IT Fraud | Breaking Cybersecurity News | The Hacker News

The U.S. Department of Justice (DoJ) on Thursday indicted two North Korean nationals, a Mexican national, and two of its own citizens for their alleged involvement in the ongoing fraudulent information technology (IT) worker scheme that seeks to generate revenue for the Democratic People's Republic of Korea (DPRK) in violation of international sanctions. The action targets Jin Sung-Il (진성일), Pak Jin-Song (박진성), Pedro Ernesto Alonso De Los Reyes, Erick Ntekereze Prince, and Emanuel Ashtor. Alonso, who resides in Sweden, was arrested in the Netherlands on January 10, 2025, after a warrant was issued. All five defendants have been charged with conspiracy to cause damage to a protected computer, conspiracy to commit wire fraud and mail fraud, conspiracy to commit money laundering, and conspiracy to transfer false identification documents. Jin and Pak have also been charged with conspiracy to violate the International Emergency Economic Powers Act. If convicted, each of them faces a ...

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned two individuals and four entities for their alleged involvement in illicit revenue generation schemes for the Democratic People's Republic of Korea (DPRK) by dispatching IT workers around the world to obtain employment and draw a steady source of income for the regime in violation of international sanctions. "These IT workers obfuscate their identities and locations to fraudulently obtain freelance employment contracts from clients around the world for IT projects, such as software and mobile application development," the Treasury Department said . "The DPRK government withholds up to 90% of the wages earned by these overseas workers, thereby generating annual revenues of hundreds of millions of dollars for the Kim regime's weapons programs to include weapons of mass destruction (WMD) and ballistic missile programs." The action represents the latest salvo in the U.S. g...

Cybersecurity researchers have identified infrastructure links between the North Korean threat actors behind the fraudulent IT worker schemes and a 2016 crowdfunding scam. The new evidence suggests that Pyongyang-based threamoret groups may have pulled off illicit money-making scams that predate the use of IT workers, SecureWorks Counter Threat Unit (CTU) said in a report shared with The Hacker News. The IT worker fraud scheme , which came to light in late 2023, involves North Korean actors infiltrating companies in the West and other parts of the world by surreptitiously seeking employment under fake identities to generate revenue for the sanctions-hit nation. It's also tracked under the names Famous Chollima, Nickel Tapestry, UNC5267, and Wagemole. The IT personnel, per South Korea's Ministry of Foreign Affairs (MoFA), have been assessed to be part of the 313th General Bureau, an organization under the Munitions Industry Department of the Workers' Party of Korea. ...

SaaS Adoption is Skyrocketing, Resilience Hasn't Kept Pace SaaS platforms have revolutionized how businesses operate. They simplify collaboration, accelerate deployment, and reduce the overhead of managing infrastructure. But with their rise comes a subtle, dangerous assumption: that the convenience of SaaS extends to resilience. It doesn't. These platforms weren't built with full-scale data protection in mind . Most follow a shared responsibility model — wherein the provider ensures uptime and application security, but the data inside is your responsibility. In a world of hybrid architectures, global teams, and relentless cyber threats, that responsibility is harder than ever to manage. Modern organizations are being stretched across: Hybrid and multi-cloud environments with decentralized data sprawl Complex integration layers between IaaS, SaaS, and legacy systems Expanding regulatory pressure with steeper penalties for noncompliance Escalating ransomware threats and inside...