South Korean authorities get tough with the neighboring country's notorious crypto hackers.
South Korea announced its first independent sanctions related to cryptocurrency thefts and cyber attacks against certain North Korean groups and individuals.
According to Seoul's Ministry of Foreign Affairs, four North Korean individuals and seven businesses have been placed on a blacklist for their alleged involvement in cyberattacks and cryptocurrency theft,a local daily. The blacklisted individuals include the infamous Park Jin-hyok, Jo Myong-rae, Song Rim and Oh Chung-seong.
The most notorious of the four hackers, Park, works in information technology for the Chosun Expo Joint Venture, a front company connected to the Lazarus Group in North Korea. He is well-known for participating in the WannaCry ransomware assault in 2017 and the cyberattack on Sony Pictures Entertainment in November 2014. The United States Treasury placed him on a blacklist in 2018.
The independent sanctions against North Korean hackers and hacker groups come just hours after South Korea and the U.S.a joint cyber security venture against ransomware attacks. The National Intelligence Service of South Korea, in coordination with the National Security Agency and other U.S. intelligence organisations, released a joint cybersecurity alert on the threat posed by ransomware from North Korea.
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