Corporate America Must Fight, and Live With, China Hackers: View

Chinese hackers have redefined the concept of room service: In one recent attack, they infiltrated an Internet service provider to some of the world’s leading hotels, potentially gaining access to millions of confidential messages of traveling executives, as well as to the victims’ corporate networks.

The electronic theft of proprietary information from U.S. companies has reached the level of grand larceny on a national scale. One declassified government estimate put the value of information stolen in the last year -- everything from blueprints to merger plans -- at almost $500 billion. In October, breaking with diplomatic niceties, the Office of the National Counterintelligence Executive characterized “Chinese actors” as “the world’s most active and persistent perpetrators of economic espionage.” More...

12-16-2011 16:19