New Report Uncovers Massive Chinese Hacking Of Trade Secrets

Hackers allegedly connected to the Chinese government attempted to hack trade of secrets

According to the security researchers on Wednesday, the Chinese hackers allegedly attempted to access sensitive information from dozens of global organizations.

In a research published by the Security firm Cybereason, the firm believed that the cyberattack aimed to steal sensitive proprietary information from technology and manufacturing companies mainly in Western Europe, North America and East Asia. 

The group also had a “medium-high confidence” that the cyberattack was connected to a group called the “Winnti APT,” which specializes in cyber espionage and intellectual property theft and is believed to work for the interests of the Chinese government.

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Moreover, Cybereason CEO and co-founder Lior Div claimed that the hackers made “intricate and extensive efforts to garner information from the organizations.”

“The most alarming revelation is that the companies weren’t aware they were breached, going some as far back as at least 2019, giving Winnti free unfiltered access to intellectual property, blueprints, sensitive diagrams and other proprietary data,” Div added.

He also added that the “attack is thought by Cybereason to be one of the largest IP theft campaigns of its kind coming from China.”

In response to the allegations, Chinese Embassy spokesperson Liu Pengyu disproved the claims and denied the involvement of China to the cyberattacks attempt. 

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According to Pengyu, China “will never encourage, support or condone cyber attacks.”

“China opposes groundless speculation and accusations on the issue of hacker attacks. If the firm really care [sic] about global cyber security, they should pay more attention to the cyber attacks by the US government-sponsored hackers on China and other countries.” Pengyu added.

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