China’s denial of involvement in the US Treasury breach is notable amid ongoing state-sponsored CYBER threats. This incident heightened worries about security vulnerabilities within government systems, exacerbating international tensions and challenging diplomatic relations.
BeyondTrust informed the Treasury about unauthorized access impacting unclassified documents. U.S. Authorities, alongside cybersecurity agencies, are investigating the breach, emphasizing the urgency of improving security measures to protect sensitive data.
Cybercrime surged in 2024, with over 2.3 billion USD stolen in cryptocurrency hacks, marking a 40% increase compared to 2023. These alarming trends stress the need for robust security protocols to safeguard digital assets in the crypto industry.