Commercial cyber spying offers rich payoff

The building housing “Unit 61398” of the People’s Liberation Army is seen in the outskirts of Shanghai, Tuesday Feb. 19, 2013. Cyberattacks that stole information from 141 targets in the U.S. and other countries have been traced to the Chinese military unit in the building, a U.S. security firm alleged Tuesday. (AP Photo)

BEIJING — For state-backed cyber spies such as a Chinese military unit implicated by a U.S. security firm in a computer crime wave, hacking foreign companies can produce high-value secrets ranging from details on oil fields to advanced manufacturing technology.

This week’s report by Mandiant Inc. adds to mounting suspicion that Chinese military experts are helping state industry by stealing secrets from Western companies possibly worth hundreds of millions of dollars. The Chinese military has denied involvement in the attacks.

British security expert Graham Cluley says the world is in a “new era of cybercrime.”

He says, “We’ve moved from kids in their bedroom and financially motivated crime to state-sponsored cybercrime.”

Security experts say cyber spies with skills and resources that suggest they work for governments aim at higher-value but better-guarded information.

Other Stories:

DepEd website now up and normal

China, Romania key sources of hacking—report

IT section of Manila Bulletin website defaced

Palace website hacked over gov’t ‘mishandling’ of Sabah dispute

Recent Stories:

Pacers hold off Knicks to reach Eastern finals _{1 min elapsed}

Bella Flores, 84 _{47 mins elapsed}

What’s cookin’ with AHA: Salad Nicoise _{1 hour elapsed}

Proclamations put period to Luzon election contests _{2 hours elapsed}

Reyeses proclaimed anew in Marinduque _{2 hours elapsed}

Notes of a Fil-Am election observer _{3 hours elapsed}

Beckham captains PSG in last home game _{3 hours elapsed}

French president signs gay marriage into law _{3 hours elapsed}

Tags: Chinese military , computer crime wave , cyber spies , hacking , US security firm