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Chinese Hackers Stole ‘Trillions’ in IP Secrets – CBS

State hackers stole technology secrets from about 30 multinationals in the energy, manufacturing and pharmaceutical fields in East Asia, Europe and North America since 2019, it said


Cybereason said the hackers targeted intellectual property developed by the victims, including sensitive documents, blueprints, diagrams, formulas, and manufacturing-related proprietary data. File photo: Reuters.

 

A US cybersecurity firm has revealed details of a malicious cyber theft campaign run since at least 2019 by the ‘notorious’ Chinese state hacking group APT 41 (or Winnti), which reportedly stole intellectual technology secrets from about 30 multinational companies in the energy, manufacturing and pharmaceutical sectors in East Asia, Western Europe and North America, a report by CBS News says.

Cybereason, in Boston, estimated the value of trade secrets stolen in the IP heists – such as blueprints, diagrams of fighter jets, helicopters, and missiles, plus formulas for drugs linked to diabetes, obesity and depression – was probably worth trillions of dollars if calculated over a period of years, the report said.

Read the full report: CBS News.

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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