News & Analysis as of

Cyber Crimes North Korea

Robinson+Cole Data Privacy + Security Insider

Scary Halloween News: Jumpy Pisces Using Play Ransomware to Attack Organizations

Unit 42 recently reported that it has identified “Jumpy Pisces, a North Korean state-sponsored threat group associated with the Reconnaissance General Bureau of the Korean People’s Army, as a key player in a recent ransomware...more

Alston & Bird

DOJ Continues to Investigate and Prosecute North Korean IT Worker Fraud Scheme

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On Thursday, August 8, 2024, the United States Department of Justice (“DOJ”) announced that it had charged a Nashville man for his alleged role in assisting the Democratic People’s Republic of Korea (“DPRK” or “North Korea”)...more

Proskauer - Blockchain and the Law

Don’t Get Caught Up in the Mix: OFAC Sanctions Another Crypto Mixer for Potential Violations of Sanctions Regulations and FinCEN...

U.S. government agencies continue to take action against cryptocurrency mixing services that enable cybercriminals to obfuscate the trail of stolen proceeds on public blockchains stemming from illicit cyber activity. On...more

Dechert LLP

Tornado Watch: Popular Cryptocurrency Mixer “Tornado Cash” Dealt Two Major Blows in a Week

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Tornado Cash, a cryptocurrency mixer, recently suffered two major setbacks in federal regulatory efforts to block its use and prosecute its founders. First, a federal district court threw out a lawsuit challenging the...more

Ankura

Ankura CTIX FLASH Update - December 2022

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New Campaign Targets Telecom and Business Process Outsourcing Corporations - An increase in the targeting of telecommunications and business process outsourcing (BPO) companies has been identified and tied to a new...more

K2 Integrity

The North Korean Crypto Threat

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Executive Summary - The North Korean threat to the crypto ecosystem is the highest form of immediate risk to the crypto-economy driven by a regime that seeks to profit from its misuse to reinforce its regime and fuel all its...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - October 2022 - OFAC Reissues Cyber-Related Sanctions Regulations

An inherent aspect of any new technology is that it doesn’t take long for bad actors to figure out how it can be weaponized for nefarious purposes. Cyber-related technologies represent an increasingly dangerous area of risk...more

Robinson+Cole Data Privacy + Security Insider

DSH Warns of North Korean Advanced Persistent Threat Group Kimsuky Tactics

The Department of Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) this week issued Alert (AA20-301A) titled North Korean Advanced Persistent Threat Focus: Kimsuky warning U.S. businesses, and...more

K2 Integrity

DPRK Continues Expansive Sanctions Evasion and Cyber Activity

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The United Nations and the United States Government have released significant reports that detail North Korea’s continued efforts to engage in wide-ranging sanctions evasion activity in support of its weapons of mass...more

King & Spalding

Virtual Currency as a Threat to National Security?

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In the past, sanctioned jurisdictions like Venezuela have embraced virtual currency as a way to bypass channels that involve U.S. dollars, blunting the impact of U.S. economic sanctions policies aimed at isolating those...more

Robinson+Cole Data Privacy + Security Insider

FBI and DHS Warn of Malicious Malware (HIDDEN COBRA) Attributed to North Korea

Just days after the summit between the U.S. and North Korea, the Federal Bureau of Investigation (FBI) and the Department of Homeland Security issued a warning about a malicious malware, a Trojan malware variant known as...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - June 2018 #2

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CYBERSECURITY - Financial Conduct Authority Warns Banking Industry of ICOs and Cryptocurrency - Writing a “Dear CEO” letter to banking executives, the Financial Conduct Authority (FCA) warned executives on June 11,...more

Robinson+Cole Data Privacy + Security Insider

Another Hitch in the Crypto Boom? North Korean Malware Hijacks Computers to Mine Monero Cryptocurrency

Researchers at cybersecurity firm AlienVault have discovered a computer virus of North Korean origin which infects and hijacks computers in order to mine Monero, a private digital currency which styles itself as “secure,...more

Foley Hoag LLP - Security, Privacy and the...

DHS Amplifies Call for Public-Private Partnership in Cyberdefense and Pledges to “Intervene Directly”

The worldwide WannaCry attack from May 2017 has been officially blamed on North Korea. In a press briefing publicly announcing the Administration’s declaration of North Korean culpability, the Department of Homeland Security...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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News emerged in past weeks that North Korean hackers were likely behind the theft of $81 million from the central bank of Bangladesh. You can add to that an attack on more than 20 Polish banks and an attempt at other...more

Parker Poe Adams & Bernstein LLP

The New US Sanctions Against North Korea: Dr. Evil's Got Nothing on Kim Jong-un

Although poor, out-of-touch Dr. Evil of the Austin Powers series had to resort to the threat of using a giant laser beam to decimate various cities to try to obtain his one million billion dollars in ransom, Kim Jong-un1...more

King & Spalding

FBI Director James Comey To The Private Sector: “You need protection. You need guidance. I need information.”

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FBI Director Comey delivered a keynote speech at the annual International Conference on Cyber Security this past Wednesday at Fordham University. In his speech, Director Comey discussed a number of organizational changes over...more

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