Articles Tagged with sanctions

IMG_0096-300x200According to the FBI, financial tension caused by United States sanctions sparked an influx of cybercrime in North Korea. Deputy assistant director of the cyber division at the FBI, Tonya Ugoretz, spoke at an event held at The Aspen Institute regarding the issue.

Many of the cyber attacks involving the theft of cryptocurrency from multiple platforms are suspected to originate from Pyongyang. However, Pyongyang is also suspected of facilitating numerous campaigns in support of cryptocurrency theft and ransomware.

The cyberattacks range from complex global attacks to a long list of small-scale scams and fraud. Many of the more complicated cryptocurrency schemes have also targeted specific exchanges in an effort to manipulate securities in other countries.