House Intelligence Committee chair says $2 trillion has been lost
Chinese government-backed hackers have cost the United States nearly $2 trillion in “lost and stolen property” that was seized through illicit Internet attacks, Rep. Mike Rogers (R., Mich.), chairman of the House Permanent Select Committee on Intelligence, said Monday.
The theft of proprietary information and technology by the Chinese constitutes “the largest transfer of wealth illegally in the world’s history,” according to Rogers, who warned that the United States is not prepared to combat these cyber threats. Continue reading
Britain is seeing about 70 sophisticated cyber espionage operations a month against government or industry networks, British intelligence has told the BBC.
GCHQ director Sir Iain Lobban said business secrets were being stolen on an “industrial scale”. Continue reading