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From Fox News: China was behind a “major” hack of the Treasury Department, the Biden administration said Monday, gaining access to unclassified documents and the workstations of government employees.
After a year fraught with hacking across all government agencies, China experts say it’s time to get serious about thwarting adversarial espionage.
“The latest intrusion should not come as a surprise. For too long, the CCP has paid no real price for its increasingly aggressive intrusions into our homeland and networks,” Rep. John Moolenaar, R-Mich., chairman of the House China Select Committee, told Fox News Digital.
“It is time for Congress and the incoming Trump administration to impose escalating costs to deter the CCP.”
It’s not yet clear what exactly the hackers were seeking. The Treasury houses sensitive data about global financial systems, as well as estimates about China’s ailing economy. It also carries out sanctions on Chinese companies, as well as those aiding Russia in the war on Ukraine.
“Did China want its Treasury Department hack to be discovered in order to undermine the reputation of the dollar and U.S. financial markets?” asked China expert Gordon Chang.
Did China want its Treasury Department hack to be discovered in order to undermine the reputation of the dollar and U.S. financial markets? https://t.co/SJaOoJfFWs
— Gordon G. Chang (@GordonGChang) December 31, 2024
Top Republican demands ‘costs’ for China after it hacked Treasury Dept in year marked by CCP espionage https://t.co/Gm6pIpB8WK
— Fox News (@FoxNews) December 31, 2024
BREAKING: U.S. Treasury says Chinese hackers stole documents in ‘major incident’
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