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US sanctions North Korean firm, nationals behind IT worker schemes

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned three North Korean nationals and a company for supporting fraudulent IT worker schemes that generated illicit revenue for the Democratic People’s Republic of Korea (DPRK) government. The sanctioned company is named Korea Sobaeksu Trading Company, and the three North Korean individuals are Kim Se Un, Jo Kyong Hun, and Myong Chol Min. North Korea’s IT worker schemes involve placing skilled tech workers in American companies using fake or stolen identities to get the job. The workers' earnings are then funneled to the DPRK regime to fund its nuclear and missile programs. In a recent public service announcement, the FBI has updated its recommendations for U.S. businesses to defend against such…

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Source
bleepingcomputer.com
Published
Jul 25, 2025
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language: en
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