Treasury disclosed hack earlier this week, with Washington Post reporting targets were Office of Foreign Assets Control and Office of Financial Research

Summary

Chinese government hackers targeted the US Treasury offices overseeing economic sanctions, including the Office of Foreign Assets Control and the Office of Financial Research, via a breach disclosed earlier this week.

Hackers accessed unclassified documents by compromising third-party cybersecurity provider BeyondTrust. Officials suggest China sought information on entities potentially facing US sanctions.

Beijing denied the allegations, calling them baseless. This incident follows other cyberattacks, including breaches of major US telecom firms.

The hack underscores US-China tensions, with sanctions remaining a key US foreign policy tool against Beijing.

  • john89@lemmy.caEnglish
    42·
    4 days ago

    by compromising third-party cybersecurity provider BeyondTrust.

    We shouldn’t be relying on a business whose sole purpose is to maximize profit to provide cybersecurity for our public institutions.

    We need to raise taxes on the ruling class to have public employees developing software for public institutions.

    And of course, public money should only be spent on GPL software. Public funds, public code.