Treasury
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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.
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.
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US levies more sanctions on members of global spyware vendor nexus
The measures add to ongoing sanctions intended to curb the deployment of abusive spyware technologies, often financed by private entities.
Treasury looks to help the financial sector move to the cloud
Among the potential risks: market concentration among cloud service providers.
US sanctions 12 Kaspersky leaders following product ban
The sanctions notably do not target company CEO Eugene Kaspersky.
States get streamlined access to Treasury’s Do Not Pay system for unemployment
The move comes as federal agencies have worked with states to combat the rise in jobless aid fraud following the pandemic.
Some banks moving too slow to address AI-powered cyberthreats, Treasury says
The agency’s findings will be distributed to Capitol Hill with the hope of drumming up legislation or other initiatives to study the risks.
US accuses Chinese hackers of 14-year campaign targeting government officials
The coordinated charges include sanctions on Chinese government-affiliated hackers and an up to $10 million reward for information about the defendants.
US sanctions Kremlin-backed firms for operating network of fake news sites
The disinformation campaign was deployed in Fall 2022, and shows how Russia’s private sector easily works with the government on disinformation operations.
Using AI to fight fraud is paying off, Treasury says
The tech has helped recover over $375 million since Treasury began using it over a year ago.
