DNI: Chinese hacking against U.S. companies is ‘ongoing’ but ‘significantly reduced’
Chinese hacking against U.S. targets is ongoing but “at volumes significantly lower” than before the landmark agreement reached in 2015 between Beijing and Washington D.C., according to the Director of National Intelligence Dan Coats. Former President Barack Obama and Chinese President Xi Jinping signed a deal in 2015 after cyberattacks that included widespread intellectual property theft for commercial gain, along with soft attribution that prompted threats of sanctions and other retaliation. Coats’ comments came in front of the Senate Armed Services Committee Tuesday during a hearing on worldwide military threats faced by the United States. Almost two years after the agreement was signed, Coats’ assessment notes significant progress on the cybersecurity front between the world’s two biggest economies. “We assess that Beijing will continue actively targeting the U.S. government, its allies, and U.S. companies for cyber espionage,” Coats said in his written testimony. “Private-sector security experts continue to identify ongoing cyber […]
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