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Category: Treasury Department

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US indicts 12 Chinese nationals for vast espionage attack spree

The Justice Department on Wednesday indicted 12 Chinese nationals for their alleged involvement in an extensive nation-state-backed espionage campaign that included a spree of attacks on U.S. federal and state agencies, including the late 2024 attack targeting the Treasury Department.  Officials accused the Chinese individuals, including two officers of China’s Ministry of Public Security, eight…

House Dems say DOGE is leaving publicly exposed entry points into government systems

Democrats on the House Oversight Committee say the Department of Government Efficiency (DOGE) is jeopardizing cybersecurity by publicly exposing entry points into U.S. government systems, and told the Trump administration it needs to provide information on department officials’ access. “Decades of efforts by both Republican and Democratic administrations, along with bipartisan collaboration in Congress, have…

Trump 2.0 Brings Cuts to Cyber, Consumer Protections

One month into his second term, President Trump’s actions to shrink the government through mass layoffs, firings and withholding funds allocated by Congress have thrown federal cybersecurity and consumer protection programs into disarray. At the same time, agencies are battling an ongoing effort by the world’s richest man to wrest control over their networks and…

U.S. sanctions bulletproof hosting provider for supplying LockBit infrastructure

A consortium of U.S., Australian and U.K. officials announced coordinated sanctions Tuesday against Zservers, a Russia-based bulletproof hosting provider. The action targets the company for its role in facilitating ransomware attacks, most notably those conducted by the LockBit ransomware-as-a-service (RaaS) group. Officials detailed that Zservers has long been linked to cybercriminal forums, where it has…

Lawmakers fear Elon Musk, DOGE not adhering to privacy rules

Congress is getting vocal about the privacy and security implications of Elon Musk and his cohorts at the Department of Government Efficiency accessing federal systems. Democrats on the House Homeland Security Committee said Wednesday DOGE must comply with security and privacy laws as they obtain access to federal systems, something the lawmakers say they don’t…

Cybersecurity, government experts are aghast at security failures in DOGE takeover

As the world’s richest man and his team from the Department of Government Efficiency continue their quest to dismantle federal agencies, cybersecurity experts, good government experts and Democrats are increasingly expressing outrage and alarm, in some cases likening the actions to an ongoing data breach. Elon Musk and employees from DOGE — which is, legally,…

Treasury sanctions Chinese cybersecurity company, affiliate for Salt Typhoon hacks 

The Department of the Treasury has sanctioned a Chinese national and a cybersecurity company based in Sichuan, China, for taking part in the Salt Typhoon hacking campaign that has swept up data from at least nine U.S. telecommunications companies. The department’s Office of Foreign Assets Control (OFAC) named Yin Kecheng of Shanghai and the Sichuan…

Treasury sanctions North Korea over remote IT worker schemes

The U.S. Treasury Department announced sanctions Thursday against two individuals and four entities allegedly involved in generating revenue for North Korea through illicit remote IT workforce operations, the latest salvo in ongoing efforts to disrupt financial streams that support Pyongyang’s weapons programs. The sanctions focus on efforts in which North Korea sent thousands of skilled…

A CISA secure-by-design guru makes the case for the future of the initiative

One of the chief architects of the Cybersecurity and Infrastructure Security Agency campaign to get software developers to design their products with security in mind said he believes it could be one of the best tools the Trump administration has to counter China. Jack Cable, who is departing his role as senior technical adviser Thursday,…

U.S. sanctions take aim at Chinese company said to aid hackers’ massive botnet

The U.S. government on Friday sanctioned a Chinese company that Western nations had connected to a Beijing-sponsored hacking group’s botnet, which had compromised hundreds of thousands of devices before a joint takedown operation last year. Flax Typhoon hackers made use of infrastructure at Integrity Technology Group to exploit victims, according to the Treasury Department’s Office…

Treasury workstations hacked by China-linked threat actors

The Department of Treasury was notified earlier this month that several of its workstations were hacked by a group believed to be linked to China, the department confirmed to CyberScoop. According to a letter sent Monday to leaders on the Senate Committee on Banking, Housing and Urban Affairs and obtained by CyberScoop, the compromises occurred…

Notorious Nigerian cybercriminal tied to BEC scams extradited to U.S.

Abiola Kayode, a 37-year-old Nigerian national, has been extradited from Ghana to the United States to face charges of conspiracy to commit wire fraud.  Kayode, who was on the FBI’s Most Wanted cybercriminal list, is charged with participating in a business email compromise (BEC) scheme and romance fraud from January 2015 to September 2016, defrauding…

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