North Korean shell companies found impersonating US IT firms to fund missiles

Category	Details
Threat Actors	DPRK-affiliated groups impersonating US-based software and tech consulting businesses.
Campaign Overview	North Korea uses fake IT job schemes to bypass international sanctions and fund weapons programs.
Target Regions (Or Victims)	Primarily the US, with workers from China, Russia, Southeast Asia, and Africa involved in fraudulent activities.
Methodology	Fake companies are set up to employ North Korean IT workers who funnel income back to North Korea via cryptocurrency or shadow banking.
Product targeted	IT consulting services, particularly in software and technology sectors in the US.
Malware Reference	No direct mention of malware; focus is on financial fraud and sanctions evasion.
Tools Used	Cryptocurrency, shadow banking systems, and website cloning tools (used for creating fake company websites).
Vulnerabilities Exploited	Use of fraudulent identities and fake companies to gain employment in the US.
TTPs	Impersonating legitimate businesses, operating under false identities, money laundering through cryptocurrency and shell companies.
Attribution	North Korea, as part of its broader IT worker scheme, suspected to be using these methods to fund WMD and ballistic missile programs.
Recommendations	Global law enforcement coordination, increased monitoring of IT worker schemes, sanctions enforcement, and takedowns of fraudulent domains.
Source	Candid Technology

Read full article: https://candid.technology/north-korean-shell-companies-found-impersonating-us-it-firms-to-fund-missiles/

Disclaimer: The above summary has been generated by an AI language model.