Lawmakers Want Clampdown on American VCs Funding Chinese Tech Companies

February 9, 2024 at 04:09PM A bipartisan congressional report revealed that several US venture capital firms invested over $3 billion in Chinese technology companies, fueling concerns about national security threats. The firms, including GGV Capital and Sequoia Capital, channeled funds into AI, semiconductor, and cybersecurity ventures with links to China’s military and surveillance activities, prompting … Read more

Yellen Says Ransomware Attack on China’s Biggest Bank Minimally Disrupted Treasury Market Trades

November 13, 2023 at 06:03AM U.S. Treasury Secretary Janet Yellen stated that the recent ransomware attack on China’s largest bank did not significantly disrupt the U.S. Treasury market. Yellen emphasized the importance of close communication and trust between nations. The bank, Industrial and Commercial Bank of China Financial Services, confirmed the attack but stated that … Read more

Australia declares ‘nationally significant cyber incident’ after port attack

November 12, 2023 at 07:50PM Australia’s National Cyber Security Coordinator has labeled an attack on DP World, a logistics company, as a “nationally significant cyber incident.” The attack caused DP World’s technology infrastructure at four Australian ports to go offline, resulting in the closure of the facilities. DP World handles 40 percent of the containers … Read more