• Ooh, Juicy! China's Cyber Shenanigans Exposed: Treasury Hack, Botnets, and More! 👀🇨🇳💻

  • Dec 31 2024
  • Length: 3 mins
  • Podcast

Ooh, Juicy! China's Cyber Shenanigans Exposed: Treasury Hack, Botnets, and More! 👀🇨🇳💻

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  • This is your Cyber Sentinel: Beijing Watch podcast.

    Hey there, I'm Ting, and welcome to Cyber Sentinel: Beijing Watch. Today, on the last day of 2024, I'm here to give you the lowdown on the latest Chinese cyber activities that have been making waves in US security circles.

    Let's dive right in. The US Treasury Department recently revealed that Chinese hackers gained access to its computers in a state-sponsored cyber attack. This breach happened earlier this month when hackers exploited third-party software to infiltrate several workstations. Now, China has denied any involvement, but let's be real, this isn't the first time we've seen this kind of thing[3].

    The attack itself is pretty interesting. The hackers used a vulnerability in privilege access management software to get in. This software is designed to prevent powerful accounts from being abused, but in this case, it did the opposite. Ryan Kalember, Chief Strategy Officer at Proofpoint, explained it nicely: "A large organization like the Treasury Department has to manage thousands of computers remotely, and that's where this software comes in. Unfortunately, a vulnerability in its design delivered access to the Treasury Department to the Chinese threat actor."

    Now, this breach is part of a larger pattern. Chinese threat actors have been going after cybersecurity products and supply chains for a long time. Compromising the Treasury directly might be challenging, but compromising one of the many cybersecurity vendors or IT vendors they use is a different story.

    But here's the thing: this isn't just about the Treasury. The FBI, Cyber National Mission Force, and National Security Agency have assessed that People's Republic of China-linked cyber actors have compromised thousands of internet-connected devices, including routers, firewalls, and IoT devices, to create a botnet. This botnet can be used for distributed denial of service attacks or to compromise targeted US networks. As of June 2024, this botnet had over 1.2 million records of compromised devices, including over 385,000 unique US victim devices[4].

    So, what does this mean for us? Well, it means we need to be vigilant. Network defenders need to follow the guidance in the mitigations section to protect against this botnet activity. And let's not forget about APT40, a state-sponsored cyber group in China that's been exploiting newly public vulnerabilities in software like Microsoft Exchange, Log4J, and Atlassian Confluence. They prefer exploiting public-facing infrastructure and place a high priority on obtaining user credentials[1].

    In conclusion, it's clear that Chinese cyber activities are a significant threat to US security. We need to stay on top of these new attack methodologies and targeted industries, and we need to work together internationally to respond to these threats. So, stay safe out there, and I'll catch you in the next episode of Cyber Sentinel: Beijing Watch.

    For more http://www.quietplease.ai


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