Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Contact Centers Business Intelligence More Topics...
Druva inSync Free Trial
Druva inSync with DLP, analytics & secure file sharing.
www.druva.com/inSync-Trial
You are here: Home / Network Security / US Indicts 5 Chinese Officers in Hacking
Real-time info services with Neustar
US Indicts 5 Chinese Officers on Cyber-Espionage Charges
US Indicts 5 Chinese Officers on Cyber-Espionage Charges
By Jennifer LeClaire / CRM Daily Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
MAY
19
2014


Five Chinese military officers were indicted Monday by a federal grand jury in the Western District of Pennsylvania on charges of computer hacking and economic espionage, among other crimes. The hackers were allegedly targeting six entities in the U.S. nuclear power, metals and solar products industries.

According to the indictment, the defendants conspired to hack into American entities so they could gain and maintain illegal access to their computers and to steal information that would be useful to their competitors in China, including state-owned enterprises.

The indictment also alleges that the hackers, using Chinese military and intelligence resources, downloaded massive amounts of industrial information, including strategic plans, from U.S. businesses. The six U.S. entities were Westinghouse Electric, U.S. Steel, SolarWorld, the United Steel Workers Union, Allegheny Technologies and Alcoa.

First Time for Everything

U.S. Attorney General Eric Holder said the case represents the first-ever charges against a state actor for this type of hacking. He called the range of trade secrets and other sensitive business information stolen in this case "significant" and said it demands an aggressive response.

"Success in the global market place should be based solely on a company's ability to innovate and compete, not on a sponsor government's ability to spy and steal business secrets," Holder said. "This administration will not tolerate actions by any nation that seeks to illegally sabotage American companies and undermine the integrity of fair competition in the operation of the free market."

Mike Davis, CTO of CounterTack, a real-time endpoint security firm, told us there's a growing legion of criminal enterprises like the Chinese People's Liberation Army that are looking to try anything to get data as part of large-scale cyber-espionage efforts.

"It's just part of the game now, but these enterprises are well funded, and they are persistent. It's interesting that this news surfaced today," Davis said. "There is a substantial long-term play in terms of how the U.S. will prosecute these types of criminals, striking a delicate balance between using a heavy hand now to send a message -- depending on what the charges and sentence is -- but also to say that the U.S. isn't showing any type of weakness in its cyber-security approach."

An Important Move

Tom Cross, director of security research at network security firm Lancope, said this was an important move by the U.S. Department of Justice toward establishing a set of international norms regarding cyber-espionage. (continued...)

1  |  2  |  Next Page >

Tell Us What You Think
Comment:

Name:

Like Us on FacebookFollow Us on Twitter
TOP STORIES NOW
MAY BE OF INTEREST
IT departments are embracing cloud backup, but there's a lot you need to know before choosing a service provider. Learn all the critical things you need to know by accessing the white paper, "5 Things You Didn't Know About Cloud Backup". Access the White Paper now.
MORE IN NETWORK SECURITY
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Dairy Queen Latest Retailer To Report Hack
Known for its hot fries and soft-serve ice cream, Dairy Queen just made cyber history as the latest victim of a hack attack. The fast food chain said that customer data at some stores may be at risk.
 
Lessons from the JPMorgan Chase Cyberattack
JPMorgan Chase is investigating a likely cyberattack. The banking giant is cooperating with law enforcement, including the FBI, to understand what data hackers may have obtained.
 
Who Is the Hacker Group Lizard Squad?
Are they dangerous or just obnoxious? That’s what many are wondering about the hacker group Lizard Squad, which tweeted out a bomb threat that grounded a flight with a Sony exec aboard.
 

Enterprise Hardware Spotlight
Intel Intros Lightning-Fast PC Processors
Call it extreme. Intel just took the covers off its first-ever eight-core desktop processor, which is aimed at hardcore power users who expect more than the status quo from their computers.
 
HP Previews ProLiant Gen9 Data Center Servers
Because traditional data center and server architectures are “constraints” on businesses, HP is releasing new servers aimed at faster, simpler and more cost-effective delivery of computing services.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 

Mobile Technology Spotlight
Samsung Maps Its Way with Nokia's 'Here' App for Galaxy Phones
Korean electronics giant Samsung has opted to license Here, Nokia’s mapping app -- formerly known as Nokia Maps -- for its Tizen-powered smart devices and Samsung Gear S wearable.
 
Will iPhone Finally Catch Up with NFC Mobile Payment Ability?
Apple's latest version of the iPhone may have a mobile wallet to pay for purchases with a tap of the phone. The iPhone 6 reportedly is equipped with near-field communication (NFC) technology.
 
Visual Search To Shop: Gimmick or Game Changing?
Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Contact Centers | Business Intelligence | Sales & Marketing | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.