Article The Review of Banking & Financial Services

Cyber Threats from North Korea and China: Risks and Recommendations

In April and May 2020, six different U.S. federal government agencies published two joint advisories regarding cyber threats from North Korea and China. Each advisory provides a summary of the potential risks and threats posed by each country to financial institutions and other sectors, best practices to guard against such risks, and associated legal requirements. In this article for The Review of Banking & Financial Services, Kirkland attorneys Mario Mancuso, Sanjay Mullick and Jeremy Iloulian discuss these advisories, the practical implications for the private sector, and the U.S. government’s expectations for compliance.

"In the last few years, the United States has imposed increasingly severe restrictions on North Korea and China, such as economic sanctions and export controls, in the interests of U.S. foreign policy and national security priorities."

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