US sanctions Chinese firm, hacker behind telecom and Treasury hacks

US sanctions Chinese firm, hacker behind telecom and Treasury hacks
Summary: The U.S. Department of the Treasury has sanctioned Yin Kecheng, a Shanghai-based hacker linked to a recent breach of the Treasury’s network, and the Chinese cybersecurity firm Sichuan Juxinhe Network Technology Co. Both are associated with the Salt Typhoon threat group, which has been involved in espionage against U.S. telecommunications and internet service providers. The sanctions block all U.S. assets and prohibit transactions with these entities.

Threat Actor: Yin Kecheng | Yin Kecheng
Victim: U.S. Department of the Treasury | U.S. Department of the Treasury

Keypoints :

  • Yin Kecheng has been identified as a cyber actor affiliated with the Chinese Ministry of State Security.
  • Sichuan Juxinhe Network Technology Co. is believed to have directly participated in exploiting vulnerabilities in U.S. telecommunications.
  • The sanctions prevent U.S. entities from engaging with the sanctioned individuals and firms without explicit authorization from OFAC.

Source: https://www.bleepingcomputer.com/news/security/us-sanctions-chinese-firm-hacker-behind-telecom-and-treasury-hacks/