Treasury Throws the Book at Shanghai Hacker: Yin Kecheng’s Day of Reckoning!
The Department of the Treasury’s Office of Foreign Assets Control is sanctioning Yin Kecheng, a Shanghai-based cyber actor, and Sichuan Juxinhe Network Technology for their roles in cyber breaches. These actions are part of ongoing efforts to tackle malicious cyber activity by the People’s Republic of China and its affiliates.
Hot Take:
Looks like the Treasury Department is doing its best to give cybercriminals a “run for their money”—literally! With sanctions flying like confetti at a parade, it seems China’s cyber actors might want to rethink their career choices. Maybe knitting? It’s hard to hack when your hands are busy with yarn.
Key Points:
- The Treasury’s OFAC has sanctioned Yin Kecheng, a cyber actor from Shanghai, for compromising the Treasury’s network.
- Sichuan Juxinhe Network Technology, linked to the Salt Typhoon group, is also sanctioned for targeting US telecoms and ISPs.
- This move is part of a broader effort to counter cyber threats from the People’s Republic of China (PRC).
- The US is offering a $10 million reward for tips on cyber activities targeting US infrastructure.
- Previous sanctions have targeted other PRC-backed groups like Integrity Technology Group and Sichuan Silence Information Technology.
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