CyberArk Software shares rose Monday as Morgan Stanley analysts said the company stands to benefit after competitor BeyondTrust was hacked by a Chinese state-sponsored actor seeking to access Treasury Department systems.

Threat actors entered Treasury Department systems through BeyondTrust. The breach may be related to the Salt Typhoon attacks.

A China-linked breach tied to the compromise of BeyondTrust’s remote support tool has reportedly led to the breach of multiple offices within the U.S. Treasury Department.

Chinese state-sponsored hackers broke into the computers of senior US Treasury Department leaders as part of a recent breach of the agency, according to a US official and another person familiar with the matter.

Hackers connected to China's government successfully breached several Treasury Department workstations and accessed unclassified documents, according to a letter to Congress on Monday. Why it matters: The U.

The attacks appear to have targeted influential individuals, aiming to gather information that could serve the interests of the Chinese government.

Hackers linked to the Chinese government have breached the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), according to officials familiar with the matter who spoke to The Washington Post.

After unclassified documents from the US Treasury Department were accessed in a hack blamed on China, many in the cybersecurity community are wondering how such breaches might intensify in the weeks and months ahead.