91
submitted 5 days ago by MicroWave@lemmy.world to c/world@lemmy.world

Summary

Chinese government hackers targeted the US Treasury offices overseeing economic sanctions, including the Office of Foreign Assets Control and the Office of Financial Research, via a breach disclosed earlier this week.

Hackers accessed unclassified documents by compromising third-party cybersecurity provider BeyondTrust. Officials suggest China sought information on entities potentially facing US sanctions.

Beijing denied the allegations, calling them baseless. This incident follows other cyberattacks, including breaches of major US telecom firms.

The hack underscores US-China tensions, with sanctions remaining a key US foreign policy tool against Beijing.

top 4 comments
sorted by: hot top controversial new old
[-] gibmiser@lemmy.world 11 points 5 days ago

Sounds like the sanctions are at least somewhat effective then?

[-] HK65@sopuli.xyz 6 points 5 days ago

No, they are not, so please, stop them! I'm begging you! You're only hurting yourself! If you don't stop I'll nuke you! - Russia in the past months.

[-] Saleh@feddit.org 1 points 5 days ago

Effective and efficient can be different. Some sanctions could be very effective, as in they ultimately achieve the intended goal, but very inefficient as they use a lot of resources. Other sanctions might not be effective on their own, but could be very efficient, as they us very little resources on your own side.

For the latter iirc. when Trump started a trade war with the EU, the EU mostly sanctioned agricultural products from areas where Trump was particularly popular. It didn't cause that much damage to the US economy, but it was very cheap for the EU to substitute these products and caused disproportionate political damage.

[-] john89@lemmy.ca 2 points 5 days ago* (last edited 5 days ago)

by compromising third-party cybersecurity provider BeyondTrust.

We shouldn't be relying on a business whose sole purpose is to maximize profit to provide cybersecurity for our public institutions.

We need to raise taxes on the ruling class to have public employees developing software for public institutions.

And of course, public money should only be spent on GPL software. Public funds, public code.

this post was submitted on 02 Jan 2025
91 points (96.9% liked)

World News

39491 readers
2267 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS