Treasury releases 2023 DeFi illicit finance risk assessment

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The Treasury Dept. released its first-ever illicit finance risk assessment of decentralized finance (DeFi) services to cybercriminals and state actors like North Korea.

Check Point Software Technologies CEO Gil Shwed discusses competition in the cybersecurity space and explains why health care is the number one target of hackers on The Claman Countdown.of decentralized finance services around the world.

Cybercriminals, ransomware attackers, scammers and state actors like North Korea are exploiting vulnerabilities in decentralized finance services to steal and launder money according to the Treasury Dept. "Our assessment finds that illicit actors, including criminals, scammers, and North Korean cyber actors are using DeFi services in the process of laundering illicit funds. Capturing the potential benefits associated with DeFi services requires addressing these risks," Nelson added.

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U.S. Treasury publishes DeFi-focused illicit finance risk assessmentThe U.S. Treasury Department published an illicit finance risk assessment report focused specifically on DeFi. TLDR: the dolla is the criminal's currency of choice
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