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:New PBA D-League season opens Monday 13 mins elapsed Palace warns strikers against crippling public transport 17 mins elapsed 3 officers suspected of sharing nude photos of arrested women 1 hour elapsed Laude’s German fiancé to leave PH Sunday 2 hours elapsed Uber app needs further study amid LTFRB crackdown—Palace 2 hours elapsed Aldo beats Mendes in UFC 179 to keep his title 3 hours elapsed US to recognize same-sex marriage in 6 more states 3 hours elapsed Giants surge past Royals 11-4 to level World Series 2-2 4 hours elapsed