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Tag: cyber security legislation

China’s Cyber Attacks on the United States Will Only Get Worse – Money Morning

Sometimes the truth is scarier than fiction, like in the case of China’s cyber attacks on the United States.

In what reads more like a crime novel than a true story, a report released today (Tuesday) from Virginia-based cybersecurity firm Mandiant, a specific Chinese military unit is likely behind one of the largest cyber attacks aimed at American corporations and infrastructure.

China’s Unit 61398, housed in a 12-story building in Shanghai with a headcount in the hundreds, is being accused of stealing “hundreds of terabytes of data from at least 141 organizations” since 2006. Some 115 targets in 20 different industrial sectors from energy and aerospace to transportation to financial institutions are said to have been violated.

The investigation tracked, for the first time, individual members of the savviest Chinese hacking group, dubbed “Comment Crew” and “Shanghai Group,” directly to the military unit’s headquarters. While Mandiant couldn’t pinpoint the hackers’ exact whereabouts inside the high-rise, the firm very convincingly makes the case that the building is where the attacks originated.

“Once [Unit 61398] has established access [to a target network], they periodically revisit the victim’s network over several months or years and steal broad categories of intellectual property, including technology blueprints, proprietary manufacturing processes, test results, business plans, pricing documents, partnership agreements, and emails and contacts lists from victim organizations’ leadership,” the detailed 74-page report reads.

American officials also confirmed that digital forensic evidence presented by Mandiant leads to the Shanghai building as the prime source of the attacks, according to The New York Times, which first reported on Mandiant’s findings Monday. Mandiant is the same firm The Times secured to investigate the cyber attacks that infiltrated their own systems in China last month.

The Chinese government adamantly denies the allegations. Chinese Foreign Ministry spokesperson Hong Lei said at a press conference the claims in the Mandiant report were unsupported.

“To make groundless accusations based on some rough material is neither responsible nor professional. Cyberattacks are anonymous and transnational, and it is hard to trace the origin of attacks, so I don’t know how the findings of the report are credible,” The Wall Street Journal reported.

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The Cyber-Hacking of America Is Going to Cost Us Big Time – Money Morning

We’ve been warning for some time now that cybersecurity would emerge as one of the top issues to track.

Indeed, in column we published on February 1st , we even predicted that the cyber-hacking of America – especially from China, Russia and Iranwould turn into one of the top stories of 2013.

And that’s precisely how it’s turning out.

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