Tag Archives: Treasury

Biden Extends 2015 Executive Order to Address Malicious Cyber Activities

White House

President Biden has moved to extend a 2015 executive order that declared a national emergency to deal with the threat posed by “significant malicious cyber-enabled activities” by persons located outside the U.S. Executive Order 13694 signed during the Obama administration will continue in effect past April 1st.

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CISA, Treasury, FBI Issue Advisory on North Korea’s Cryptocurrency Malware ‘AppleJeus’

Cyber Hacks

The Cybersecurity and Infrastructure Security Agency (CISA), Department of the Treasury (DOT) and the FBI have released a joint advisory about the AppleJeus malware and other indicators of compromise that North Korea-backed threat actors use to perform cryptocurrency theft. The joint advisory released Wednesday provides technical details about seven versions of AppleJeus malware that Hidden Cobra actors have been using since 2018. 

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Investigators Say 30% of Victims of Alleged Russian Hack Do Not Run SolarWinds Software; Acting CISA Director Brandon Wales Quoted

Cyber Hacks

The Cybersecurity and Infrastructure Security Agency (CISA) and corporate investigators said they believe the operation of cyber attackers allegedly linked to Russia extended far beyond compromising SolarWinds’ Orion software and found that about 30 percent of victims in the private and government sectors were not using the software, The Wall Street Journal reported Friday.

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Janet Yellen Confirmed as Treasury Secretary

Janet Yellen

The Senate voted 84-15 Monday to confirm Janet Yellen, former chair of the Federal Reserve, as secretary of the Department of the Treasury (USDT). Yellen’s confirmation made her the first woman to hold the top post at the Treasury. She is a labor economist who also served as vice chair of the Federal Reserve and chair of the Council of Economic Advisers during the Clinton administration. 

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GAO: DoD Should Determine How to Communicate Critical Tech List to Other Agencies

Pentagon

The Government Accountability Office (GAO) has recommended that the Department of Defense (DoD) determine ways to communicate its list of critical technologies, acquisition programs and manufacturing capabilities within DoD and to other agencies, come up with metrics to evaluate protection efforts and designate an organization to oversee future protection measures.

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Mike Pompeo: Investment Ban to Cover ETFs, Index Funds, Subsidiaries of Firms Linked to Chinese Military

Mike Pompeo

State Secretary Mike Pompeo has announced that the Department of the Treasury (DoT) will prohibit U.S. companies and individuals from investing in index funds, exchange traded funds and subsidiaries of Chinese companies with ties to the Chinese military. Pompeo said in a statement published Monday the move is in compliance with an executive order signed in November 2020. 

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Report: Russia-Linked Hackers Suspected of Compromising Commerce, Treasury Email Systems

FortiOS Vulnerabilities

The White House acknowledged that hackers believed to have ties to a Russian intelligence agency breached email systems used by federal agencies. Reports of the cyber attack came days after the National Security Agency (NSA) released an advisory that Russian state-sponsored cyber actors were exploiting a vulnerability in a platform widely used in the government.

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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.

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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.

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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.

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