Tag Archives: Treasury

Executive Order to Ban US Investments in Companies Backing China’s Military

White House

President Trump signed Thursday an executive order that prohibits U.S. companies and individuals from investing in Chinese companies that support the Chinese military, CNBC reported. The president has directed the secretary of the Department of the Treasury (USDT) to enforce rules and regulations to implement the provisions of the order.

Read More »

Dept. of Treasury Seeks Feedback on Planned Updates to Terrorism Insurance Program

Dept. of Treasury

The Department of the Treasury plans to update technical aspects of the Terrorism Risk Insurance Program in line with legislation aimed at addressing terrorism-related disruptions and stabilizing the private market following terrorist attacks. The Treasury said in a Federal Register document that the TRIP comes as part of efforts to comply with the TRIP Reauthorization Act of 2019.

Read More »

Treasury Orders Sanctions on Russian Research Institute Over Malware

Cybersecurity

The US Department of the Treasury (USDT) has imposed sanctions on a Russian government-controlled research institute found to be linked to the Triton malware. TsNIIKhM was also found to be surveying at least 20 U.S. electric facilities for cyber vulnerabilities in 2019. The Triton malware targets industrial safety systems at critical infrastructure facilities.

Read More »

Report: President Trump Plans to Name Basil Parker as Federal CIO, Camilo Sandoval as Federal CISO

Basil Parker

President Trump intends to appoint Basil Parker, chief of staff at the Office of Personnel Management (OPM) as the next federal chief information officer and Camilo Sandoval, former acting CIO at the Department of Veterans Affairs (VA), as federal chief information security officer. Parker would succeed two-time Wash100 Award winner Suzette Kent

Read More »

GAO: State Dept. Needs Greater Agency Involvement in Planning Cybersecurity, Emerging Tech Bureau

Emotet Malware

The Government Accountability Office (GAO) is recommending for the Department of State to involve more agencies in the development of a new bureau focused on emerging technologies and cybersecurity. The State Department informed Congress of its intent to create the Bureau of Cyberspace Security and Emerging Technologies (CSET) to better address foreign threats to the critical infrastructure and trade operations.

Read More »

Treasury Advances Financial Mgmt Shared Services Modernization; David Lebryk Quoted

David Lebryk

The Department of the Treasury is working on governmentwide standards for shared services and financial management platforms after it was designated as a quality services management office (QSMO) in June 2020. David Lebryk said one of the challenges the department needs to address as a QSMO is the integration of core financial management systems to facilitate data sharing.

Read More »

Four Agencies Issue Cyber Alert on Bank Robbery Scheme Linked to North Korea’s BeagleBoyz Group

DHS

The Cybersecurity and Infrastructure Security Agency (CISA) and three other agencies have released a joint alert about the FASTCash bank robbery campaign carried out by a group of North Korean government-linked cyber threat actors called BeagleBoyz. The alert said North Korea through the group BeagleBoyz has resumed its bank robbery scheme since February targeting financial institutions in several countries

Read More »

Seven Federal Agencies Respond to Sen. Maggie Hassan’s IT Modernization Inquiry

Sen. Maggie Hassan

Sen. Maggie Hassan (D-N.H.) asked 10 federal agencies in June about their efforts to modernize their legacy information technology systems and seven of those agencies responded. The Department of Defense (DoD), Small Business Administration (SBA) and the Social Security Administration (SSA) said they developed updated IT platforms. 

Read More »