The money is considered enough to fund the launch of about 30 intercontinental ballistic missiles.
READ MORE: US Soldiers Cross Border into North Korean Territory Without Authorization
Nelson underscored the importance of private sector efforts to disrupt illicit cyber activities by actors like North Korea.
“North Korean cyber criminals actively and aggressively exploit vulnerabilities. In particular, they look for flaws and frankly, willful neglect” by private service providers, Nelson said during the webinar.
“While we are responsible for developing guardrails to mitigate the risk of illicit finance, the private sector is really obligated to implement them effectively,” he added.
