China hacks US Treasury in significant event.

China accused of major hacking attack.

December 30th 2024.

China hacks US Treasury in significant event.
In a recent incident, Chinese hackers were able to gain access to sensitive documents belonging to the United States Treasury Department. The attack, which was described as a "major cybersecurity incident," involved the hackers remotely breaking into multiple workstations and retrieving unclassified documents. It was discovered that the hackers were able to bypass security measures put in place by a third-party software service provider.

According to a statement released by the federal agency on Monday, the hackers were able to obtain a key that was used by the vendor to secure a cloud-based service used for technical support by the Treasury Department. This allowed them to override security protocols and gain access to certain workstations and documents belonging to the Departmental Offices. It is currently unclear what type of documents were accessed by the hackers.

However, the Treasury Department has assured Congress that there is no evidence to suggest that the hackers still have access to their information. In their letter to lawmakers, they stated that the breach was discovered when the third-party provider, BeyondTrust, informed them on December 8 that a key had been stolen. The service has since been taken down and there is no indication that the hackers can still view any information.

Assistant Treasury Secretary Aditi Hardikar further reassured that the situation is being closely monitored and investigated by the FBI and the Cybersecurity and Infrastructure Security Agency. The department has attributed the attack to Chinese state-sponsored actors, although they have not disclosed any further details.

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