US targets China-based firm under new cyber-related sanctions, Treasury website shows

Reuters

Updated 25 March 2024 at 11:23 am

Man holds laptop computer as cyber code is projected on him in this illustration picture

(Reuters) -The United States on Monday imposed cyber-related sanctions on China-based Wuhan Xiaoruizhi Science And Technology Company Ltd, according to a notice on the U.S. Treasury Department's website.

The notice was posted after CNN reported earlier on Monday that the Biden administration was set to accuse Chinese hackers who work on behalf of China's civilian intelligence service of targeting U.S. companies in a sweeping espionage campaign.

(Reporting by Katharine Jackson and Ismail Shakil; writing by Brendan O'Brien; editing by Rami Ayyub and Caitlin Webber)

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