Report: Chinese Hackers Stole Trillions in Intellectual Property from Multinational Companies

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Boston-based security firm Cybereason released a report Wednesday which chronicled a “massive Chinese intellectual property theft operation” dubbed “Operation CuckooBees.”

Perhaps one of the most interesting and striking aspects of this report is the level of sophistication introduced by the malware authors. The infection and deployment chain is long, complicated and interdependent — should one step go wrong, the entire chain collapses — making it somewhat vulnerable, yet at the same time provides an extra level of security and stealth for the operation.

The report said it was “hard to estimate the exact number of companies affected by Operation CuckooBees” due to the “complexity, stealth, and sophistication of the attacks.” “We’re talking about Blueprint diagrams of fighter jets, helicopters, and missiles,” Cybereason CEO Lior DivDiv said the value of the stolen data could be measured in “trillions, not billions” of dollars.

“The real impact is something we’re going to see in five years from now, ten years for now, when we think that we have the upper hand on pharmaceutical, energy, and defense technologies. And we’re going to look at China and say, how did they bridge the gap so quickly without the engineers and resources?” he warned.

 

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Beijing likes stealing from America almost as much as Washington

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