Saturday, 17 May 2025
Exclusive insights, data, and analysis for financial market experts.
Explore Now
Asia Business News
  • Home
  • Business
  • Finance
  • Technology
  • Medical
  • Politics
  • Breaking News
Subscribe
  • firm
  • China
  • Tariffs
  • Startup
  • Indian
  • Healthcare
  • Trump
  • market
  • Chinese
  • South
Asia Business NewsAsia Business News
Font ResizerAa
  • Read History
  • Environment
  • Business
  • Politics
  • Finance
  • Technology
Search
  • Pages
    • Home
    • Blog Index
    • Contact Us
    • Search Page
    • 404 Page
  • Personalized
    • Read History
  • Categories
    • Business
    • Politics
    • Technology
    • Environment
    • Finance
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Business

Chinese Hackers Breached US Treasury’s Sanctions Office: Report

Asia Business News
Last updated: May 16, 2025 12:45 pm
By Asia Business News
Share
5 Min Read
SHARE

Chinese government hackers who breached the U.S. Treasury Department last month targeted the office responsible for economic sanctions, The Washington Post reported.

The hackers targeted the Office of Foreign Assets Control (OFAC), the Office of Financial Research, and the office of U.S. Treasury Secretary Janet Yellen, The newspaper reportedciting unnamed U.S. government officials.

The department revealed in a letter to lawmakers earlier this week that Hackers stole unclassified documents in ‘major incident’. It did not specify which users or departments were affected.

Also on AF: Chinese racing to buy key chip materials from U.S. suppliers

The Washington Post quoted sources as saying that the area of ​​greatest interest to the Chinese government is Chinese entities that the U.S. government may consider imposing financial sanctions on.

David Laufman, a former sanctions enforcement official, told the newspaper: “Even access to unclassified information held by OFAC could provide the Chinese government with valuable intelligence because that information could be used to sanction organizations and individuals. File a case.”

Meanwhile, the newspaper reported that Treasury Secretary Janet Yellen’s computer was not known to have been compromised, citing two unnamed U.S. officials.

The Treasury Department’s letter earlier this week said hackers breached BeyondTrust, a third-party cybersecurity service provider, which allowed them to override security protocols and gain access to some of the department’s workstations.

Beijing calls U.S. claims “unreasonable”

Chinese companies, individuals and entities are frequently targeted by U.S. sanctions, which Washington uses as a key tool of its foreign policy toward China.

The United States views China as its biggest foreign policy challenge, Yellen said last month that Washington Do not rule out imposing sanctions on Chinese banks As it seeks to reduce Russia’s oil revenues and access to foreign supplies to fuel its war in Ukraine.

Asked about the newspaper’s report, Liu Pengyu, spokesman for the Chinese Embassy in Washington, said the U.S.’s “irrational” claims had “no factual basis” and were a “smear attack” against Beijing.

The statement said China “combines all forms of cyberattacks,” but did not directly respond to the Washington Post’s report on specific targets.

The hacking of the U.S. Treasury follows reports last month that Chinese hackers had “infiltrated” at least eight U.S. telecom carriers.

One lawmaker described the breach as the “worst telecommunications hack” in U.S. history, and security agencies issued a warning to U.S. citizens and government officials Stick to encrypted communication channels Instead of regular phone calls and text messages.

Officials who spoke to The Washington Post said the Chinese government “has been gaining access to critical infrastructure systems across the country in anticipation of the day when they want to physically disrupt those networks in a potential conflict with the West.”

  • Reuters, with additional editing and input by Vishakha Saxena

Also read:

US plans to ban sales of Chinese TP-Link routers: report

US clears Chinese hackers from Pacific Computer Systems

China’s cybersecurity agency says US hackers stole technology secrets – South China Morning Post

China says US has ‘repeatedly and systematically’ attacked Huawei – South China Morning Post

Chinese hackers ‘monitoring critical U.S. services in Guam’

U.S. says China is using artificial intelligence to boost espionage – Wall Street Journal

U.S. seeks to review and amend undersea telecom cable rules

Visakha Saxena

Vishakha Saxena is Asia Finance’s multimedia and social media editor. She has been a digital journalist since 2013 and is an experienced writer and multimedia producer. As a trader and investor, she is interested in the new economy, emerging markets, and the intersection of finance and society. You can write to her: [email protected]

TAGGED:BreachedChinesehackersOfficereportsanctionsTreasurys
Share This Article
Email Copy Link Print
Previous Article Huawei’s 2 New Smartwatches Bring Advanced Wellness Monitoring And Ideal Battery Life
Next Article United States Legislators Press Location-Tracking For High Powered AI Chips

Subscribe Newsletter

Subscribe to our newsletter to get our newest articles instantly!
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
RSS FeedFollow

Top News

Business

Indian retail intelligence platform raises $12 million in Series B funding

May 16, 2025
Finance

Baidu to Deal Ernie Chatbot Free Of Charge Amidst DeepSeek Difficulty

March 19, 2025
Tech

Angkas gas up for PH competition with Grab

March 19, 2025
Medical

Many thanks to a brand-new collaboration with the area’s state college.

March 19, 2025

You May also Like

Business

Canva launches AI-powered sheets to take on Excel

April 17, 2025
Business

Intel embraces 4-day workplace job plan

April 29, 2025
Finance

Chinese Electric Vehicles Selling Well in Non-Tariff Norway

April 19, 2025
Business

Adobe buys UK-based AI video clip start-up Synthesia

April 17, 2025
Show More
  • More News:
  • firm
  • China
  • Tariffs
  • Startup
  • Indian
  • Healthcare
  • Trump
  • market
  • Chinese
  • South
  • Tech
  • Asia
  • Hospital
  • launches
  • Funding
  • India
  • Global
  • Tariff
  • series
  • President
Asia Business News

Asia Business News (ISSN: 3079-8531) is a leading international business publication dedicated to delivering in-depth analysis, expert insights, and comprehensive coverage of economic trends, corporate developments, and market dynamics across the Asia-Pacific region and beyond. With a commitment to journalistic integrity and analytical rigor, Asia Business News serves as a trusted source of information for business leaders, policymakers, and investors seeking authoritative perspectives on global commerce, finance, and industry advancements.

Rss

About Company

  • Contact Us
  • Advertise with US
  • Complaint
  • Privacy Policy
  • Cookie Policy
  • Submit a Tip

© 2025 Asia Business News (ISSN: 3079-8531). All rights reserved.

This publication, including but not limited to all articles, reports, analyses, graphics, images, designs, and any other content, is the exclusive intellectual property of Asia Business News (ISSN: 3079-8531). Unauthorized reproduction, distribution, transmission, display, or publication of any portion of this content, in any form or by any means, including but not limited to electronic, mechanical, photocopying, recording, or any information storage and retrieval system, without the prior written consent of the publisher, is strictly prohibited.

Welcome to Foxiz
Username or Email Address
Password

Lost your password?