Thursday, November 3, 2011

U.S. Report: China World’s Biggest Cyber Thief

Nov. 3 (Bloomberg) -- U.S. intelligence officials called China the world’s biggest perpetrator of economic espionage in a report that says the theft of sensitive data in cyberspace is accelerating.

Hackers and illicit programmers in China and Russia are pursuing American technology and industrial secrets, jeopardizing an estimated $398 billion in U.S. research spending, according to the report released today by the National Counterintelligence Executive, the agency responsible for countering foreign spying on the U.S. government.

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