U.S. may be considering sanctions against China over cyberthefts

By midian182 ยท 5 replies
Aug 31, 2015
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  1. The United States government is considering imposing economic sanctions against Chinese companies and individuals that it believes have benefitted from the cybertheft of US trade secrets, according to a Washington Post report.

    It’s still undecided as to exactly what form the sanctions will take, but “a final call is expected soon—perhaps even within the next two weeks,” according to several administration officials quoted off the record. The sanctions are primarily aimed at firms that made use of the data from Chinese-based hackers who sources say have “stolen everything from nuclear power plant designs to search engine source code to confidential negotiating positions of energy companies.”

    The sanctions could range from barring transactions with accused firms and individuals, through to freezing the assets of accused companies. It’s been pointed out that although US government cyberthefts originate from many countries, such as Russia and Turkey, China is “by far the most active.” The FBI said that economic espionage cases surged 53 percent in the past year, and that China accounted for most of that. The Chinese Government has repeatedly denied any involvement in the activity.

    The sanctions would mark the first use of an executive order signed by President Obama in April that gives the administration authority to impose penalties on individuals and entities overseas who engage in destructive attacks or commercial espionage in cyberspace.

    Speaking about the order at the time, the President said:

    [we are] giving notice to those who pose significant threats to our security or economy by damaging our critical infrastructure, disrupting or hijacking our computer networks, or stealing the trade secrets of American companies or the personal information of American citizens for profit. From now on, we have the power to freeze their assets, make it harder for them to do business with U.S. companies, and limit their ability to profit from their misdeeds.

    The report comes as Chinese President Xi Jinping prepares for his first state visit in September amid heighten tensions between the two countries. China has repeatedly clashed with the US over the former’s territorial disputes and aggressive actions in the South China Sea. If these sanctions do come into effect, they would likely damage Sino-American relations even further.

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  2. trparky

    trparky TS Addict Posts: 249   +117

    About freakin' time!
  3. psycros

    psycros TS Evangelist Posts: 1,877   +1,298

    Meanwhile the feds keep handling out H1Bs like candy to any company that wants to replace their skilled and loyal US workforce. 30% of all Chinese tech professionals working in America are either being investigated for espionage or have already been charged. Not a week goes by without a Chinese national getting stopped at the airport preparing to flee with confidential data. The entire Chinese economy is built on slave labor and theft of intellectual property.
  4. mrjgriffin

    mrjgriffin TS Addict Posts: 248   +110

    Lets just bomb the **** out of everyone and be done with it
  5. Archean

    Archean TechSpot Paladin Posts: 5,690   +96

    Apparently, all this hype is nothing more than a smokescreen by US Govt. to hide its own similar activities. So I don't see much worth in such in news. In case someone wants examples here are few:

    Angela Merkel's Government 'aware of US attempts to spy on France & European Companies
    Berlin aided NSA in Economic Spying against German Companies
    Targeting Huawei: NSA Spied on Chinese Govt & Networking Firm

    Fact is, everyone spies on everyone else (including their friends) to gain strategic advantage of sorts, hence, the constant activity of keeping up with happenings all over the world. So all these alarmist stories are nothing but .... what they are.
    GeforcerFX likes this.
  6. Not sure why anyone in the US is surprised. You did send ALL your jobs over there; why would you expect a different results?

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