EXCLUSIVE: Global Banking System Infiltrated by Chinese State Hackers

Economic warfare via economic espionage is exactly what this is, without a doubt. As the article states, these are shots being fired at America and the Western financial system. The goal, a means to an end, is to create a lack of confidence in the system and eventually provide an alternative to the United States-dominated world.

 

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A screenshot, provided to Epoch Times by an insider, shows the security certificate of a Mexico-owned bank money transfer network in New Jersey being exfiltrated. Hackers can use the certificate to send communications through the company’s networks, which its recipients would automatically validate.

 

 

Hackers employed by the Chinese state are making a profit selling access to breached banks to organized crime groups

A group of cybercriminals has breached and mapped the global banking system, and in a series of attacks has so far stolen $81 million from the central bank of Bangladesh. Experts believe the attacks were done using fraudulent messages on a money transfer network connected to the banking system.

Investigations into the ongoing attacks are still underway, and related attacks on other banks are still being uncovered. Some experts are pinning the attack on hackers from North Korea, since the tools they used share similarities to the November 2014 hack of Sony Pictures Entertainment.

According to an insider with direct knowledge of the recent attacks, however, the culprit behind the digital bank robberies is much larger. The insider requested to remain anonymous due to security concerns, and was able to provide evidence to support his claims. Continue reading

PLA building fleet of 100 large transport aircraft

China's Xian Y-20 large transportation aircraft. (Internet photo)

 

China is building a fleet of a hundred large transport aircraft that will be able to deploy troops all around the world, according to a Russian military expert.

In an article published Oct. 16 on the Russian Council website, Vasily Kashin, a China expert at the Centre for Analysis of Strategies and Technologies in Moscow, says that the People’s Liberation Army hopes to complete the project by 2020.

To reach that goal, China is in the process of acquiring Il-76 multi-purpose four-engine strategic airlifters and Il-78 four-engined aerial refueling tankers from Russia, Belarus and Ukraine, and is also developing its own Xian Y-20 large military transport aircraft.

According to Kashin, the quality of China’s military technology has reached a new level, such that the PLA is now a modernized force capable of fighting a technically advanced war. The new generation PLA has a blue-water navy and maritime force capable of operating across the deep waters of open oceans as well as a powerful strategic air force, he wrote. Continue reading