The government will pay consultants’ costs and help set up countermeasures.įinancial aid is an opening salvo. Now the government is stepping in to help them.Īngela Merkel, the German chancellor, has pledged to support small businesses unable to fight cyber-attacks. Half of Germany’s economic output comes from 3.5 million small and mid-sized companies with limited resources to fend state-sponsored hackers. It leads the world in advanced manufacturing patents, with 3,917 filed last year. Losses from espionage, data theft and sabotage surged to $65.3 billion. Recently, The Wall Street Journal reported that 65% of German manufacturing and technology companies were hit by cyber-attacks in 2016. While the pace of state-backed attacks has slowed, Chinese hacking has not gone away. utilities companies for Chinese competitors and state-owned enterprises.Ī year later, the United States and China agreed not to conduct cyber-theft of intellectual property. The cyber-thieves tried to steal trade secrets from U.S. Department of Justice indicted Chinese military hackers for cyber-espionage. They’re government employees working for our worst enemies. The most dangerous hackers may no longer be geeks working on the Dark Web. James Lewis, director of the Strategic Technologies Program at the Center for Strategic and International Studies, told The Wall Street Journal that Chinese companies have been able to direct the PLA and MSS to hack Western competitors.
It hires out top-notch hackers from the People’s Liberation Army (PLA) and the Ministry of State Security (MSS). The Chinese government doesn’t even bother hiding its motives anymore. Bloomberg reports that investigators now believe the thieves were state-sponsored. The size and scope of the attack is unprecedented. When Equifax Inc. (EFX) firewalls failed last month, the attack exposed the financial data of 143 million Americans. They are hacking government and corporate targets. These nation-state hackers are waging a cyber-war against the West. We are under attack by hackers who work for our most powerful enemies. In the real world, espionage is more bureaucratic, and the bad guys shoot straighter. They always have great gadgets, tropical islands and legions of hapless, expendable bad guys. In James Bond films, the villains are often eccentric billionaires bent on world domination.
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