US Treasury sanctions Chinese cybersecurity firm and hacker behind US network breaches

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US Treasury sanctions Chinese cybersecurity firm and hacker behind US network breaches

^{Published on 2025-01-20 04:42:28 - cybernews}

OFAC sanctioned Sichuan Juxinhe Network Technology Co., a Chinese cybersecurity company, and Yin Kecheng, a Shanghai-based cyber actor.

The U.S. Treasury Department has imposed sanctions on the Chinese cybersecurity firm I-Soon, also known as Anxun, for its alleged involvement in cyber espionage activities targeting various sectors including government, healthcare, and critical infrastructure. The sanctions were announced following a significant data leak that exposed I-Soon's operations, revealing how the company was involved in hacking campaigns against entities in the U.S., Taiwan, India, and other countries. This action is part of broader efforts by the U.S. to counteract cyber threats from state-sponsored actors, highlighting the geopolitical tensions between the U.S. and China over cybersecurity issues. The Treasury's move aims to disrupt the financial operations of I-Soon, thereby limiting its capacity to conduct further cyberattacks.

Read the Full cybernews Article at:
[ https://cybernews.com/security/us-treasury-sanctions-chinese-cybersecurity-firm/ ]

N@N

US Treasury sanctions Chinese cybersecurity firm and hacker behind US network breaches