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WaPo: Russian hacking group is behind Treasury and Commerce email breach

The FBI is investigating a breach into the Treasury and Commerce Departments by a group known as Cozy Bear, which also hacked the Democratic National Committee in 2016, per the Washington Post.

Driving the news: Reuters first reported on Sunday that hackers have been monitoring internal emails at the departments, specifically targeting an agency in Commerce responsible for U.S. telecommunications policy.


  • The state-sponsored hack was part of a broader cyber espionage campaign against the U.S. government and its interests, according to the reports.

What they're saying: “The United States government is aware of these reports and we are taking all necessary steps to identify and remedy any possible issues related to this situation,” said National Security Council spokesperson John Ullyot.

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The zombies are coming: Coronavirus protections could be delaying a bankruptcy crisis

Data: IIF; Chart: Axios Visuals

The number of business bankruptcies and insolvencies in most countries has declined this year through the coronavirus pandemic as the world is seeing far fewer bankruptcies than it did in 2019.

Yes, but: That is largely thanks to assistance from central banks and government measures restricting things like foreclosures.

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