Investing Pioneers
SUBSCRIBE NOW
  • Wall Street Word
  • Whale Tracker
  • Stocks
  • Gold
  • Crypto
  • Economy
No Result
View All Result
  • Wall Street Word
  • Whale Tracker
  • Stocks
  • Gold
  • Crypto
  • Economy
No Result
View All Result
Investing Pioneers
No Result
View All Result

Cybersecurity Gaps Pose Risks to Telecom Investments

in Wall Street Word
0
0
SHARES
109
VIEWS
Share on FacebookShare on Twitter

Nine U.S. telecom firms have been hacked as part of a Chinese-linked hacking campaign dubbed Salt Typhoon as of Friday, top White House official Anne Neuberger said.

What Happened: Earlier this month, the Biden administration said that at least eight telecommunication companies have been affected by the hacking campaign. However, a ninth company has now been attacked, Neuberger, the U.S. deputy national security advisor for cyber and emerging technology, confirmed on Friday without revealing the name of the company.

As per officials, the hackers gained access to the private communication of an unknown number of Americans as part of the campaign. A large number of affected individuals are in the Washington Virginia area, Neuberger said on Friday.

“We believe it was the goal of identifying who those phones belong to and if they were government targets of interest for follow-on espionage and intelligence collection of communications, of texts, and phone calls on those particular phones,” she said.

China, however, has previously denied responsibility for the hacking.

Why It Matters: “We wouldn’t leave our homes, our offices unlocked, and yet our critical infrastructure — the private companies owning and operating our critical infrastructure often do not have the basic cybersecurity practices in place that would make our infrastructure riskier, costlier, and harder for countries and criminals to attack,” Neuberger said, while calling for defensible infrastructure.

Voluntary cybersecurity practices, Neuberger said, are inadequate to protect against China Russia, and Iran’s hacking efforts.

The FCC has launched a notice of a public rule to ensure telecom companies are putting into place basic cybersecurity practices. It is now waiting for all commissioners to vote on the rule by Jan. 15.

“We really are eager to have the bipartisan support across the FCC to ensure that telecom companies must put in place those basic cybersecurity practices that would make it harder, riskier, and costlier for the Chinese to compromise those networks in the future,” Neuberger said on Friday.

Read Next:

  • Jeff Bezos’ Blue Origin Gets License From FAA For New Glenn’s Maiden Launch As It Takes On Elon Musk’s SpaceX Falcon

Photo courtesy: Wikimedia

Previous Post

Vitalik Buterin’s Uncommon Investment Sparks Investor Curiosity

Next Post

Trump Asks Supreme Court To Delay TikTok Ban As He Pursues A ‘Political Resolution’

Next Post

Trump Asks Supreme Court To Delay TikTok Ban As He Pursues A 'Political Resolution'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Uber’s Earnings Report: Investors Anticipate Significant Shift

November 4, 2025

Krugman Critiques Trump’s Trade Retreat with China

November 4, 2025

Argentina’s Surprising Investment Opportunity Gains Traction

November 4, 2025

China Cuts Data Center Energy Costs By 50% With Major Subsidies To Boost Domestic Chip Industry: Report

November 4, 2025

Browse by Category

  • Artificial Intelligence
  • Business
  • Crypto
  • Economy
  • Gold
  • In Partnership with Preserve Gold
  • Partnership with InvestorPlace
  • Partnership with The Oxford Club
  • Personal Finance
  • Real Estate
  • Sponsored
  • Stocks
  • Tech
  • Wall Street Word
  • Whale Tracker

Recent News

Uber’s Earnings Report: Investors Anticipate Significant Shift

November 4, 2025

Krugman Critiques Trump’s Trade Retreat with China

November 4, 2025
  • Privacy Policy
  • Terms of Use
  • CCPA Privacy Notice
  • SMS Terms

© 2025 - InvestingPioneers.com.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Wall Street Word
  • Whale Tracker
  • Stocks
  • Gold
  • Crypto
  • Economy

© 2025 - InvestingPioneers.com.