Ahead of rising tensions between Beijing and Washington, a Chinese cybersecurity center has accused the United States of engaging in cyberattacks to steal business secrets.
What Happened: The National Computer Network Emergency Response Technical Team/Coordination Centre of China, a non-governmental organization focused on cybersecurity threats, claims to have detected and mitigated these cyberattacks, South China Morning Post reported on Thursday.
Since August, an advanced material design research unit in China has reportedly been targeted by suspected American intelligence agencies. The attackers allegedly exploited a vulnerability in an electronic document security system to access the company’s server, deploying a Trojan horse virus to over 270 hosts, thereby stealing commercial secrets.
See Also: Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will ‘Make Life Affordable’
Another incident in May 2023 involved a breach in Microsoft Exchange software, affecting a major hi-tech enterprise specializing in smart energy and digital information. The center’s recent weekly report highlighted coordination with various organizations to manage 146 network security incidents, including 92 cross-border cases.
Additionally, 2,950 data security breaches were identified. Meanwhile, the US has initiated a national security investigation into Chinese router company TP-Link, amid ongoing accusations and denials between the two nations regarding state-sponsored hacking activities.
Why It Matters: The accusations from China come amid heightened scrutiny of Chinese technology firms by the United States. The U.S. government is currently investigating TP-Link for potential national security threats, as the company holds a significant share of the US router market. This follows multiple cyberattacks linked to TP-Link’s routers.
Furthermore, the FBI has issued warnings about ongoing China-backed telecom hacks, advising Americans to use encrypted messaging apps to protect their communications. Jeff Greene, CISA's executive assistant director for cybersecurity, emphasized the importance of encryption in safeguarding data, even if intercepted. These developments underscore the escalating cybersecurity tensions between the two global powers.
Read Next:
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Image via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
