The U.S. Treasury Department imposes sanctions on a Chinese hacker and his associated company for their alleged involvement in a cyber intrusion that compromised Treasury Department workstations. Officials believe senior government officials and prominent political figures may have been targeted.
The U.S. Treasury Department announced sanctions against a Chinese hacker and his associated company, alleging their involvement in a cyber intrusion that compromised Treasury Department workstations. The sanctions target Yin Kecheng, based in Shanghai, and Sichuan Juxinhe Network Technology Co. LTD.
Officials claim Yin is affiliated with Beijing's Ministry of State Security and was involved in the December 8th hack, which provided unauthorized access to an unspecified number of Treasury Department workstations. The U.S. believes that communications of senior government officials and prominent political figures may have been accessed. The Treasury Department stated that it will continue to utilize its authority to hold accountable malicious cyber actors who target the American public, businesses, and the U.S. government, including those who specifically target the Treasury Department. The sanctions prohibit Yin Kecheng and Sichuan Juxinhe Network Technology Co. LTD from engaging in any business transactions within the U.S. The Chinese government has consistently denied U.S. accusations of hacking, including disputing the Treasury Department hack allegations last month. The sanctions announcement does not reveal new details about the scope of the hack. The Treasury Department learned of the breach after BeyondTrust, a third-party software service provider, flagged the theft of a key used by the vendor to secure a cloud-based service providing remote technical support to employees. This key enabled hackers to override the service's security and gain remote access to several employee workstations.
CYBERSECURITY HACKING SANCTIONS CHINA TREASURY DEPARTMENT
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