Chinese government-linked hackers broke into the US Treasury Department computer systems this month stealing documents in what Treasury officials called a major incident

A China-linked breach tied to the compromise of BeyondTrust’s remote support tool has reportedly led to the breach of multiple offices within the U.S. Treasury Department.

Hackers connected to China's government successfully breached several Treasury Department workstations and accessed unclassified documents, according to a letter to Congress on Monday. Why it matters: The U.

Threat actors entered Treasury Department systems through BeyondTrust. The breach may be related to the Salt Typhoon attacks.

The "threat actor" was able to access the workstations via a compromised third-party cybersecurity service provider called BeyondTrust, the department said.

Key Takeaways CyberArk Software could benefit from a recent Chinese hack of rival BeyondTrust that affected the U.S. Treasury Department, Morgan Stanley analysts said.A shift toward CyberArk by customers after the incident would be a tailwind for the company over the next few years,

The US Treasury Department has disclosed a major cybersecurity breach, with officials pointing the finger at Chinese state-sponsored attackers.

After unclassified documents from the US Treasury Department were accessed in a hack blamed on China, many in the cybersecurity community are wondering how such breaches might intensify in the weeks and months ahead.

The attacks appear to have targeted influential individuals, aiming to gather information that could serve the interests of the Chinese government.

Hackers linked to the Chinese government have breached the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), according to officials familiar with the matter who spoke to The Washington Post.