South Korea, Japan, and the US promised Tuesday to cooperate in thwarting North Korea’s attempts to gather money through illicit online operations including cryptocurrency theft, citing the possibility that the proceeds may be used for its military endeavors.
The three governments will “strive together to prevent thefts, including from private industry, by the DPRK and to recover stolen funds with the ultimate goal of denying the DPRK illicit revenue for its unlawful weapons of mass destruction and ballistic missile programs,” they said in a joint statement.
The official name of North Korea is the Democratic People’s Republic of Korea, or DPRK for short.
“The DPRK’s cyber program threatens our three countries and the broader international community and, in particular, poses a significant threat to the integrity and stability of the international financial system,” the three nations added.
The statement claimed that the “numerous cybercrime campaigns” carried out by North Korean state-sponsored hacker organization Lazarus and others associated with the country included the theft of digital assets valued at $308 million from Tokyo-based cryptocurrency exchange DMM Bitcoin Co. in May 2024.
Additionally, it urged private companies in associated sectors to learn more about ways to reduce cyber threats, such as taking precautions to “mitigate the risk of inadvertently hiring DPRK IT workers.”
In recent years, Japan, the US, and South Korea have increased their cooperation in a number of sectors, including economic security, advanced technology, and security.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream formerly known as CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, The Mainstream formerly known as CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, The Mainstream formerly known as CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK
