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Benzinga
Benzinga
Business
Namrata Sen

US Busts $5 Million North Korean IT Scam — Americans, Chinese, Taiwanese Among Those Arrested

Hacker,From,North,Korea.,Flag,Dprk.,Silhouette,Man,Hacker,With

The U.S. Department of Justice (DOJ) has taken a significant step against North Korea’s illicit financial activities, which involve remote IT workers operating within American tech firms.

What Happened: The DOJ has announced a series of actions aimed at dismantling North Korea’s money-making operations, which are conducted by covert remote IT workers within U.S. tech companies. The funds generated are allegedly used to finance North Korea’s nuclear weapons program and for data and cryptocurrency theft. As per the DOJ, the fraud scheme impacted over 100 U.S. companies.

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