Bloomberg Businessweek China Hacked Treasury Dept. in ‘Major Incident,’ US Says
17 snips
Dec 31, 2024 Alan Hibbard, Precious Metals and Alternative Money Specialist at GoldSilver.com, discusses the rising significance of gold as a safe haven, projecting prices may soar beyond $3,000 per ounce by 2025, while contrasting it with Bitcoin's challenges as a transactional currency. Madison Muller, Bloomberg News Health Reporter, dives into the healthcare sector's future, highlighting the impact of emerging weight loss drugs and potential market challenges, including accessibility and competition driven by telehealth innovations.
AI Snips
Chapters
Transcript
Episode notes
Treasury Hack
- The US Treasury Department suffered a major cybersecurity incident, allegedly perpetrated by a Chinese state-sponsored actor.
- This involved accessing government employees' workstations and unclassified documents via a third-party software vulnerability.
Geopolitical Cybersecurity Risks
- Heightened geopolitical tensions can escalate cyberattacks, especially with China, given issues like trade and TikTok's data harvesting.
- Caution is advised for TikTok users due to concerns about data privacy and potential misuse by foreign powers.
Cybersecurity Concerns
- Exploiting third-party software vulnerabilities is a recurring theme in cyberattacks, allowing access to sensitive information.
- Quick detection and response are crucial, as is a holistic cybersecurity approach combining prevention, detection, and response.