Tag Archives: Chinese hackers

Computers

Chinese hackers hurt business, Congressional committee told

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As senior officials from China and the United States wrap up a series of talks in Washington about an array of economic issues, across town members of Congress probed the extent of Chinese efforts to steal intellectual property from tech companies and other U.S. businesses.

“From defense contractors to manufacturing, no American company has been immune from the scourge of Chinese intellectual property theft,” says Rep. Tim Murphy (R-Pennsylvania), the chairman of the House Energy and Commerce Committee’s oversight subcommittee.

Among the witnesses on hand was Slade Gorton, a former senator from Washington who serves on the Commission on the Theft of American Intellectual Property, a group that has been studying the economic impact of the problem, with a particular focus on China.

Gorton cited the commission’s estimate that cyber espionage and other forms of IP theft from foreign countries account for annual losses of $300 billion for U.S. companies. The group attributes between 50 percent and 80 percent of those losses to China.

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Source: FULL ARTICLE at PCWorld

Articles of Interest

China’s Spies Have Seen Our Top Weapon Designs

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By Kevin Spak

 Chinese hackers have managed to access the designs for dozens of America’s most advanced weapons systems, according to a confidential report from the Defense Science Board obtained by the Washington Post . The designs accessed include the heart of the Pentagon’s missile defense shield for Asia, along with combat aircraft and ships like the Black Hawk Helicopter, the V-22 Osprey, the new Littoral Combat Ship, and the most expensive weapons system ever, the F-35 Joint Strike Fighter jet. “That’s staggering,” says the head of one think tank covering Asia security issues. “These are all very critical weapons systems, critical to our national security. When I hear this in totality, it’s breathtaking.” Experts say the thefts could drastically aid Chinese weapons development by saving the country years of research and the massive associated costs (which experts peg at billions of dollars); it could also give China an edge in any military conflict with the US. The Post notes that when the hacking occurred, and through what point of access (government computers, or those of defense contractors or subcontractors), were not made clear. China, of course, says it hasn’t conducted cyber-espionage at all, and indeed claims that US cyberspies are targeting it.

Source: FULL ARTICLE at Newser – Home