ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • National Highway construction slows to 20.43 km per day in first 4 months of current fiscal
  • Independence Day Special: How investment habits, preferences of people have changed over the past 75 years
  • BMW M4 Competition Coupé 50 Jahre M Edition: Price and features | Photos
  • Financial Independence for Women: top investment tips for the other half to make them independent moneywise
Read in App
Business News » World News

U.S. initiative warns firms of hacking by China, other countries

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

The Trump administration on Monday launched a drive to push U.S. firms to better protect their trade secrets from foreign hackers, following a slew of cases accusing individuals and companies of economic espionage for China.

U.S. companies hit by recent attacks included Hewlett Packard Enterprise Co and International Business Machines Corp

The National Counter-Intelligence and Security Center, which coordinates counter-intelligence efforts within the U.S. government, launched the outreach campaign to address persistent concerns that many companies are not doing enough to guard against cyber theft.

The Center is worried about cyber attacks on U.S. government agencies and the private sector from China, Russia, North Korea and Iran.

Top corporate executives and directors should “know the intent of our adversaries and what they are trying to do economically to gain the upper hand,” William Evanina, a veteran FBI agent who oversees the center, said in an interview. “We are not saying don’t invest in China or with China, but know the risk.”

The drive targets trade associations across the United States and their members. Videos, brochures and online informational materials describe the threat posed by cyber espionage and other methods used by foreign intelligence services.

One brochure details methods hackers use to break into computer networks and how they create fake social media accounts to deceive people into revealing work or personal details. It outlines ways to protect information, such as researching apps before downloading them and updating anti-virus software.

The first parts of this administration outreach effort called “Know the Risk, Raise Your Shield," focused mainly on federal workers. The new phase follows a series of cases announced by the U.S. government against individuals and firms for allegedly stealing government secrets and proprietary information from U.S. companies for China`s benefit.

Nine cases announced since July 2018 included the unsealing last month of an indictment of two alleged hackers linked to China’s main spy agency on charges that they stole confidential government and corporate data. The pair allegedly belonged to a hacking ring known as APT 10.

Evanina said the new campaign also focuses on what he called Moscow’s “aggressive, persistent attacks” on computer networks of critical U.S. infrastructure, which includes power grids and communications, financial and transportation systems.

China and Russia have repeatedly denied conducting such attacks.

The most serious threats now facing companies, Evanina said, are efforts to plant malicious software in components purchased from suppliers or to substitute counterfeit parts for genuine products.

Companies need to take greater care to counter those efforts and in vetting new hires because of the growing danger of employing people acting for foreign powers, he said.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Mon, Jan 07, 2019
09:30 pm
Reuters
RELATED NEWS
Money Guru: As India gears up for 75th Independence Day celebration, where should you invest for benefit in New India? Expert decodes Money Guru: As India gears up for 75th Independence Day celebration, where should you invest for benefit in New India? Expert decodes
UK economy contracts in 2nd quarter as recession fear grows UK economy contracts in 2nd quarter as recession fear grows
July retail inflation softens to 6.71% from 7.01% in June July retail inflation softens to 6.71% from 7.01% in June
OPEC cuts oil demand forecasts as economic growth slows OPEC cuts oil demand forecasts as economic growth slows
India to be fastest growing economy this year - What government source said India to be fastest growing economy this year - What government source said

LATEST NEWS

31 new malls coming soon in India: Set to spawn massive jobs, employment opportunities

HBSE Compartment Result 2022: Class 10,12 marks released on Haryana board website bseh.org.in - details here

Ensure loan recovery agents do not resort to harassment while collecting debts: RBI tells companies

Azadi Ka Amrit Mahotsav: ITC launches integrated initiatives to support Har Ghar Tiranga campaign to mark 75 years of Independence

Asus ROG Zephyrus G15 quick review: Powerful machine for gamers

LIC Quarterly Results: Announced! Check Q1 profit of Life Insurance Corporation

Will NEET-JEE merge with CUET? Here's what UGC proposed | Check details

Money Guru: As India gears up for 75th Independence Day celebration, where should you invest for benefit in New India? Expert decodes

Noida twin towers demolition: 3500 kg explosive, 9400 holes; how 100-metre tall structures will be razed

Never Have I Ever season 3 released in India on this OTT platform

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV