The U.S. Treasury sanctioned an international fraud network used by North Korea to place hackers inside U.S. companies posing as legitimate job applicants. The scheme uses fake identities and documents to secure employment, where hired individuals steal sensitive corporate data and extort employers for ransom. The network generated at least $1 million in profits and is one of many schemes raising billions, including cryptocurrency, to fund North Korea's sanctioned nuclear weapons program. Sanctioned entities and individuals include Russian national Vitaliy Sergeyevich Andreyev, companies Chinyong, Shenyang Geumpungri, Sinjin, and a North Korean consular official accused of laundering nearly $600,000 into cryptocurrency.
The U.S. Treasury has sanctioned an international fraud network used by North Korea to infiltrate U.S. companies with hackers posing as legitimate job seekers, agency officials announced Wednesday. The sanctions are the latest action taken by the U.S. Treasury in recent months aimed at combating North Korean government workers from seeking employment at American companies using fake identities and documents to apply for jobs.
In a statement Wednesday, the Treasury said the fraud network generated at least $1 million in profits for the North Korean regime, one of many such schemes that have helped raise billions of dollars in stolen funds, including cryptocurrency, to fund its internationally sanctioned nuclear weapons program. As part of its latest round of enforcement, the Treasury sanctioned Vitaliy Sergeyevich Andreyev, a Russian national accused of working with the North Koreans to facilitate payments to a company called Chinyong.
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