Peak Hours News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
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
U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.09%
next post
Squid Game season debut hits South Korean stocks

You may also like

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

January 27, 2025

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

January 27, 2025

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

January 27, 2025

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

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

BASF results down on impairments, restructuring

January 27, 2025

Adani, Ambani news units sue OpenAI over copyright,...

January 27, 2025

China’s DeepSeek sets off AI market rout

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

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

January 27, 2025

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

January 27, 2025

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

January 27, 2025

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

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

BASF results down on impairments, restructuring

January 27, 2025

Adani, Ambani news units sue OpenAI over copyright,...

January 27, 2025

China’s DeepSeek sets off AI market rout

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
Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.









    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      June 16, 2025
    • Anne Wojcicki to buy back 23andMe and its data for $305 million

      June 16, 2025
    • Trump made millions on guitars, Bibles and watches with his name on them, disclosure reveals

      June 16, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      June 15, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 15, 2025

    Categories

    • Economy (475)
    • Editor's Pick (10)
    • Investing (891)
    • Stock (798)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: peakhoursnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Back To Top
    Peak Hours News
    • Investing
    • Stock
    • Economy
    • Editor’s Pick