By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Chinese group has hacked critical US infrastructure, Microsoft warns
News

Chinese group has hacked critical US infrastructure, Microsoft warns

News Room
Last updated: 2023/05/24 at 5:19 PM
By News Room
Share
3 Min Read
SHARE

Microsoft has warned that a state-sponsored Chinese hacking group has compromised “critical” infrastructure in the US in order to disrupt communications between the country and Asia in the event of a crisis.

In a rare announcement about a systems breach, the US technology group said the hackers, codenamed “Volt Typhoon”, have operated since mid-2021. They have been able to infiltrate organisations across industries by exploiting vulnerabilities in a popular cyber security platform called FortiGuard, Microsoft said.

“In this campaign, the affected organisations span the communications, manufacturing, utility, transportation, construction, maritime, government, information technology, and education sectors,” Microsoft said. It added that the hacking group’s actions had focused on gathering intelligence and espionage, rather than causing immediate disruption.

It added: “Microsoft assesses with moderate confidence that this Volt Typhoon campaign is pursuing development of capabilities that could disrupt critical communications infrastructure between the United States and Asia region during future crises.”

Microsoft said it had notified targeted or compromised customers and urged them to close or secure their accounts.

The US and international cyber security authorities issued a joint advisory notice about Volt Typhoon on Wednesday that also warned of Chinese state-sponsored cyber threats.

Rob Joyce, cyber security director of the US National Security Agency, said: “A PRC state-sponsored actor is living off the land, using built-in network tools to evade our defences and leaving no trace behind. That makes it imperative for us to work together to find and remove the actor from our critical networks.”

“Living off the land” refers to cyber attacks that use legitimate tools already installed in a person’s devices to carry out a hack, making it far more difficult to detect than traditional malware attacks that typically require a victim to download files.

John Hultquist, chief analyst at Mandiant Intelligence — a cyber defence service owned by Google — said the Volt Typhoon hack was “aggressive and potentially dangerous”.

“Chinese cyberthreat actors are unique among their peers in that they have not regularly resorted to destructive and disruptive cyber attacks. As a result, their capability is quite opaque. This disclosure is a rare opportunity to investigate and prepare for this threat,” he said.

Read the full article here

News Room May 24, 2023 May 24, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Bond vigilantes give retail banks an unlikely leg-up

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Rise in loans to US non-bank financial groups raises systemic risk fears

Stay informed with free updatesSimply sign up to the US banks myFT…

Stricter US border controls prompt business travel rethink

When Alexander, an Asian research scientist at a top US university, was…

EU agrees to launch €150bn loans-for-arms scheme

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

UK and EU agree post-Brexit reset after ‘breakthrough’ in talks

The UK and EU have agreed a historic post-Brexit reset of relations…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Bond vigilantes give retail banks an unlikely leg-up

By News Room
News

Rise in loans to US non-bank financial groups raises systemic risk fears

By News Room
News

Stricter US border controls prompt business travel rethink

By News Room
News

EU agrees to launch €150bn loans-for-arms scheme

By News Room
News

UK and EU agree post-Brexit reset after ‘breakthrough’ in talks

By News Room
News

US Treasury yields reach 5% over fiscal concerns

By News Room
News

Private capital: growth opportunity or minefield?

By News Room
News

Germany drops opposition to nuclear power in rapprochement with France

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?