Lawmakers Demand Answers on Treasury Cyberattack

Republican lawmakers are pressing the Biden administration for details on a significant cyber breach of the Treasury Department, which they believe was executed by a Chinese state-sponsored group. Senator Tim Scott and Rep. French Hill have called for a briefing from Treasury Secretary Janet Yellen by January 10, emphasizing the need to protect sensitive federal information from foreign adversaries. The Treasury Department confirmed the breach occurred via a third-party software provider, BeyondTrust, and stated that it was first notified on December 8. President-elect Donald Trump's team has vowed to hold China accountable for cyberattacks, with plans to impose costs on both private and state-sponsored actors involved in data theft. Despite China's denials of any wrongdoing, experts argue that the hack raises serious concerns about U.S. cybersecurity and could undermine global confidence in American financial stability. The situation underscores the ongoing challenges the U.S. faces in addressing increasing espionage activities by the Chinese Communist Party.