EconomyLens.com
No Result
View All Result
Wednesday, June 11, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

US Treasury says was targeted by China state-sponsored cyberattack

Andrew Murphy by Andrew Murphy
December 30, 2024
in Business
Reading Time: 5 mins read
A A
1
107
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

The US Treasury department said that some of its workstations had been hacked after a third-party cybersecurity service provider was compromised. ©AFP

Washington (AFP) – The US Treasury Department said Monday that a China state-sponsored actor was behind a cyber breach resulting in access to some of its workstations, according to a letter to Congress seen by AFP. The incident happened earlier this month, when the actor compromised a third-party cybersecurity service provider and was able to remotely access the Treasury workstations and some unclassified documents, a Treasury spokesperson added.

Related

French Tesla customers sue over brand becoming ‘extreme right’

TikTok says to increase investment in Britain

Warner Brothers Discovery will split company to build streaming

EU states look to trim compensation for flight delays

Trump may get rid of his Tesla after Musk row: official

Treasury contacted the US Cybersecurity and Infrastructure Security Agency after it was alerted of the situation by its provider BeyondTrust and has been working with law enforcement partners to ascertain the impact. “The compromised BeyondTrust service has been taken offline and there is no evidence indicating the threat actor has continued access to Treasury systems or information,” the department’s spokesperson said. In its letter to the leadership of the Senate Banking Committee, the Treasury said: “Based on available indicators, the incident has been attributed to a China state-sponsored Advanced Persistent Threat (APT) actor.”

An APT refers to a cyberattack where an intruder establishes and maintains unauthorized access to a target, remaining undetected for a sustained period of time. The department did not provide further details on what was affected by the breach but said more information would be released in a supplemental report at a later date. “Treasury takes very seriously all threats against our systems and the data it holds,” the Treasury spokesperson added. The official said that the department would continue working to protect the US financial system from threats.

– Alarm over hacks –

Several countries, notably the United States, have voiced alarm in recent years at what they say is Chinese-government-backed hacking activity targeting their governments, militaries, and businesses. Beijing rejects the allegations and has previously said that it opposes and cracks down on all forms of cyberattacks.

In September, the US Justice Department said it had neutralized a cyber-attack network that affected 200,000 devices worldwide, alleging it was run by hackers backed by the Chinese government. In February, US authorities also said they had dismantled a network of hackers known as “Volt Typhoon.” The group was said to be targeting key public sector infrastructure like water treatment plants and transportation systems at the behest of China.

In 2023, tech giant Microsoft said Chinese-based hackers seeking intelligence information breached the email accounts of a number of US government agencies. The group, Storm-0558, had breached email accounts at approximately 25 organizations and government agencies. Accounts belonging to the State Department and Commerce Secretary Gina Raimondo were among those hacked in that breach.

© 2024 AFP

Tags: Chinacybersecuritynational security
Share43Tweet27Share7Pin10Send
Previous Post

No Santa rally for stocks as equities slide

Next Post

Venezuela fines TikTok $10 million over viral challenge deaths

Andrew Murphy

Andrew Murphy

Related Posts

Business

Amazon agrees to tackle fake reviews in UK: regulator

June 6, 2025
Business

Executive bonuses banned at six UK water companies over pollution

June 5, 2025
Business

Restaurants strike on popular Greek tourist island over beach clampdown

June 5, 2025
Business

Dr Martens seeks more stability after new profit slide

June 5, 2025
Business

TotalEnergies on trial in landmark greenwashing case in France

June 5, 2025
Business

Czechs sign nuclear deal with S.Korea firm KHNP: PM

June 4, 2025
Next Post

Venezuela fines TikTok $10 million over viral challenge deaths

Asian stocks dip as Santa snubs Wall Street

Xi says China must apply 'more proactive' macroeconomic policies in 2025

European stock markets end year with gains

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Nvidia marks Paris tech fair with Europe AI push

June 11, 2025

Huawei founder says chips still lag ‘one generation’ behind US

June 11, 2025

Paris tech fair opens with AI and trade war in the spotlight

June 11, 2025

Nintendo’s Switch 2 scores record early sales

June 11, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.