Chinese Hackers Hacked Into Sensitive Data from AT&T and Verizon
According to the Wall Street Journal, Chinese hackers are being investigated for breaching U.S. broadband networks, such as Cisco, AT&T and Verizon, in a new attack called "Salt Typhoon," putting critical infrastructure at risk. By targeting core systems in telecommunications, these cybercriminals could steal data, redirect traffic, or launch more severe attacks. Per the report, the hackers may have had access to data for months. This is just the latest in a series of high-profile hacks from China, which has been quietly infiltrating U.S. networks for years.
(Sources: The Wall Street Journal)
Largest U.S. Water Utility Company Hit by Cyberattack
American Water, the largest U.S. water utility, was hit by a cyberattack, forcing the shutdown of its customer service and billing systems. While no water supply was affected, the attack highlights a disturbing trend: U.S. infrastructure is increasingly under siege by foreign-linked hackers, including those tied to Russia, China, and Iran. As these attacks ramp up, targeting everything from healthcare to water systems, the EPA has warned that many utilities remain vulnerable. With national infrastructure at risk, cybersecurity lapses could have serious consequences for millions of Americans.
(Sources: CNBC)
Biden Administration Targets Foreign Smart-Car Components Due to Risk
In a bid to bolster national security, the U.S. Commerce Department has proposed banning the use of Chinese and Russian components in Internet-connected vehicles. This move follows an inquiry initiated in February regarding the risks posed by foreign-made smart-car technologies. The proposal aims to prevent potential spying by foreign adversaries and is expected to become official in the coming months.
Automakers have voiced concerns over potential disruptions to supply chains and increased costs if the regulations are enacted.
(Sources: The Wall Street Journal)
It's time to take action to protect your dealership from potential cyber threats. We’re offering a complementary cyber security training session specifically designed for car dealership employees.
Here’s what you get with our training:
- Practical strategies to protect your dealership data from phishing and other threats
- Flexible scheduling to suit your team’s convenience
- Online or in-person sessions
To schedule your complementary session, feel free to contact me directly at 423.267.6858 ex 704 or glenn.grakov@george-wealthmanagement.com.
We can't say when the next cyber attack will strike, but it's inevitable.