FBI: Iran to Launch New Cyber Attacks

Iranian cyber attacks on institutions

 

Iranian hackers poised for wide-ranging strikes in retaliation for U.S. leaving nuclear deal

The FBI is warning that Iranian hackers could conduct new cyber attacks on American businesses and government networks in response to the Trump administration’s withdrawal from the Iran nuclear deal.

“The FBI assesses foreign cyber actors operating in the Islamic Republic of Iran could potentially use a range of computer network operations—from scanning networks for potential vulnerabilities to data deletion attacks—against U.S.-based networks in response to the U.S. government’s withdrawal from the Joint Comprehensive Plan of Action (JCPOA),” the FBI said in a cyber alert to U.S. businesses. Continue reading

House cybersecurity chairman warns: First Sony, next the electric grid, Wall Street

Don’t limit the list of potential enemy nation-states to just N. Korea and Iran. China and Russia both have the capability and are known to have already probed American cyber defenses. By the time legislation is passed, which can sometimes take months in itself, or by the time something is implemented, it could be years later — which is too little, too late. Global Geopolitics has warned about cyberwarfare and its danger to America for years.

 

Rep. Patrick Meehan, chairman of the House Committee on Homeland Security’s Subcommittee on Cybersecurity, said the Sony attack and potential for a more widespread Internet invasion by U.S. enemies demands that President Obama sign pending cybersecurity legislation into law and look to other efforts to protect homegrown technology.

“American businesses, financial networks, government agencies and infrastructure systems like power grids are at continual risk. They’re targeted not just by lone hackers and criminal syndicates, but by well-funded nation-states like North Korea and Iran. A lack of consequences for when nation states carry out cyberattacks has only emboldened these adversaries to do more harm,” he added. Continue reading

China’s State-Funded Company Looks to Profit Off US Patents

Company founded to blackmail US innovators could damage US economy

The Chinese regime is getting into the patent trolling business, having set up a company that will start suing American companies for patent fraud. Experts believe the new Chinese company, which the regime seeded with $50 billion in fluff patents, could be detrimental to American innovation.

Patent trolls, officially called patent assertion entities, are companies that produce no goods. They make their profits by buying vague and outdated patents, then suing other companies for violating their patents. According to a press release from the nonprofit Citizen Outreach, patent trolls cost the U.S. economy $29 billion a year and destroy jobs.

China’s shiny new patent troll is a company called Ruichuan IPR Funds. The company is based in China’s main technology hub in Zhongguancun, Beijing. Continue reading