Internet Security

United States, South Korea and Japan security advisors in Seoul for trilateral meeting

Advertisement Asia United States, South Korea and Japan to step up actions on North Korean cyberthreats Japan’s Prime Minister Fumio Kishida speaks during a summit discussion, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, at the Stanford, California, US, Nov 17, 2023. (File photo: Reuters/Brittany Hosea-Small) New: You can now listen to articles.

Advertisement

Asia

United States, South Korea and Japan to step up actions on North Korean cyberthreats

United States, South Korea and Japan to step up actions on North Korean cyberthreats

Japan’s Prime Minister Fumio Kishida speaks during a summit discussion, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, at the Stanford, California, US, Nov 17, 2023. (File photo: Reuters/Brittany Hosea-Small)


New: You can now listen to articles.



Sorry, the audio is unavailable right now.


Please try again later.

This audio is AI-generated.

09 Dec 2023 09:24AM
(Updated: 09 Dec 2023 04:11PM)


Bookmark


Bookmark


Share

SEOUL: The United States, South Korea and Japan agreed new initiatives on Saturday (Dec 9) to respond to North Korea’s threats in cyberspace, including cryptocurrency abuses and space launches, White House National Security Adviser Jake Sullivan said.

The three countries’ national security advisers met in Seoul as Pyongyang warned that it would deploy more spy satellites.

Sullivan said the meeting followed up on commitments set forth at a Camp David trilateral summit hosted by President Joe Biden in August, where leaders of the US and its two key Asian allies pledged to deepen security and economic cooperation.

“We’ve also launched new trilateral initiatives to counter the threats posed by the DPRK, from its cybercrime and cryptocurrency money laundering to its reckless space and ballistic missile tests,” Sullivan told reporters, referring to North Korea by its official name, the Democratic People’s Republic of Korea.

His Japanese counterpart Takeo Akiba said North Korea’s “illicit cyber activities” had emerged as most recent challenges, calling them “a source of funds” for the isolated state’s nuclear missile development.

The three countries’ coordinated efforts will target potential threats of economic coercion, having completed work on a supply-chain early warning system, agreed to at Camp David, in critical minerals and rechargeable batteries, Sullivan said.

Biden met at Camp David with South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida to project unity in the face of China’s growing power and nuclear threats from North Korea.

Sullivan said the nations “continue to stand up for peace and stability across the Taiwan Strait and freedom of navigation in the East and South China Seas”.

Sullivan and his South Korean counterpart Cho Tae-yong co-chaired on Saturday the first Next Generation Critical and Emerging Technologies (CET) Dialogue, a forum aimed at cooperation on chips and other critical technologies, the South Korean presidential office said.

NORTH KOREA-RUSSIA TIES

North Korean state media said on Saturday that Pyongyang was determined to launch more spy satellites soon, calling space development part of its right to defend itself as any other country has.

Sullivan disputed that claim, saying North Korea’s satellite launch involves ballistic-missile technologies that violate United Nations resolutions.

Sanctions monitors have accused North Korea of using cyberattacks to gather funds for its nuclear and missile programmes, and a UN report said Pyongyang had stepped up its cryptocurrency theft last year, using sophisticated techniques to steal more in 2022 than any other year.

North Korea has denied allegations of hacking or other cyberattacks.

After talks with Sullivan and Akiba, South Korean national security adviser Cho Tae-yong said the three had also exchanged ideas on Ukraine and Middle East issues.

They discussed growing military cooperation between Russia and North Korea, and all three were confident North Korea was supplying weapons for Russia in the Ukraine war, Sullivan said.

Since the White House said in October that North Korea had provided Russia with a shipment of weapons from a port in its border town of Rason, the port continues to display a high level of activity, the Washington-based Center for Strategic and International Studies (CSIS) said in a report published on Friday, citing satellite imagery analysis.

North Korea has denied any arms transfer with Moscow.

South Korea flies solid-fuel rocket amid space race with North Korea

North Korea begins reconnaissance satellite operations: Report

US, South Korea revise deterrence strategy, boost drills over North Korea threat

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Internet Security

Robinhood Crypto Launches Crypto Transfers for European Users

Robinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility…

Robinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility…
Read More

Continue Reading
Internet Security

Taiwan’s financial regulator permits professional investors to invest in digital asset ETFs

The FSC has restricted access to the virtual asset ETFs to professional institutional investors Security companies will need to establish a “virtual asset ETF suitability system” Taiwan’s financial regulator is allowing professional investors to invest in “foreign virtual asset” exchange-traded funds (ETFs) through a re-entrustment service. In an announcement, the Financial Supervisory Commission (FSC) explained


  • The FSC has restricted access to the virtual asset ETFs to professional institutional investors
  • Security companies will need to establish a “virtual asset ETF suitability system”

Taiwan’s financial regulator is allowing professional investors to invest in “foreign virtual asset” exchange-traded funds (ETFs) through a re-entrustment service.

In an announcement, the Financial Supervisory Commission (FSC) explained that the move would give investors a “variety of product choices and enhance the momentum of China’s securities firms’ re-entrustment of business.”

As a result of the high risks involved in crypto-related ETFs, the FSC has restricted this to professional investors. These include professional institutional investors, high-net-worth professionals, and high-asset clients.

Additionally, the FSC noted that security companies will need to establish a “virtual asset ETF suitability system, which needs to be approved by the board of directors, to determine a client’s professional knowledge of virtual assets before investing in an ETF.

The security companies will also need to provide product information relating to the ETF before a client makes their first purchase. The security firms will also provide regular training and education on virtual assets.

The FSC said it will “continue to pay attention to the handlings of re-entrusted business by securities firms and continue to improve relevant regulations to ensure the rights and interests of investors and enhance the competitiveness of securities firms.”

Cautious approach

Taiwan has, traditionally, taken a cautious stance toward the cryptocurrency market.

However, over the past year, the financial regulator has seen a shift toward the industry. Last September, the FSC released its guidelines for crypto exchanges with the aim of boosting crypto regulation.

Following that, last October, the Taiwan government introduced the Virtual Asset Management Bill.

Focusing on customer protection, regulatory obligations, and industry self-regulation, the bill provides guidelines for virtual asset service providers (VASPs) while building industry growth.

Read More

Continue Reading
Internet Security

Security personnel jogging behind Bishop Oyedepo’s Rolls Royce ignites debate

A video featuring security personnel jogging after the convoy of Bishop David Oyedepo in his new Rolls Royce has sparked mixed reactions across various social media platforms. The footage has quickly gone viral, prompting discussions about the appropriateness of such a display in a religious context…

A video featuring security personnel jogging after the convoy of Bishop David Oyedepo in his new Rolls Royce has sparked mixed reactions across various social media platforms. The footage has quickly gone viral, prompting discussions about the appropriateness of such a display in a religious context…
Read More

Continue Reading
Internet Security

BNY Mellon Gets SEC Non-Objection to Expand Crypto Custody Beyond Bitcoin, Ethereum ETFs

BNY Mellon gains SEC non-objection to expand its crypto custody services beyond Bitcoin and Ethereum, enhancing asset security for clients. The post BNY Mellon Gets SEC Non-Objection to Expand Crypto Custody Beyond Bitcoin, Ethereum ETFs appeared first on BeInCrypto…

BNY Mellon gains SEC non-objection to expand its crypto custody services beyond Bitcoin and Ethereum, enhancing asset security for clients.
The post BNY Mellon Gets SEC Non-Objection to Expand Crypto Custody Beyond Bitcoin, Ethereum ETFs appeared first on BeInCrypto…
Read More

Continue Reading