Last month in the White House Rose Garden, President Barack Obama and Chinese President Xi Jinping stood side-by-side and hosted a news conference on the topic of corporate cyber attacks. In the news conference, President Obama stated that both China and the United States would refrain from cyber attacks aimed at pilfering company intellectual or trade secrets for commercial advantage. However, events following the news conference are raising questions on whether this agreement is going to be upheld.
The first of such events came the day following the announcement of the two-nation agreement. While President Xi was meeting with the executives of several American technology companies in Seattle, a hacking group who is believed to have links to the Chinese government attacked one such company looking for trade secrets. In a blog post on Monday, security services provider CrowdStrike said that it had tracked a number of attacks on American technology and pharmaceutical companies leading up to and closely following President Xi’s visit to the U.S. For the full article click here
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