ibt-mailDec 31, 2024, 9:56 AM

Treasury Department Targeted By China-sponsored Cyberattack: US

Newsletter Dec 31, 2024 Quick Six US Treasury Department struck by China-backed cyberattack The US Treasury Department said Monday that a China state-sponsored actor was behind a cyber breach resulting

Newsletter Dec 31, 2024

Quick Six

US Treasury Department struck by China-backed cyberattack
The US Treasury Department said Monday that a China state-sponsored actor was behind a cyber breach resulting in access to some of its workstations. The incident happened earlier this month, when the actor compromised a third-party cybersecurity service provider and was able to remotely access the Treasury's unclassified documents. Treasury contacted the US Cybersecurity and Infrastructure Security Agency (ISA) after it was alerted of the situation by its provider BeyondTrust, which has been working with law enforcement partners to ascertain the impact.
SEE WHY US OFFICIALS SUSPECT CHINESE INVOLVEMENT

US credit card defaults soar to highest levels since 2010
Credit card debt in the US experts to forecast more financial pain ahead. Industry data showed factors like inflation, dwindling pandemic savings, and elevated borrowing costs due to the Federal Reserve's interest rate that sits at 4.25-4.50% have put a strain on consumers finances and credit ratings. Lenders wrote off $46 billion in seriously delinquent loans during the first nine months of 2024, a 50% increase from the same period in 2023.
CREDIT CARD COMPANIES LOSING BILLIONS TO DEFAULTS

Venezuela fined $10 million for promoting viral challenges
Venezuela's highest court on Monday fined TikTok $10 million for promoting viral challenges that authorities say left three adolescents dead from intoxication by chemical substances. Supreme Tribunal of Justice Judge Tania D'Amelio found the popular video-sharing app negligent in failing to implement "necessary and adequate measures" to stop the spread of content encouraging the challenges that appeal to young users.
BYTEDANCE ORDERED TO OPEN AN OFFICE IN VENEZUELA

You Might Like

Markets

DJIA	42,573.73	-0.97%
S&P 500	5,906.94	-1.07%
Nasdaq Composite	19,486.78	-1.19%
Japan: Nikkei 225	39,894.54	-0.96%
UK: FTSE 100	8,121.01	-0.35%
Crude Oil Futures	71.18	0.27%
Gold Futures	2,620.30	0.08%
Yen	157.02	0.11%
Euro	1.04	-0.02%
* As of market close

Trump supports Johnson for House Speaker

President-elect Donald Trump took to social media to announce that he is endorsing Speaker of the House Mike Johnson for another term, just days ahead of the election for the job. The endorsement has clearly communicated the President-elect's support for Johnson, which was called into question after Trump and his ally Elon Musk attempted to prevent passage of a stop-gap spending bill to avoid a government shutdown. Musk took to X to post about the bill days before it was to be voted on, calling against passage and sharing what some considered to be threats against lawmakers who may have supported the bill.

CAN TRUMP HELP JOHNSON GET ENOUGH VOTES TO WIN?

Israel must pay for war on Gaza: UN experts

United Nations rights experts on Monday said Israel must face the consequences of "inflicting maximum suffering" on Palestinian civilians in Gaza, alleging Israel was defying international law and being sheltered by its allies. Israel's retaliatory military campaign for the Oct. 7 Hamas attack has killed more than 45,500 people in Gaza, a majority of them civilians. The experts cited alleged crimes against humanity committed by Israel "including murder, torture, sexual violence, and repeated forced displacement amounting to forcible transfer".

SEE WHAT THE UN IS RECOMMENDING FOR RELIEF IN GAZA

Bigfoot hunters freeze on Christmas Eve

Two men who went hunting for Bigfoot were found dead in Washington after being missing for days. Two Portland men went searching for Sasquatch, or Bigfoot, and failed to return home on Christmas Eve. The sheriff's office located their vehicle and launched a search mission. Over the next three days, more than 60 people including canine, drone and search teams, scoured the area in "harsh weather conditions," with support from US Coast Guard air assets using infrared cameras.

RESCUERS STRUCK BY THEFT DURING HOLIDAY OPERATION

Extra point

What US president claimed he had a close encounter with Sasquatch?

Monday's answer: The US caps the number of H-1B visas issued at 65,000 per year, with another 20,000 for those with advanced degrees.

In partnership with XTL US INC.

Get Versatility And Precision In Engraving With The xTool S1 Laser Cutter

"If you're starting a new business in engraving, then the xTool S1 Laser Cutter offers the best tool for professional results."

IBTimes will always protect your security and privacy. Please read our detailed Privacy Policy. Please do not reply to this email. Click here to adjust your notification preferences or unsubscribe.

IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States

You may unsubscribe or change your contact details at any time.

Latest Emails from ibt-mail

ibt-mail

Jan 16, 2025, 1:01 PM

$XRP Shakes Off SEC Ripple Appeal, Tops $3 For The First Time In 7 Years

Newsletter Jan 16, 2025 $XRP Shakes Off SEC Ripple Appeal, Tops $3 For The First Time In 7 Years $XRP has once again hit a new milestone, breaking $3 for the first time in since 2018 even as the SEC

Read full newsletter →

ibt-mail

Jan 16, 2025, 9:56 AM

Celebrations Erupt In Gaza After US Helps Broker Ceasefire

Newsletter Jan 16, 2025 Quick Six Celebrations erupt in Gaza after US helps broker ceasefire Qatar and the US announced a ceasefire and hostage-release deal between Israel and Hamas on Wednesday,

Read full newsletter →

ibt-mail

Jan 16, 2025, 5:44 AM

Outrage As LA Millionaires Pay Up To $10,000 Daily For Private Firefighters To Protect Their Homes

Newsletter Jan 16, 2025 Welcome to your January 16 newsletter... Wealthy Los Angeles residents are reportedly paying up to $10000 a day for private firefighters to protect their homes, sparking outrage

Read full newsletter →

ibt-mail

Jan 15, 2025, 12:45 PM

Bitcoin Rebounds On Report Of Trump's Day 1 Pro-Crypto Executive Order

Newsletter Jan 15, 2025 Bitcoin Rebounds On Report Of Trump's Day 1 Pro-Crypto Executive Order Bitcoin climbed above $97000 Tuesday night amid a report that Donald Trump will sign an executive

Read full newsletter →

ibt-mail

Jan 15, 2025, 9:56 AM

Ban Or Buyout? The Clock Is Ticking On TikTok In The US

Newsletter Jan 15, 2025 Quick Six Ban or buyout? The clock is ticking on TikTok ban in the US TikTok faces an imminent shutdown in the US after Congress passed a law last year forcing Chinese owner

Read full newsletter →

ibt-mail

Jan 15, 2025, 6:05 AM

UK Industries Brace For £2.5B Blow From Trump's Tariff Threats: Which Sectors Are At Risk?

Newsletter Jan 15, 2025 Welcome to your January 15 newsletter... The UK could face a £2.5 billion blow as Donald Trump's tariff threats target major industries like automotive, agriculture, and

Read full newsletter →

ibt-mail

Jan 14, 2025, 1:16 PM

The Case For Altcoin Recognition: Crypto Users Believe These Coins Are Undervalued

Newsletter Jan 14, 2025 The Case For Altcoin Recognition: Crypto Users Believe These Coins Are Undervalued In the wild world of crypto, some altcoins have made significant progress than others – at

Read full newsletter →

ibt-mail

Jan 14, 2025, 9:46 AM

Biden Pushing For Gaza Ceasefire, Hostage Deal Before Week's End

Newsletter Jan 14, 2025 Quick Six Biden pushing for Gaza deal before his administration ends A Gaza truce and hostage release deal is close and could be finalized in the final week of President Joe

Read full newsletter →

ibt-mail

Jan 14, 2025, 5:51 AM

Shark Tank's Mark Cuban Prefers Bitcoin Over Gold During a Major Economic Crisis

Newsletter Jan 14, 2025 Welcome to your January 14 newsletter... Mark Cuban, known from Shark Tank, believes Bitcoin is a better option than gold during an economic crisis. He views Bitcoin as a

Read full newsletter →

ibt-mail

Jan 13, 2025, 12:44 PM

$UFD – Crypto Whales Are Betting On This Memecoin, Creator Gets MoonPay Nod

Newsletter Jan 13, 2025 $UFD – Crypto Whales Are Betting On This Memecoin, Creator Gets MoonPay Nod Unicorn Fart Dust was created by a YouTuber who lost sponsorships since the memecoin's launch,

Read full newsletter →

ibt-mail

Jan 13, 2025, 9:37 AM

Trump Slams Handling Of LA Wildfires As Wind Fuels Flames

Newsletter Jan 13, 2025 Quick Six Trump slams handling of LA wildfires as wind fuels flames President-elect Donald J. Trump escalated his criticism of the officials managing the Los Angeles wildfires,

Read full newsletter →

ibt-mail

Jan 13, 2025, 5:45 AM

Elon Musk Posts 'DEI Means DIE' As California Burns After Officials Spent $500M On DEI Initiatives

Newsletter Jan 13, 2025 Welcome to your January 13 newsletter... Elon Musk posted "DEI means DIE" amid wildfires in California, criticizing the state's $500M investment in Diversity,

Read full newsletter →