Feds Crack Down on Pernicious Chinese Hacking Group that Targeted U.S. Gov’t, Dissidents

Hacker mugshots

The U.S. on Monday announced actions aimed at exposing a sweeping Chinese hacking campaign that has targeted U.S. government institutions, critical infrastructure, media and political dissidents for more than a decade.

Wuhan Xiaoruizhi Science and Technology Company, Limited (Wuhan XRZ), served as a front company for China’s Ministry of State Security (MSS), which deals with overseas policing and espionage, allowing Chinese hackers to hide a multitude of malicious cyber operations, the Treasury Department said after sanctioning the organization on Monday in a statement alongside other U.S. agencies and the United Kingdom. In an indictment unsealed separately, the Department of Justice accused Chinese nationals Zhao Guangzong, Ni Gaobin and five others for their role “in furtherance of [China’s] economic espionage and foreign intelligence objectives” over the past 14 years.

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Commentary: Onshoring Semiconductor Capacity Is Crucial to National Security

semiconductor

When you think about national security, you probably don’t immediately think about semiconductors. These tiny chips are the “brains” enabling all the computational capabilities and data storage that we take for granted today. Chips power virtually every sector of the economy – including data centers, automotive, healthcare, banking, and agriculture. As a consequence of their widespread use, semiconductors have grown to become a $555 billion global industry, and are the world’s fourth most traded product. Semiconductor manufacturing and advanced packaging have been cited frequently as one of the main critical supply chain priorities for the nation.

A steady source of uninterrupted, trusted chips is necessary for the security of the nation – supporting the readiness of the U.S. military and protecting critical infrastructure like the electric grid. The problem is that most chips are fabricated outside of the U.S., in the vulnerable region of Southeast Asia – hence the security issues. Around three quarters of global chip production capacity comes from Southeast Asia.

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FBI Now Warns of Missing Persons Scams on Social Media

There is a new type of cyber-enabled fraud that the Federal Bureau of Investigation is warning the public about – missing persons scams using social media. Scammers use information posted about missing persons on social media websites to target and exploit the victim’s family and friends network.

It is common for scammers to only request small amounts of money as missing persons scams tend to be a quick cash-grab. In addition to small requests, scammers tend to express some level of urgency in the payment by claiming the victim is either injured or sick.

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Chinese-Backed Hackers Are Exploiting One of the ‘Most Pervasive’ Cybersecurity Flaws

Hackers backed by China are using a recently-discovered vulnerability in a common software tool to gain access to data and systems belonging to internet infrastructure companies.

The vulnerability, known as Log4Shell, was discovered by Chinese cybersecurity researchers from Alibaba last week and is found in an open-source software tool called Log4J used by enterprise software companies and cloud infrastructure providers. If exploited, the flaw allows hackers to gain access to a company’s data and internal networks.

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Reps. Spanberger and McEachin Tout Virginia Benefits in the $1.2 Trillion Infrastructure Bill

RICHMOND, Virginia – Congressmen Abigail Spanberger (D-VA-07) and Donald McEachin (D-VA-04) touted the recently-passed $1.2 trillion Infrastructure Investment and Jobs Act, highlighting funds for Virginia’s infrastructure and the benefits the measure will bring to Virginia workers.

“Getting this legislation to President Biden’s desk and signed into law was one of my top priorities this year in Congress, because I know it’s a win for Virginia,” Spanberger said. “With the stroke of a pen we are finally addressing the needs of our roads, our bridges across the Commonwealth, the need for the expansion of broadband connectivity. We’re building out our electric vehicle network and boosting our efforts to build our resiliency against climate change. We’re making smart and long overdue investments in our electrical grid, our water infrastructure, our ports, and our rail systems. These investments will mean faster commute times, lower energy bills, safer drinking water, and faster trips throughout Virginia.”

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Few Americans Trust the Government to Keep Their Data Secure: Poll

Only a small minority of Americans say they trust the government to keep their online personal information safe, according to a new poll.

Just 23% of Americans say they are very or somewhat satisfied with the federal government’s efforts to keep their online data secure, according to the results of a poll released Thursday by the Associated Press-NORC Center for Public Affairs Research and MeriTalk. Almost 4 in 10 Americans say they are dissatisfied with the government’s efforts.

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Chinese-Owned TikTok Overtakes YouTube in US

After former President Donald J. Trump attempted to ban TikTok, a popular video streaming social network, the Chinese-owned company has overtaken Google-owned YouTube in popularity in the United States.

“App users in the UK and US are spending more time on TikTok than on YouTube, a new report suggests,” BBC reported. “Data from app monitoring firm App Annie indicates that average time per user spent on the apps is higher for TikTok, indicating high levels of engagement.”

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Hackers Steal over $600 Million in One of the Biggest Crypto-Heists Ever

Hackers stole over $600 million in digital assets Tuesday from users of cryptocurrency platform Poly Network in one of the largest digital token heists ever.

Poly Network, a decentralized finance (DeFi) platform that allows users to trade digital currencies with one another, announced the hack Tuesday. Cybersecurity firm SlowMist, which investigated the hack, said the total value of assets stolen was $610 million.

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The Colonial Pipeline Attack Could Lead to Real Change in Cybersecurity Policy

Hackers infiltrated the Colonial Pipeline’s systems, held its data hostage for a $5 million ransom, and in the process, triggered local gas shortages across the eastern U.S. In response, politicians began talking about needed reform to protect critical infrastructure. Cybersecurity experts say talk is common around such initiatives, but because of the recent attack’s impact on the everyday lives of Americans, legislators may finally be ready to make real changes.

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