FBI accuses China of trying to 'ransack' Western companies through hacking

Christopher Wray warned Western companies that China aims to “ransack” their intellectual property so it can eventually dominate key industries, escalating a dispute between the world’s two largest economies over hacking.

He appeared alongside the head of MI5, Ken McCallum — the first time the heads of the Federal Bureau of Investigation and the UK’s domestic counter-intelligence agency have shared a forum. Washington and US cybersecurity companies have long alleged that China runs expansive hacking operations. Wray also said that China is “looking for ways to insulate their economy against potential sanctions” after seeing how Russia was punished over its attack on Ukraine. “If China does invade Taiwan, we could see the same thing again, at a much larger scale,” he said.

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Business Maverick: China is trying to ‘ransack’ Western companies, FBI head warnsChristopher Wray said China’s spies were snooping on ‘companies everywhere from big cities to small towns’. The Asian super power denies the accusations, saying it is a victim of cyber snooping and calling the US ‘empire of hacking’.
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