The Secret Service recently disclosed that hackers linked to the Chinese Communist Party stole at least $20 million in coronavirus relief benefits.
While it is known that theft of state unemployment funds related to the Chinese coronavirus was committed, this is the first time the U.S. government has publicly acknowledged that thievery was also committed by foreign, state-sponsored cybercriminals, according to aThe Secret Service said that Small Business Administration loans and unemployment insurance funds experienced theft of taxpayer funds in over a dozen states.
The foreign hacking group is considered a “Chinese state-sponsored, cyber threat group that is highly adept at conducting espionage missions and financial crimes for personal gain,” the Secret Service said in a statement. “The United States is target number one, because we are competitor number one,” Ambassador Nathaniel Fick, head of the State Department’s Bureau of Cyberspace and Digital Policy, told NBC News.
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