A Federal judge in New York on Saturday temporarily blocked access to U.S. Treasury Department payment systems by billionaire Elon Musk’s Department of Government Efficiency’s (DOGE). […]
House Democrats on Thursday intensified their opposition to recent forays into Federal agency tech systems by the Department of Government Efficiency (DOGE) by introducing a new bill aimed at preventing DOGE and its leader Elon Musk from accessing confidential Treasury Department systems and data. […]
Lawyers for the Justice Department have agreed to temporarily restrict the Department of Government Efficiency’s (DOGE) access to the Treasury Department’s payment systems. […]
Democratic lawmakers and a coalition of labor organizations are taking action through legislation and a Federal lawsuit to protect Americans’ data after the Treasury Department allegedly shared confidential system access and data with the Department of Government Efficiency (DOGE) led by billionaire Elon Musk and authorized by President Donald Trump. […]
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Jan. 3 that it has imposed sanctions on a Beijing-based cybersecurity company known as Integrity Technology Group, Inc. (Integrity Tech) for its role in a spate of malicious cyber activities. […]
The Cybersecurity and Infrastructure Security Agency (CISA) issued an update today regarding last week’s cybersecurity incident at the Treasury Department, stating that no other Federal agencies appear to have been impacted. […]
A bicameral pair of lawmakers is demanding answers from the Treasury Department following a China state-sponsored breach of some of the department’s sensitive systems. […]
The Treasury Department on Monday evening issued its final rule to block U.S. private sector investments in China that involve hot-button technologies including AI, quantum, and semiconductors. […]
The Department of Treasury sanctioned two members of a Russian nationalist hacktivist group on July 19 over an incident in January that led to the overflow of water storage tanks in Texas. […]
The Treasury Department issued a draft rule on Friday that would block U.S. private-sector investments in China that involve hot-button technologies including AI, quantum, and semiconductors. […]
With the rapid growth of AI technologies, the Central Intelligence Agency (CIA) and the Department of Treasury are facing challenges in finding talent with AI expertise, according to agency officials. […]
Treasury Secretary Janet Yellen said today that artificial intelligence technologies pose “significant risks” to financial markets that include biased decision-making yet also offer “tremendous opportunities” to lower costs and improve access to financial products. […]
A new report from the Treasury Department on how the financial services sector is approaching managing AI-driven cybersecurity risks reveals challenges familiar to many sectors – think workforce, data quality, and funding. But one that stands out from the rest gets down to the very basic level of understanding those risks: reaching broad agreement on what artificial intelligence means, and adopting common terms that will allow for greater understanding of the technology. […]
The Treasury Department’s Office of Foreign Assets Control (OFAC) has announced a new round of sanctions against members of the Intellexa Consortium for distributing “Predator” branded commercial spyware technology to target American citizens. […]
The Department of Treasury announced on Feb. 28 the recovery of over $375 million worth of fraudulently transmitted money through a new AI-enhanced fraud detection process. […]
The Treasury Department’s announcement today of a new round of economic sanctions on Russian businesses and individuals includes notable numbers of new sanctions falling on companies operating in the Russian tech sector. […]
Nancy Sieger, chief technology officer (CTO) at the Department of Treasury, will be stepping down from that post later this year after 35 years of government service, she said in a LinkedIn post. […]
The U.S. Treasury Department has tapped Todd Conklin to be the agency’s new chief artificial intelligence officer and deputy assistant secretary cyber, according to his LinkedIn account. […]
The Department of Treasury plans to launch a blanket purchase agreement (BPA) contract to source and streamline cybersecurity services across the agency. […]
The Treasury Department is embracing technology diversity as one of the mechanisms in its cybersecurity fights against bad actors looking to attack the department’s supply chains. […]
The Treasury Inspector General for Tax Administration (TIGTA) is calling on the IRS to create “timely remediations” for all of the agency’s Known Exploited Vulnerabilities (KEV) in its latest audit report. […]
Cloud services can help financial institutions become more resilient and secure, but a recent report from the Treasury Department found that there are some challenges that can take away from these benefits. […]
The Department of Treasury has awarded Science Applications International Corp. (SAIC) a $1.3 billion cloud modernization contract to “support a complete range of cloud and professional IT services,” the company announced last week. […]
The Department of the Treasury’s Bureau of the Fiscal Service (BFS) is looking for new technological capabilities for automated testing for the department’s software applications that have routinely been done manually. […]
The Department of the Treasury’s Bureau of the Fiscal Service needs to fix weaknesses in its key controls over financial information systems that are relevant to the Schedules of Federal Debt, according to a new report from the Government Accountability Office (GAO). […]
Officials with the Treasury Department’s Bureau of the Fiscal Service (BFS) and the Agriculture Department’s Research, Education, and Economics (REE) organization explained this week how their agencies are focusing on making government data more accessible to the public. […]
The Office of the Comptroller of the Currency (OCC) announced on Oct. 27 that it will establish an Office of Financial Technology early in 2023. […]
A new report from the U.S. Treasury Financial Crimes Enforcement Network (FinCEN) finds that three-quarters of “ransomware-related incidents” tracked by FinCEN originated from or were connected to the Russian Federation during the second half of 2021. […]
President Biden will replace Internal Revenue Service (IRS) Commissioner Charles Rettig when his term ends on November 12, Secretary of the Treasury Janet Yellen announced. […]
The cryptocurrency exchange, Bittrex has been imposed with a civil money penalty totaling $29 million by the Financial Crimes Enforcement Network (FinCEN), for violating the Bank Secrecy Act (BSA). The action is also a part of a global settlement with the Office of Foreign Assets Control (OFAC). […]