A ransomware attack has caused some chaos in the US Treasury market, as some transactions have had to be suspended or rerouted due to service outages and ICBC has been forced to process Wall Street trades via USB sticks.
The attribution of the Wuhan cyber attack was followed by an announcement from Chinese authorities that a "highly secretive global reconnaissance system" run by US intelligence agencies would be exposed.
A recent airport ban seems to have prompted a Weibo post by the company offering reassurances on its data security. The post reiterated that Tesla staff cannot access customer video remotely.
Any business in China with more than one million records of personal data, or those with just 10,000 records of sensitive personal data, are looking at new annual compliance audit requirements by the Cyberspace Administration of China (CAC).
With fines and penalties (such as potential shutdown of company operations) looming in November of this year, some companies are opting to bail out of China rather than even attempt to comply with the slew of new data regulations.
China’s new rules for facial recognition technology require companies to protect personal information, and to demonstrate a "specific purpose" and "sufficient necessity" when collecting biometric data of this nature.
A joint report from China’s National Computer Virus Emergency Response Centre (CVERC) and cybersecurity firm 360 accuses the US CIA of aggressively hacking China and other countries with advanced cyber weapons, including an assortment of trojans, malware, botnets and zero-days.
Describing cyber threats as one of its primary challenges, the FBI is asking for an additional $64 million in 2024 to add 192 new positions and improve its cyber capabilities. Much of the budget request focuses on the looming threat that China poses.
US intelligence leak indicates that China is putting an emphasis on targeting enemy satellites in future conflicts. The country is bending its cyber capabilities toward disrupting and taking over communications and surveillance during whatever clashes might come.
In military parlance, the phrase “when the balloon goes up” refers to the moment when hostilities with an adversary are imminent. The Chinese spy balloon that sailed over the continental United States signifies something different: a vast—and increasingly brazen—penetration of American networks and communications systems.
