Executive Briefings

Despite Cybersecurity Agreement, Chinese Hackers Reportedly Still Stealing U.S. Companies' Data

With President Xi Jinping of China beside him at a news conference in the White House Rose Garden last month, President Obama said the two had come to an agreement that China and the United States would refrain from cyberattacks aimed at pilfering company intellectual property or trade secrets for commercial advantage.

Despite Cybersecurity Agreement, Chinese Hackers Reportedly Still Stealing U.S. Companies' Data

Less than a day after that announcement and after Xi had met in Seattle with the executives of leading American technology companies, a hacking group accused of having links to the Chinese government attacked one such company, looking for trade secrets.

In a recent blog post, the security services provider CrowdStrike, based in Irvine, Calif., said that it had tracked a number of attacks on American tech and pharmaceutical companies leading up to and after Xi's visit to the United States last month.

“We detected and stopped the actors, so no exfiltration of customer data actually took place,” according to the post, written by the CrowdStrike co-founder and chief technology officer Dmitri Alperovitch.

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Less than a day after that announcement and after Xi had met in Seattle with the executives of leading American technology companies, a hacking group accused of having links to the Chinese government attacked one such company, looking for trade secrets.

In a recent blog post, the security services provider CrowdStrike, based in Irvine, Calif., said that it had tracked a number of attacks on American tech and pharmaceutical companies leading up to and after Xi's visit to the United States last month.

“We detected and stopped the actors, so no exfiltration of customer data actually took place,” according to the post, written by the CrowdStrike co-founder and chief technology officer Dmitri Alperovitch.

Read Full Article

Despite Cybersecurity Agreement, Chinese Hackers Reportedly Still Stealing U.S. Companies' Data