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February 7, 2019 10:00 am

Huawei Admits To Needing 5 Years, $2 Billion To Fix Security Issues

Bruce66423 writes: In a remarkable piece of honest self assessment, Huawei has produced a letter to a House of Commons committee member in response to security concerns raised by the UK Huawei Cyber Security Evaluation Centre (HCSEC) in its annual report, a body that includes Huawei, UK operators and UK government officials. The firm pledged to spend about $2 billion over five years to resolve these issues. However they also claim that: "Huawei has never and will never use UK-based hardware, software or information gathered in the UK or anywhere else globally, to assist other countries in gathering intelligence. We would not do this in any country" -- a claim in sharp contrast to the ability of the Communist Party of China to suborn anyone into doing so. Good to see that Chinese firms still have a sense of humor. As The Economist puts it: "And China's leaders are tightening their grip on business, including firms such as Huawei in which the state has no stake. This influence has been formalized in the National Intelligence Law of 2017, which requires firms to work with China's one-party state."

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