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The US Treasury Department notified lawmakers on Monday that a China state-sponsored actor infiltrated Treasury workstations in what officials are describing as a “major incident.”
The department contacted the Cybersecurity and Infrastructure Security Agency [15] and the Federal Bureau of Investigation, among other intelligence agencies and third-party investigators. [2] The service was taken offline and the hacker's access to department information is believed to have been removed.
The US Treasury has been hacked by suspected Chinese actors that accessed government workstations and unclassified documents, officials said. The department made the revelation on Monday after ...
The Treasury Department credited AI with helping officials prevent and recover more than $4 billion worth of fraud overall in fiscal 2024, a six-fold spike from the year before.
Tornado Cash was created in 2019, and was alleged by the U.S. Department of the Treasury to have been "used to launder more than $96 million of malicious cyber actors’ funds derived from the June 24, 2022 Harmony Bridge Heist". [5]
Internal Revenue Service, Criminal Investigation (IRS-CI) is the United States federal law enforcement agency responsible for investigating potential criminal violations of the U.S. Internal Revenue Code and related financial crimes, such as money laundering, currency transaction violations, tax-related identity theft fraud and terrorist financing that adversely affect tax administration.
According to their press release, this is in response to its usage by a DPRK hacking group in processing $20.5 million in stolen currency. [54] The group became a priority after the DPRK Cyber Threat Advisory document was released by the United States Departments of Homeland Security, the Treasury, the State and the Federal Bureau of Investigation.
Already, check fraud in the U.S. has surged by 385% since the pandemic, according to Treasury. Check fraud, whether involving government or privately issued funds, continues to proliferate, with ...