UK Treasury Chief Says London the ‘Natural Home’ for Chinese Finance
(AFP) – British Treasurer Rachel Reeves said Saturday that London is a “natural home” for Chinese finance during a visit to Beijing in the shadow of turmoil in her home country's bond market. Reeves, whose official title is Chancellor of the Exchequer, will be the most senior British government official to visit China since then […]
Congress Demands Answers from Treasury After Chinese Hacker Attack
Sen. Tim Scott (R-S.C.), ranking member of the Senate Banking, Housing, and Urban Affairs Committee, and Rep. French Hill (R-Ark.), vice chairman of the House Financial Services Committee, met on Thursday. I wrote demanded from Treasury Secretary Janet Yellen details of a cyberattack on the Treasury Department's computer systems by hackers with ties to the […]
CISA says 'no indication' other agencies impacted by Treasury hack
The Cybersecurity and Infrastructure Security Agency (CISA) said Monday there is “no indication” that other federal agencies were affected by the recent breach at the Treasury Department. The Treasury Department revealed last week that Chinese government-backed actors hacked into Treasury Department workstations in early December and accessed unclassified documents. The agency said in a letter […]
Trump announces new treasury and ambassador nominees
President-elect Trump announced several appointments to the Treasury Department and the selection of ambassadors to two European countries. In multiple Thursday social posts, President Trump outlined who will be working with Treasury Secretary Scott Bessent and the selection of ambassadors to Spain and the Netherlands. President Trump has nominated Ken Keyes to be his undersecretary […]
Trump taps team to work with US Treasury nominee Scott Bessent
President-elect Trump announced several administration changes Thursday, including a team that will work with incoming Treasury Secretary Scott Bessent. President Trump announced in a post on Truth Social that Ken Keyes will become assistant secretary for tax policy. Mr. Keith has been a tax attorney for 47 years and has served as Chief of Staff […]
Top Republican demands ‘costs’ for China after it hacked Treasury Dept in year marked by CCP espionage
The Biden administration announced Monday that China was behind a “massive” hack of the Treasury Department, gaining access to classified documents and government employees' workstations. After a year plagued by hacks across all government agencies, Chinese experts say it's time to get serious about thwarting hostile espionage. “The recent intrusions are not surprising. For too […]
Chinese state-sponsored hackers compromise Treasury Department computers in ‘major’ incident
Treasury officials admitted to lawmakers on Monday that state-sponsored Chinese hackers had breached computers and stolen documents in what they called a “major incident,” according to reports. Reuters. Treasury officials said in a letter to lawmakers that the hackers “gained access to keys used by the organization.” [a third-party] The vendor secures cloud-based services used […]
Chinese hackers breached Treasury Department, agency says
Officials sponsored by the Chinese government hacked into the Treasury Department in early December and accessed unclassified documents from its workstations, the department said in a letter to lawmakers on Monday. The hackers stole keys from BeyondTrust, a third-party software service provider, and used them to disable security and gain access to Treasury workstations, according […]
Chinese hackers infiltrate US Treasury in major cyberattack, officials tell Congress
Chinese government-backed attackers broke into U.S. Treasury Department workstations and accessed “unclassified” documents via a cloud services intrusion earlier this month, officials told a key Senate committee. . The cyber intruder targeted the third-party security system BeyondTrust and reported the breach to the Treasury Department on December 8, prompting the department to take the compromised […]
US may hit new debt limit by mid-January, Treasury Secretary Janet Yellen warns Congress
Treasury Secretary Janet Yellen warned Congress on Friday that “extraordinary measures” will be needed to prevent the U.S. from defaulting on its debt if the debt ceiling is not raised or suspended by mid-January. In a letter to House and Senate leaders, Yellen said the national debt ceiling – the amount the federal government is […]