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Chinese hackers cast wide net for trade secrets in US, Europe and Asia, researchers say

CNN

CNN — Chinese government-linked hackers have tried to steal sensitive data from some three dozen manufacturing and technology firms in the US, Europe and Asia, security researchers said Wednesday, in findings that shed new light on Beijing’s alleged use of hacking to buttress its powerhouse economy.

The hackers targeted blueprints for producing materials with broad applications to the pharmaceutical and aerospace sectors, according to Boston-based security firm Cybereason. The firm discovered the activity last year but said the hacking campaign dates to at least 2019, and it suggested that reams of data could have been stolen in the interim.

The research is an unsettling reminder of the scope of the cyber threats facing US businesses and government agencies as the Biden administration attempts to thwart them. For all of the attention on potential Russian hacking due to the war in Ukraine, China’s digital operatives have been very active.

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Letter from Keith Krach to Business Leaders on Xinjiang Supply Chain Business Advisory

It is critical that U.S. companies and individuals be aware of the large-scale human rights abuses perpetrated by the PRC government in Xinjiang. Businesses should evaluate their exposure to the risks that result from partnering with, investing in, and otherwise providing support to companies that operate in or are linked to Xinjiang.

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Can China Form its Own Alliance? — Simone Gao with Keith Krach

G7 adopted the U.S.-led proposal BuildBackBetter World as an alternative to China’s Belt and Road Initiative. But can it compete with China’s investment? KeithKrach was the under secretary of state responsible for economic diplomacy during the #Trump administration. The Blue Dot network his team drafted was adopted by the Biden Administration and is now the Build Back Better World initiative. This Silicon Valley veteran has a good track record of defeating China’s economic aggression, particularly Huawei’s ambition to take over the global 5G communications.