• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

US identifies ninth telecom firm impacted by Chinese cyberattacks

by December 27, 2024
written by December 27, 2024

Investing.com — A ninth US telecommunications company has been identified as a victim of a broad Chinese espionage effort, according to a White House official on Friday. The official also revealed that further measures are being planned to counteract cyberattacks originating from Beijing.

The Biden administration continues to uncover the extent of the so-called Salt Typhoon breach, which has been attributed to China. The blame is being placed on companies that were slow to detect the cyberattack. Anne Neuberger, the deputy national security advisor for cyber and emerging technologies, criticized these companies for neglecting basic cybersecurity measures.

“China is targeting critical infrastructure in the United States. Those are private sector companies, and we still see companies not doing the basics,” Neuberger stated on Friday. She added that the US is looking to “lock down this infrastructure” and hold China accountable for these cyberattacks.

Earlier this month, the Commerce Department proceeded with a ban on China Telecom (NYSE:CHA). Neuberger confirmed that similar actions against other entities will be announced within the next month. One of the nine breached telecoms had an administrator account with access to over 100,000 routers. When this account was compromised by the Chinese, they gained broad access across the network.

The exact number of Americans targeted by these breaches remains uncertain, according to Neuberger. A significant number of individuals in the Washington, DC, and Virginia area were affected, but fewer than 100 individuals’ phone calls and texts were hacked.

The Federal Communications Commission is set to vote on a rule in mid-January aimed at bolstering the protection of America’s critical infrastructure. The General Services Administration is also reviewing government contracts to enforce better cybersecurity practices.

Neuberger also highlighted a worrying surge in health-related hacks that exposed Americans’ health-care information, making them susceptible to blackmail. The Department of Health and Human Services is expected to propose new rules to safeguard medical data in response to this threat.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Vor BioPharma stocks surge 33% after private placement
next post
Paraguay central bank targets 3.5% inflation rate by mid-2026

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • German air-taxi maker Lilium hires KPMG to explore M&A options
    • Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.63%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy