Latest coverage for China

New Rule Would Restrict Americans From Investing in Chinese AI, SemiconductorsThe U.S. Treasury Department is proposing a new rule that would restrict Americans from investing in technology companies developing quantum information technology, semiconductors and certain AI systems in countries the White House previously identified as posing potential national security risks.

Also: UwU Lend's Hacks, Terraform Labs' Dissolution, Gemini's SettlementThis week, CertiK researchers allegedly stole money from Kraken, UwU Lend was hacked, Terraform Labs shut down, Gemini will pay defrauded investors, three entities claimed seized FTX assets, a Chinese bank suffered embezzlement and money laundering, and the SEC's crypto head is leaving.

DHS Calls for Public-Private Collaboration on Critical Infrastructure SecurityCritical infrastructure sectors face many potentially disruptive threats such as supply chain vulnerabilities and the growing dependency on space-based systems. But the top cyberthreats facing the U.S. are the People's Republic of China and emerging risks associated with AI and quantum computing.

Also: Chinese Cyberespionage, Defiant Cleveland, and a Spanish Ransomware AttackThis week, ONNX targeted Microsoft 365, Symantec spotted Chinese espionage, AMD may have been breached, Cleveland vowed to defy hackers, Black Basta hit a Spanish firm, Pakistani hackers targeted India, Microsoft said it fixed flaws in Azure, and the U.S. and Indonesia held a cybersecurity exercise.

UNC3886 Targeted Edge Devices for Persistence, Mandiant SaysA suspected Chinese hacking group used open-source rootkits to ensure persistence on compromised edge devices such as VMware ESXi servers for espionage campaigns, Google Mandiant said. The hacking group, which Mandiant tracks as UNC3886, is likely a Chinese threat group hacking for Beijing.

Chinese Threat Actor 'Velvet Ant' Evaded Detection for Years in Victim NetworkA Chinese threat actor used state-sponsored techniques to carry out a cyberespionage campaign targeting a major organization's networks after exploiting legacy technology to gain multiple footholds across the enterprise infrastructure, researchers said in a Monday blog post.