Report: Chinese Cyber Espionage ‘Single Greatest Threat to U.S. Technology’

[To-Whose-Benefit?]

Breitbart
John Hayward sept 6, 2018

[excerpt]

https://www.breitbart.com/national-security/2018/09/06/report-chinese-cyber-espionage-threat-technology/

A report published on Thursday by the Foundation for Defense of Democracies warns Chinese cyberespionage is the “single greatest threat to U.S. technology,” siphoning over $300 billion per year from the U.S. economy.

“China is engaged in wide-ranging cyber intrusions and network exploitations causing massive damage to U.S. and other foreign firms annually. By advantaging Chinese enterprises at the expense of competitors from the United States and its allies and partners, these attacks cumulatively degrade U.S. national security,” said the report.

The Foundation attributed up to 80 percent of cross-border intellectual property theft worldwide, and over 90 percent of economic cyberespionage in the United States, to Chinese hackers. This rampant theft has allowed China’s state-run firms to steal what they need to erase the competitive advantages of pioneering American companies and “erode the United States’ long-term position as a world leader in innovation and competitiveness,” including leadership in technology with military applications.

The report also describes China using cyberespionage as an instrument of “economic coercion,” citing the example of “significant cyber attacks from China” last year against the Lotte Group, the South Korean conglomerate that agreed to host America’s THAAD anti-missile system on its property. The Chinese government also ceased e-commerce cooperation with Lotte and shut down almost all of its retail locations in China on flimsy pretexts.