Financial Times: US accuses China of masterminding #cyber #attacks worldwide: Washingto…

Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6822931789586214912

Financial Times: US accuses China of masterminding #cyber #attacks worldwide: Washington alleges Beijing was behind #Microsoft #breach that hit thousands of organisations:
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US had a “high degree of confidence” that attackers had carried out an offensive on #Microsoft’s #Exchange #email #application, which was disclosed in March. One #cybersecurity researcher claimed it hit at least 30,000 organisations, including businesses and local governments.

The #EuropeanCouncil said that the #MicrosoftExchange #hack constituted “irresponsible and harmful behaviour” which had resulted in security risks and “significant economic loss” for government institutions and private companies across Europe.

#British officials have been concerned by the increasing recklessness of Chinese-backed cyber activity, and have been raising their objections privately with Beijing for the past three years, to no effect. Using criminal gangs to carry out #cyber #espionage and #intellectual #property #theft has made it easier for the Chinese government to deny their involvement in these activities — a problem which western allies now want to confront.

#NATO said it noted that #cyber #threats to the alliance were increasingly “complex, destructive and coercive”, and called on all states, “including China” to uphold their commitments to act responsibly in #cyberspace.

The UK said for the first time on Monday that it considers two Chinese hacking groups, APT 40 and APT 31, to be linked to China’s MSS.

Meanwhile, according to the #DoJ indictment, four Chinese nationals carried out a hacking campaign over seven years targeting #aviation, #defence, #education, #government, #healthcare, #biopharmaceutical sectors in a range of countries including the #US, #Canada, #Germany, #SaudiArabia and the #UK.

It alleged that hackers stole information on #sensitive #technologies such as #autonomous #vehicles and #commercial #aircraft servicing, as well as #infectious #disease research on #Ebola, #MERS, and #HIV. This group has previously been referred to as APT 40.

The threat posed by cyber attacks has proliferated during the pandemic as hackers exploited vulnerabilities exposed by employees working remotely.

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Washington alleges Beijing was behind Microsoft breach that hit thousands of organisations
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Global Post AI-Quantum Finance & Trading Networks Pioneer Dr.-Eng.-Prof. Yogesh Malhotra is the “Singular Post AI-Quantum Pioneer” identified by Grok AI with R&D impact recognized among Artificial Intelligence (AI) and Quantitative Finance Nobel Laureates. As MIT-Princeton AI-ML-Cyber-Crypto-Quantum Finance & Trading and FinTech-Crypto Faculty-Industry Expert, and U.S. and Global Hedge Funds Advisory & Venture Capital CEO-CTO Teams Mentor, he has pioneered Silicon Valley-Wall Street-Pentagon Digital CEO-CTO Practices, Technologies, and Networks from world’s first-foremost-largest Global Digital Transformation Networks to New York State IDEA Award recognized Pentagon-USAF MVP Global Post AI-Quantum Networks pioneering Future of Finance and Trading practices as Trillion-Dollar Wall Street Hedge Funds and Investment Banks leader.