North Korea: Cryptocurrencies
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment he has made of the potential implications for his policies of trends in the level of cryptocurrency theft by North Korea; what steps he is taking to (a) trace the assets and (b) prevent further illicit transactions; and whether he has considered (i) the imposition of sanctions on (A) cryptocurrency and (B) related entities linked to North Korea and (ii) other steps to help strengthen security regulatory protocols.
Answered by Catherine West
The UK has been consistent in challenging malicious cyber activity carried out by North Korean groups. This has included exposing and sanctioning North Korean actors for disruptive attacks that impacted the National Health Service. The National Cyber Security Centre has also issued multiple Cyber Security Advisories specifically on threats from North Korean groups, informing the UK technical audience on the way these groups operate and ways to defend against them.
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