financetom
Business
financetom
/
Business
/
Senators say US must boost security after Chinese Salt Typhoon telecom hacking
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Senators say US must boost security after Chinese Salt Typhoon telecom hacking
Dec 11, 2024 3:01 PM

WASHINGTON (Reuters) -The United States must do more to address hacking threats after China's alleged efforts known as Salt Typhoon to infiltrate American telecommunications companies and steal data about U.S. calls, senators said at a hearing Wednesday.

"This attack likely represents the largest telecommunications hack in our nation's history," said Senator Ben Ray Lujan, a Democrat who chairs a telecom subcommittee.

"There's a lot that we still don't know about the damage that was done by the Salt Typhoon hacks, but what we do know is that more must be done to prevent attacks like this."

Republican Senator Ted Cruz said the "attack from a state-actor against our nation's infrastructure will not be the last. We must plug any vulnerabilities in communications networks."

U.S. agencies held classified briefings for the Senate and the House of Representatives over the last week about the hacking incident.

Federal Communications Commission Chairwoman Jessica Rosenworcel last week proposed requiring telecom firms to submit an annual certification attesting that they have a plan in place to protect against cyberattacks. Lujan said federal agencies' outstanding recommendations "must be fully implemented across our networks."

Republican Senator Dan Sullivan said in briefings U.S. officials focused on defense efforts to address Chinese hacking. "What about offense?" he asked. "What about deterrence?"

The White House last week said at least eight telecommunications and infrastructure firms in the United States had been impacted and a large number of Americans' metadata has been stolen in the sweeping cyber espionage campaign.

Chinese officials have previously described the allegations as disinformation and said Beijing "firmly opposes and combats cyber attacks and cyber theft in all forms."

The House is set to vote Wednesday on an annual defense bill that includes nearly $3.1 billion for U.S. telecom companies to remove equipment made by Chinese telecoms firms Huawei and ZTE from American wireless networks.

The FCC says removing the insecure equipment is estimated to cost $4.98 billion but Congress previously only approved $1.9 billion for the "rip and replace" program.

U.S. officials previously alleged hackers targeted Verizon, AT&T, Lumen and others, and stole telephone audio intercepts along with a large tranche of call record data.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Italy plans 20 billion euro tank order from Germany's Rheinmetall, reports Handelsblatt
Italy plans 20 billion euro tank order from Germany's Rheinmetall, reports Handelsblatt
Jul 3, 2024
BERLIN (Reuters) -Italy is planning to buy hundreds of tanks from Rheinmetall in what would be the German defence group's biggest ever order, valued at around 20 billion euros ($21.50 billion), the Handelsblatt business daily reported on Wednesday, citing industry sources. According to the plan, the Italian government would purchase at least 350 Lynx armoured fighting vehicles and more than...
Repay Holdings Prices $260 Million Notes Offering; Plans Debt Redemption, Share Repurchase
Repay Holdings Prices $260 Million Notes Offering; Plans Debt Redemption, Share Repurchase
Jul 3, 2024
03:33 AM EDT, 07/03/2024 (MT Newswires) -- Repay Holdings ( RPAY ) said Wednesday it priced an offering of $260 million of 2.875% convertible senior notes due 2029. The initial purchasers have been granted a 13-day option to purchase up to $27.5 million additional amount of notes. The notes will be convertible at an initial rate of about $13.02 per...
ARC Document Solutions Gets Non-Binding 'Go-Private' Offer
ARC Document Solutions Gets Non-Binding 'Go-Private' Offer
Jul 3, 2024
03:57 AM EDT, 07/03/2024 (MT Newswires) -- ARC Document Solutions ( ARC ) said late Tuesday it has received a non-binding go-private proposal from its chairman and chief executive, Kumarakulasingam Suriyakumar, at a purchase price of $3.25 per share in cash. The company has formed a special committee to evaluate the proposal filed by the investor group, it said. The...
EU governments waver over Chinese EV tariffs as trade spat escalates
EU governments waver over Chinese EV tariffs as trade spat escalates
Jul 3, 2024
BRUSSELS (Reuters) - EU countries are wavering over whether to back additional tariffs on Chinese-built electric vehicles, highlighting Brussels' challenge in building support for its largest trade case yet as Beijing threatens wide-ranging retaliation. Germany, whose carmakers made a third of their sales last year in China, wants to stop the tariffs, according to a government source, while France has...
Copyright 2023-2025 - www.financetom.com All Rights Reserved