Chinese hackers starting to return focus to U.S. corporations

Security researchers recently found a hacking group with suspected ties to the Chinese government engaged in what appears to be corporate espionage against multiple U.S. companies. The findings underscore an emerging, albeit opaque trend in which hackers linked to Beijing are conducting economic, cyber-enabled espionage, despite the Chinese Communist Party agreeing to stop such activity against the U.S. as part of a 2015 agreement between Chinese President Xi Jinping and U.S President Barack Obama. Experts say the 2015 truce resulted in a noticeable downturn in economic espionage. But there are signs the agreement may be deteriorating under the Trump administration.  According to recent research by multinational services giant PwC, a hacking group known as “KeyBoy” has returned to the fold with a data theft campaign aimed primarily at Western organizations. The operation, PwC Threat Intelligence Analyst Bart Parys told CyberScoop, shows the continued technical development of a previously reported group that has apparently […]

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Iranian hackers heisted U.S. defense software for clients blocked by sanctions, indictment says

A group of Iranian hackers broke into multiple U.S. defense contractors between 2007 and 2013 in order to steal intellectual property, software and other proprietary information that they then sold to foreign enterprises and governments, including the Iranian government, according to a newly unsealed indictment by the Department of Justice. The indictment, published Monday, effectively shows how the Iranian government may have been able to circumvent previous export sanctions tied to the sale and purchase of U.S. defense technology by employing a group of contracted freelance hackers who would steal software products through a network of compromised computers based in the United States. The hackers allegedly stole software from Vermont-based engineering consulting and software design company Arrow Tech Associates and sold it to Iranian clients. The product, PRODAS, is a software platform designed for aerodynamics analysis and design for projectiles. It sells for $40,000 to $800,000, and customers receive a dongle to download a software license from […]

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Starting Up Smart & Trade Secrets – Startup Security Weekly #43

The six secrets to starting smart, a startup’s guide to protecting trade secrets, knowing what your customers value, and more startup articles for discussion! Full Show NotesVisit http://securityweekly.com/category/ssw/ for all the latest episodes! http://traffic.libsyn.com/sswaudio/Startup_articles_and_Discussion_Startup_Security_Weekly_43_converted.mp3 Continue reading Starting Up Smart & Trade Secrets – Startup Security Weekly #43