Breaking News

Five Chinese Military Officers Charged with Hacking into American Companies
Download PDF

Washington Officials have argued for years over cyber espionage, it is one of the nation’s top national security concerns because foreign hackers have stolen secrets from defense contractors as well as technology secrets that could possibly threaten U.S. prosperity.

In the toughest action taken by Washington to address cyber spying, according to Reuters, a U.S. grand jury has indicted five Chinese military officers on charges of hacking into American companies for information on nuclear plant design, solar manufacturing and other secrets. The U.S. companies involved are in nuclear energy, steel manufacturing and solar energy.

  
What
Where


China denied the charges and said that they were “made up,” and this would damage trust between the two nations. Reuters has reported that the Chinese foreign ministry has said that it would suspend the activities of a Sino-U.S. Internet working group.

According to the L.A. Times, Attorney General Eric H. Holder Jr. said at a news conference in Washington that the hacked companies and organizations included U.S. Steel Corp., Westinghouse, Alcoa, Allegheny Technologies, the United Steel Workers Union and U.S. subsidiaries of Solar World, a German company.

Officials have declined to estimate the size of the losses to the U.S. companies at issue, but said they were “significant.” Frank Asbeck, Solar World CEO said in a statement according to Reuters that, “We are happy that the American government is taking the initiative now and we support the U.S. authorities’ investigations to investigate this under criminal law.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Monica Orbe, an Alcoa spokeswoman said that, “To our knowledge, no material information was compromised.” Reuters has also reported that U.S. Steel declined to comment on the issue.

“This is a case alleging economic espionage by members of the Chinese military…to advantage state-owned companies and other interests in China,” U.S. Attorney General Eric Holder reported at a recent press conference, according to the National Post.



Image credit: www.cbc.ca

 

SEARCH IN ARCHIVE

Most Popular

Legal Career Resources

June 21, 2016 Why the Law Firm Associate Salary Increase Is a Bad Thing

Summary: With the happiness of a bigger paycheck come repercussions for many of the law firms that can’t afford to keep up with the top law firms. Read the Top 10 Reasons Why High Junior Associate Salaries Are Destroying the […]

read more
To Top