Treasury
Treasury sanctions Russian firm said to have stolen and sold US cyber tools
The sanctions coincide with an FBI investigation into Peter Williams, a former employee of U.S. defense contractor L3Harris who pleaded guilty to selling cyber exploits to a Russian entity.
New Treasury initiative targets improved cyber risk management for AI tools
The department says it plans to release deliverables from a public-private working group in phases throughout the rest of February.
Bill to improve government’s anti-fraud checks heads to Trump’s desk
House lawmakers passed a bipartisan proposal on Monday to give the Treasury Department’s Do Not Pay system permanent access to death records at the Social Security Administration.
Want an AI job at Treasury? Write a 10-page analysis of ‘Great Gatsby’
While the application requirement may actually be a test on using artificial intelligence tools, an AI expert said that the skills being measured are not relevant to the job listed.
IRS announces the phased end of paper check refunds
The Trump White House set a Sept. 30 deadline for the Treasury Department to stop cutting paper checks, although the IRS said it will still be issuing a “limited number” of checks where there is no alternative option.
Treasury, GSA partner to reward feds who ID wasteful contract spending
Parts of the program could eventually expand beyond the Treasury Department.
Social Security signals potential benefit disruptions this fall for those still getting paper checks
Over half a million people still get their Social Security benefits via paper checks. They’ll need a waiver by the end of September to continue to do so, SSA says.
Treasury’s acting CIO to depart
The change leaves the Treasury Department’s tech leadership bench practically empty.
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Treasury eliminates offices and outsources work, with more layoffs coming
Initial cuts were focused on employees who provide U.S. Treasury bond-related retail services to investors.
Treasury regulatory office reports ‘major information security incident’
The disclosed breach into the Office of the Comptroller of the Currency comes just months after another incident involving Chinese hacks into Treasury Department offices.
Unions sue Treasury over DOGE access to payment systems
Anonymous plaintiffs also called for a temporary restraining order Tuesday to prevent OPM from using a newly installed email system to mass-message federal employees.
US sanctions Chinese firm behind sweeping Salt Typhoon telecom hacks
The Treasury Department also sanctioned an individual involved in recent Chinese hacks into its own systems.
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Trump’s Treasury pick pledges to keep IRS Direct File open this tax season
Scott Bessent, Trump’s pick for Treasury Secretary, said that he would have to study the long-term future of the tool. Republicans on Capitol Hill, however, have panned Direct File.
US sanctions Chinese company that helped facilitate espionage hacks
Integrity Technology Group, known to researchers as Flax Typhoon, contracted with China’s Ministry of State Security to carry out infiltrations into internet of things devices, the FBI previously said.
Lawmakers request briefing from Treasury secretary on Chinese hack
The compromised third-party offering was a commercial remote services tool not listed in the marketplace for FedRAMP, the government’s cloud security compliance framework.
Chinese-sponsored hackers accessed Treasury documents in ‘major incident’
The incident comes in the final days of the Biden presidency and as officials work to root out China-tied hackers from U.S. telecommunications systems.
Republican lawmakers ask Trump to kill IRS Direct File
The new program intended to enable free, online tax filing directly with the government has garnered controversy and praise since its inception.
Cutting red tape is key to financial inclusion, Treasury says
A new Department of Treasury strategy calls on those delivering government programs to make them easier to access.
Biden admin issues restrictions on US investments into sensitive tech tied to China
The rule takes effect Jan. 2 and focuses on emerging technologies that may galvanize Chinese military advancements.
AI tools helped Treasury recover billions in fraud and improper payments
Risk screening, check fraud detection and more have helped the government recover more than $4 billion, Treasury announced.
