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US Treasury reports major cyber breach linked to Chinese state-sponsored hackers

The US Treasury Department has confirmed a major cybersecurity incident attributed to state-sponsored Chinese hackers who infiltrated a third-party system, gaining access to unclassified documents. Following the breach, the Treasury sought assistance from various federal agencies to investigate the attack, which involved the exploitation of a key used by BeyondTrust for remote support. In response, China denied involvement, calling the accusations groundless and politically motivated.
dailyhodl.com
United States Dollar CHN USA Mao Ning Aditi Hardikar
Regulatory & Legal, News Article
23:42 03.01.2025

us to impose new chip restrictions targeting china's ai development

The Biden administration is set to announce new restrictions on China's access to advanced chips, targeting around 200 Chinese firms and potentially sanctioning companies involved in semiconductor production. These measures aim to hinder China's AI development, particularly by limiting access to high-bandwidth memory (HBM) chips. Despite ongoing US sanctions, Huawei has reportedly made progress in chip development, raising concerns in Washington about China's advancements in semiconductor technology.
WIRED
United States Dollar Huawei Baidu, Inc. SMIC ByteDance NVIDIA Corporation USA CHN Mao Ning Show more
Technology & Innovation, News Article
23:50 27.11.2024
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