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China Reportedly Hacked Chamber Of Commerce : NPR - 0 views

  • That's called social engineering and it's a widely used technique, especially by Chinese hackers.
  • ou say Chinese hackers and there's been a lot of reports about cyber espionage stemming from China. What's going on here? GJELTEN: You know, Lynn, all the cyber security people we talked to say there's just a ton of cyber espionage coming out of China these days. Hackers are stealing technological secrets, trade secrets, computer code, design plans, you name it. The security people say it's like a vacuum cleaner approach. They just suck up everything they find.
  • But what's behind this is that China wants to catch up to the west. Now, they don't have the business environment to support innovation. You don't see the Chinese equivalent of companies like IBM or Google or Apple popping up there, so rather than develop their own ideas and technology, they just steal it. That's the background here. At least, that's what we hear from U.S. intelligence officials and security people. NEARY: And the Chinese government's not acknowledging any role in this attack on the chamber of commerce? GJELTEN: They say there's no evidence, but cyber security people who have investigated other intrusions blamed on China say it's pretty easy to tie them back there and it's hard to see how the government would not be involved in some way, given the way China works. Chamber officials say they have no doubt that this intrusion did come from China.
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Secret Cable: China Said To Coordinate Google Attack : NPR - 0 views

  • Google reported in January 2010 that its computer infrastructure in China had been hit by a "highly sophisticated" attack that resulted in the theft of company secrets. Google also said it had evidence that a goal of the attackers was to gain access to the Gmail accounts of Chinese human-rights activists.
  • At the time, the company did not blame the Chinese government for the intrusion. But shortly thereafter, a U.S. diplomat in Beijing confidentially cabled Washington that "a well placed contact" was claiming the Google attack had been "coordinated" by the Chinese government "at the Politburo Standing Committee level."
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China's Cyber Threat A High-Stakes Spy Game : NPR - 0 views

  • The cloak-and-dagger world of corporate espionage is alive and well, and China seems to have the advantage. Their cyber-espionage program is becoming more and more effective at swiping information from America's public and private sectors. The U.S. government has even blamed
  • China publicly for hacking American industries
  • but Chinese hackers have even broken into and stolen plans from American furniture manufacturers.
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  • "You can see the immediate economic benefit: You don't have to pay for the design, you can build it cheaper, and you can offer the same product at a lower price," he says. "That hurts our economy."
  • "Those are 10,000 jobs that would be in this economy, that would employ Americans, that are gone because of Chinese economic espionage," he says.
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Steel companies braced for price falls - FT.com - 0 views

  • October 9, 2011 2:46 pm
  • The steel industry faces tough times with companies braced for falling prices as buyers delay orders because of extreme nervousness about global economic weakness.
  • China. The country has been the chief locomotive in driving up the expansion of the global industry.
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  • aid he foresaw the turbulence spilling over into 2012 – a year he said was likely to be marked by “short-term economic and financial issues impacting long-term economic sustainability”.
  • According to a survey for the Financial Times by six industry experts, growth in world steel shipments is set to slow to 4.9 per cent next year after a likely 6.6 per cent this year.
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When Foreign Countries Want to Buy into U.S. Nuclear Power Plants - What Then... - 0 views

  • For example, U.S. national policy makers have worked to make sure sensitive military and defense technology and production remain with American companies.
  • After 9/11, concerns grew that foreign ownership of U.S. infrastructure could increase our vulnerability to terrorist attacks. One example is the heated debate triggered by the 2006 purchase of a company that ran U.S. ports by the United Arab Emirates-owned company Dubai Ports World. (Dubai Ports eventually sold its interests to a U.S. company.) More recently, globalization of the nuclear industry and the weak U.S. economy have attracted significant levels of foreign investment in the U.S. nuclear industry
  • The Atomic Energy Act prohibits the NRC from issuing a license to any entity that the Commission believes is “owned, controlled or dominated by an alien, a foreign corporation or foreign government.” Broadly speaking, the foreign ownership prohibition protects the “common defense and security” of the United States, even though this may prevent some nations from participating in U.S. nuclear joint ventures.
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  • mitigate foreign control issues
  • Len Skoblar March 1, 2011 at 6:53 am Actually, I think the time has come to end this dance. Energy is a strategic commodity…period. Our country’s very survival depends upon it. So let us dispense with the distraction (and risk) that “foreign investment” brings to the dance. The US government should subsidize indigenous energy production in all its manifestations and forms to eliminate the need for foreign investment. That would be tax dollars well spent. And NRC could then bring even more focus and resources to its primary mission….nuclear safety.
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