US Sanctions Chinese Hackers for Treasury, Telecom Breaches

The US has sanctioned Chinese state-aligned cyber actors — including Shanghai-based Yin Kecheng and Sichuan Juxinhe Network Technology — over December 2024 and November 2024 compromises that breached Department of the Treasury workstations via a third-party vendor and multiple US telecom providers (exposing call records, unencrypted messages and audio). The report outlines the sanctions, prior related designations, potential limits and impacts of sanctions, and concurrent FCC proposals to tighten telecom cybersecurity and supply chain risk management.