EU Imposes First Sanctions on Individuals and Entities from North Korea, China, and Russia for Cyber Attacks

North Korea Expo Cited in WannaCry Attack
Funds Frozen and Entry Banned

European Union Summit
[Image source=Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The European Union (EU) on the 30th (local time) imposed sanctions on North Korea's information technology company Chosun Expo Joint Venture, as well as individuals and institutions from China and Russia, citing their involvement in cyberattacks against member states.

The EU Council decided on the same day to impose sanctions on six individuals and three institutions responsible for or related to various cyberattacks. Among the sanctioned entities was North Korea's 'Chosun Expo.' In addition to North Korea, individuals and institutions from China and Russia were also targeted.

The EU Council stated that 'Chosun Expo' provided financial, technical, and material support for several cyberattacks, including the WannaCry malware attack that struck the world in May 2017.

Accordingly, the sanctioned institutions and individuals will face entry bans into the EU and asset freezes. It is also prohibited for individuals and institutions within the EU to provide funds to those subject to these sanctions.

Bloomberg News reported that this is the first time the EU has imposed sanctions related to cyberattacks against its member states.

This content was produced with the assistance of AI translation services.