Treasury
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.
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.
Treasury sanctions Iranian cyber officials tied to 2023 water system hacks
The hackers targeted a batch of Israeli-made programmable logic controllers used in water treatment plants around the U.S.
$212B in suspicious activity reports to FinCENin 2021 concerned identity, officials report
Industry experts tied improved federal identity efforts to better security in financial and other private sector industries.
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Biden orders greater restrictions on emerging technology transactions with China
The new executive order updating the sanctions regime between U.S. citizens and China is a “national security action,” according to an administration official.
Lawmakers Introduce Bill to Tackle Criminal and Terrorist Crypto Activities
The companion House and Senate bills will create an independent working group to address terrorism and illicit financing on digital platforms.
Treasury Seeks Automated Software Testing and Lifecycle Management Tools
The agency is looking to move away from manual testing and instead use automated testing for reusable scripts and to track tests.
IRS Taxpayer Advocate Says Congress Shortchanged IT Modernization Efforts
Lawmakers didn’t allocate the $80 billion provided to the IRS in the right way, claims National Taxpayer Advocate Erin Collins, adding that IT modernization and taxpayer services aren’t getting the money they need.
5 Foreign Nationals Tried to Ship U.S. Military Tech to Iran, Per Justice Indictments
The Departments of Justice and Treasury have taken coordinated actions against several foreign nationals for conspiracy to export sensitive military technology.
Treasury's System Tracking Federal Debt Still Needs Security Improvements, GAO Says
The watchdog found continued “information system control deficiencies,” despite Treasury’s progress on prior recommendations.
How International Acquisitions Can Become a Cybercrime Frontier
Public entities like the FBI and Department of Treasury are carefully monitoring international business transactions as potential backdoor threats to U.S. national security.
IRS Plans to Approve Use of Login-dot-gov as Tax Day Nears
The tax agency intends to add Login this filing season—and as early as next week—as the integration is in final rounds of testing.
