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December 14, 2011 09:05 pm

The Undeclared "Cyber Cold War" With China


First time accepted submitter lacaprup writes "Chinese-based hacking of 760 different corporations reflects a growing, undeclared cyber war. From giants like Intel and Google to unknowns like iBahn, the Chinese hackers are accused of stealing everything isn't nailed down. Simply put, it is easier and cheaper to steal rather than develop the legal way. China has consistently denied it has any responsibility for hacking that originated from servers on its soil, but — based on what is known of attacks from China, Russia and other countries — a declassified estimate of the value of the blueprints, chemical formulas and other material stolen from U.S. corporate computers in the last year reached almost $500 billion"

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/5rnPQSsFhQM/the-undeclared-cyber-cold-war-with-china

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