based co-conspirators to gain unauthorized access to corporate systems. These insider threats pose...more
Remote worker fraud is expected to continue to proliferate in 2025. Fully remote hiring and work, particularly in the technology sector, continues to pose unique business and legal risks for companies. Just in December 2024,...more
Major U.S. companies targeted by North Korean threat actors disguised as remote IT workers. Multiple individuals responsible for stealing millions of dollars have already been apprehended by U.S. authorities....more
In today's fast-paced digital world, businesses often seek to access a global pool of skilled professionals by turning to remote talent to fill gaps in their IT needs. Although this practice has many advantages, it also...more
In a significant development, the Department of Justice (DOJ) indicted 14 North Korean nationals on December 11, 2024 for their involvement in a sophisticated scheme to defraud U.S. companies and violate international...more
ComplexDiscovery Editor’s Note: Sandra Joyce’s keynote at the Tallinn Digital Summit 2024 offers a vital look into the shifting dynamics of the cyber threat landscape. As an annual gathering of leaders from the digitally...more
The New York State Department of Financial Services (“NYDFS”) has urged organizations to exercise caution when hiring remote employees due to an increase in individuals located in the Democratic People’s Republic of Korea...more
Keypoint: The New York State Department of Financial Services (NYDFS) issued an industry letter outlining the threats posed to U.S. companies who hire remote technology workers linked to North Korea and may embezzle funds...more
Unit 42 recently reported that it has identified “Jumpy Pisces, a North Korean state-sponsored threat group associated with the Reconnaissance General Bureau of the Korean People’s Army, as a key player in a recent ransomware...more
On Thursday, August 8, 2024, the United States Department of Justice (“DOJ”) announced that it had charged a Nashville man for his alleged role in assisting the Democratic People’s Republic of Korea (“DPRK” or “North Korea”)...more
OFAC has been busy and not so busy — what do I mean? OFAC is administering a complex set of coordinated sanctions against Russia, in close coordination with the EU and the UK....more
Back in May 2019, the Trump Administration issued Executive Order 13873, which was meant to police the use of certain information and communications technology and services (ICTS) purchased from "foreign adversaries." Then,...more
The Department of Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) this week issued Alert (AA20-301A) titled North Korean Advanced Persistent Threat Focus: Kimsuky warning U.S. businesses, and...more
The Singapore summit was the focus of news stories this week. The media descended on Singapore to capture all of the news. When journalists started posting pictures of the contents of the gift bags that they were given at the...more