financetom
Business
financetom
/
Business
/
US Treasury Dept sanctions Chinese company over Salt Typhoon hack
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Treasury Dept sanctions Chinese company over Salt Typhoon hack
Jan 17, 2025 7:57 AM

WASHINGTON (Reuters) - The U.S. Treasury department on Friday sanctioned Singaporean Yin Kechen and cybersecurity company Sichuan Juxinhe Network Technology Co., accusing both of being involved in a series of hacks against American telecom companies.

The intrusions, known under the name "Salt Typhoon," have allegedly exposed a huge swathe of Americans' call logs to Chinese spies and rattled the U.S. intelligence community. In some cases, the hackers are alleged to have intercepted conversations, including between prominent U.S. politicians and government officials. Some lawmakers have described them as the worst telecom hack in America's history.

In a statement, the Treasury described Sichuan Juxinhe Network Technology Co. as a hacking company with "strong ties" to China's Ministry of State Security (MSS), an intelligence agency. It said that Yin Kechen had worked as a hacker for over a decade and also had ties to the MSS. It further alleged that he was tied to the recent breach at the U.S. Treasury.

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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved