Commercial cyber spying offers rich payoffAssociated Press
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.
Recent Stories:Aquino: Any ransom paid wasn’t from me 33 mins elapsed Indonesian president gets rock star welcome at inauguration 59 mins elapsed Binay to bring case to the people 2 hours elapsed Neda chief seeks increased support for small farmers 3 hours elapsed Pemberton must show up Tuesday–De Lima 4 hours elapsed UBP secures approval to triple capital 4 hours elapsed Stock index tracks rebound in region, closes higher 5 hours elapsed UK critics praise Gia, other Filipinos 5 hours elapsed