DOJ Cracks Down on North Korean Cybercrime, Seizes $15M

On November fourteenth, the Department of Justice announced a significant crackdown on North Korean cybercrime, targeting a hacking group known as Advanced Persistent Threat thirty-eight. The group is accused of stealing millions in virtual currency, with the Justice Department seizing and freezing over fifteen million dollars. The group continues to move stolen currency through various digital channels, making it challenging to track. Meanwhile, five individuals involved in a separate North Korean scheme have pleaded guilty, assisting North Korean actors in obtaining remote IT employment with U.S. companies. These schemes impacted more than one hundred thirty-six U.S. companies and generated over two point two million dollars for North Korea. The FBI is actively investigating these cases, working to trace, seize, and forfeit all stolen funds. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.