BusinessPostCorner.com
No Result
View All Result
Friday, July 18, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

N Korea made millions from remote work scheme, US says

December 13, 2024
in Business
Reading Time: 2 mins read
A A
0
N Korea made millions from remote work scheme, US says
ShareShareShareShareShare

The prosecutors say the suspects worked for two North Korean-controlled companies – China-based Yanbian Silverstar and Russia-based Volasys Silverstar.

They were among a group of 130 North Korean IT workers employed by the two firms where they were internally referred to as “IT Warriors”, according to the US Department of Justice.

The suspects were allegedly ordered to seek salaries of $10,000 a month from their US employers.

On top of the monthly wage, they would also raise funds for the North Korean regime by stealing valuable company information and threatening to leak it unless the employer made an extortion payment.

The group is now facing wire fraud, money laundering, identity theft and other charges.

Aside from using stolen identities to avoid detection, prosecutors said they paid people residing in the US to receive, set up, and host laptops provided by the US employers.

They would then instruct those US residents to install remote access software allowing them to appear to be working from the US when they were actually overseas.

Investigators believe the suspects are in North Korea making it unlikely that they will ever face justice.

Still, the US State Department has announced that it will offer a reward of up to $5m for anyone who can provide more information on the suspects as well as Yanbian and Volasys.

US officials have not named the American companies targeted in the scheme

“While we have disrupted this group and identified its leadership, this is just the tip of the iceberg,” said Special Agent in Charge Ashley T. Johnson of the FBI St. Louis Field Office.

“The government of North Korea has trained and deployed thousands of IT workers to perpetrate this same scheme against US companies every day.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Ofcom fines UK’s Royal Mail £10.5mn for poor performance

Next Post

Steven Bartlett sharing harmful health misinformation on Diary of CEO podcast

Next Post
Steven Bartlett sharing harmful health misinformation on Diary of CEO podcast

Steven Bartlett sharing harmful health misinformation on Diary of CEO podcast

Solana Price Prediction: Experts See SOL Hitting 0 Before August Amid Bullish Chart Patterns

Solana Price Prediction: Experts See SOL Hitting $300 Before August Amid Bullish Chart Patterns

July 13, 2025
Electric car purchases will be cheaper, pledges Heidi Alexander

Electric car purchases will be cheaper, pledges Heidi Alexander

July 13, 2025
Trump account could hit 0,000 by age 21—and  million by 60

Trump account could hit $100,000 by age 21—and $2 million by 60

July 12, 2025
Donald Trump threatens 100% secondary tariffs on Russia

Donald Trump threatens 100% secondary tariffs on Russia

July 14, 2025
Trump says Coca-Cola will swap corn syrup for cane sugar in US

Trump says Coca-Cola will swap corn syrup for cane sugar in US

July 16, 2025
ChatGPT’s 42-Signal ADA Analysis Flags alt=

ChatGPT’s 42-Signal ADA Analysis Flags $0.75 Breakout Amid Hoskinson Governance Push

July 15, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Huddersfield woman urges more support for people struggling with debt

Huddersfield woman urges more support for people struggling with debt

July 18, 2025
I went from side-hustling to running a  million-a-year marketing agency that works with MrBeast: Here’s my most important investment 

I went from side-hustling to running a $27 million-a-year marketing agency that works with MrBeast: Here’s my most important investment 

July 18, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!