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

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Beijing likes stealing from America almost as much as Washington

slapped

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines