A China-US Tech War Will Cost the World Dearly

China-US Tech War is on!
China-US Tech War is on!

Beijing has ordered its state-owned companies to cut ties with American consulting firms like McKinsey and Boston Consulting Group out of concern that they may leak state and trade secrets to American spooks, according to the Financial Times.

This news came just a few days after the American Justice Department publicly indicted five serving Chinese military officers on alleged corporate espionage charges. The unprecedented US move is part of a broader strategy to hit back at China’s growing cyber-attacks on American companies as well as government agencies.

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China Calls on U.S. to Stop Unscrupulous Spying

The United States is spying on China
The United States is spying on China

THE ASSOCIATED PRESS
China called for a halt Tuesday to what it called unscrupulous U.S. cyberspying, saying that a monthslong investigation into reports on the “ugly face” of U.S. espionage has concluded that China is a major target of those efforts.

The complaint in the form of a government agency report comes a week after U.S. prosecutors charged five Chinese military officers with hacking into American companies to steal trade secrets.

Read more here.

 

2-Hackers Raid eBay in Historic Breach

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BOSTON, May 21 (Reuters) – EBay Inc said that hackers raided its network three months ago, stealing some 145 million user records from a database in what is poised to go down as one of the biggest data breaches in history based on the number of accounts compromised.

It advised customers to change their passwords immediately, saying they were among the pieces of data stolen by cyber criminals who carried out the attack between late February and early March.

Read the whole story here.

China Bans Government Purchases of Windows 8, Surprising Microsoft

Windows 8 banned in China
China is banning Windows 8 devices from at least some government IT purchases, in a mysterious move that took Microsoft off guard.

The ban came from China’s Central Government Procurement Center, which posted a brief notice last Friday on new requirements for government tenders. Among the demands is that Windows 8 be excluded from the bidding process on computer purchases.

Microsoft said Tuesday that it was surprised to see Windows 8 referenced in the Chinese government notice. But the company added that it was working to ensure all its software meets government procurement requirements.

“We have been and will continue to provide Windows 7 to government customers,” the company said in an email. “At the same time we are working on the Window 8 evaluation with relevant government agencies.”

Windows 8 usage is still low in China, with less than 2 percent market share, according to Internet analytics site CNZZ.com. The OS was built for touchscreens, but some have complained that Windows 8 offers a convoluted interface that mashes together tablet and PC uses.

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China Lures More Investment

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China’s economic growth may be slowing, but for global auto makers, the Middle Kingdom is still the land of opportunity.

Top executives of the world’s largest auto makers spent Easter weekend at Beijing’s big auto show pledging allegiance to the world’s largest car market, outlining billions in new investments for factories and technical centers, and hawking new models tailored for the country’s affluent young.

http://online.wsj.com/news/articles/SB10001424052702304788404579521510670705136

US charges Chinese with espionage

US Justice Department Charges Chinese with Hacking

US charges Chinese with espionage The United States charged five Chinese army officers with hacking into private-sector American companies.

This is the first cyber-espionage case of its kind. US prosecutors say the officers stole trade secrets and internal documents from five companies and a labor union.

Those companies were Westinghouse Electric, US Steel, Alcoa Inc, Allegheny Technologies, SolarWorld, and the US Steelworkers Union. ttp://www.bbc.com/news/world-us-canada-27475324