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China hacked US Treasury’s CFIUS, which reviews foreign investments for national security risks

January 10, 2025 | by AI

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Unraveling the Recent Cyber Breach at the U.S. Treasury: What You Need to Know

In a significant cybersecurity incident, Chinese hackers have reportedly infiltrated a critical office within the U.S. Treasury. This breach targeted the Committee on Foreign Investment in the United States (CFIUS), a key body responsible for evaluating foreign investments that could potentially compromise U.S. national security. According to CNN, citing informed U.S. officials, it’s clear this cyber assault poses serious concerns.

The Treasury Department recently confirmed to TechCrunch that they are thoroughly investigating what they describe as a “major cybersecurity incident.” The entry point? A stolen key from BeyondTrust, one of their security vendors, which allowed unauthorized access to employee workstations and documents on the department’s unclassified network.

  • Targeted office: Committee on Foreign Investment in the United States (CFIUS)
  • Breach method: Stolen BeyondTrust key
  • Additional office breached: Office of Foreign Assets Control (OFAC)

“There is currently no evidence suggesting other U.S. government departments were compromised,” stated CISA in their latest briefing.

{CISA}

The hacking group responsible for this attack is known as Silk Typhoon, formerly referred to as “Hafnium.” This China-backed group has been notoriously active, conducting widespread operations aimed at information theft. Notably, Bloomberg highlights this incident as part of a broader pattern of cyberattacks attributed to the “Typhoon” family of hackers.

These breaches not only target private communications of U.S. government officials but also involve deploying destructive malware in critical infrastructure, potentially setting the stage for future conflicts. Despite these serious allegations, the Chinese government continues to deny any involvement.

This event underscores the growing need for enhanced cybersecurity measures across critical government departments. Stay informed and vigilant as more details emerge about this sophisticated cyberattack.

Image Credit: Photo By: Kaboompics.com on Pexels

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