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Cyber-Ark Software (CYBR), SPDR S&P Kensho Future Security ETF – Press Release

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  • China accused a US spy agency of hacking a government-backed university with aerospace research programs. Bloomberg reports.
  • The National Security Agency’s Tailored Access Operations Bureau attacked Northwestern Polytechnical University in Xi’an, China’s National Computer Virus Emergency Response Center said.
  • The NSA has conducted over 10,000 “malicious” cyberattacks on Chinese targets in recent years and collected over 140GB of “great value” data, it said.
  • The NSA and the State Department have declined to comment.
  • The US and China are at odds over cyber espionage.
  • In July, the Federal Bureau of Investigation warned Western companies about China’s intentions to “loot” their intellectual property so that it can eventually dominate critical industries.
  • An analyst at the Australian Strategic Policy Institute confirmed a rise in specific Chinese allegations about US cyberattacks and urged the US to respond with specific details about Chinese espionage actors.
  • Recently, China has started directly blaming the US for cyberattacks and naming targets to raise public awareness and regain the diplomatic initiative, according to a cyber expert. In contrast, the US escalated its investments in espionage and surveillance of China and Russia.
  • A former CIA Europa station chief acknowledged that the “Chinese intelligence agents are equal to the Russians.”
  • China is already known for advanced cyber attacks like the 2021 microsoft corp MSFT Hack that compromised 30,000 organizations worldwide. Hackers linked to the Chinese government exploited a recently discovered vulnerability in Microsoft Office.
  • President Joe Biden’s American Jobs Plan provides $20 billion to counteract cyberattacks.
  • Photo by mohamed hassan via Pxhere

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