Hacked: How China is stealing Americas business secrets

Sen. John Kerry is fed up with Chinas penchant for looting technology from U.S. businesses — up to $400 billion worth of data each year. When will it stop?POSTED ON FEBRUARY 16, 2012, AT 3:52 PMChinese gamers at an internet cafe: Sen. John Kerry D-Mass. says Chinese hackers are illegally stealing business secrets from American firms. Photo: Imaginechina/Corbis SEE ALL 54 PHOTOSChinese Vice President Xi Jinping, slated to be the next leader of the worlds most populous nation, is getting an earful from U.S. officials over Chinas shady business practices. During Xis first official tour of the U.S. this week, Sen. John Kerry D-Mass. accused a Chinese company of bankrupting a U.S. competitor by ransacking its software. And thats just the tip of the iceberg, alleges Kerry, implicating China in “cyber-attacks, access-to-market issues, espionage [and] theft.” And, indeed, a flurry of recent reports indicate that Chinese hackers, backed by the government, are stealing business secrets from the U.S. Here, a guide:

via Hacked: How China is stealing Americas business secrets – The Week.

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About gatoMalo

I am a veteran served on the USS Saratoga. After the military I worked on computers for the last 30 or so years. I worked as a hardware, software, network, email, groupware developer and security dude. I am now an abuelo. I belive in guarding the guards. We are all citizen warriors for our country the 5th battlefield is Cyber Space so here I am. Later, quis custodiet ipsos custodes? View all posts by gatoMalo

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