(National Sentinel) Theft: The Chinese are the biggest thieves of U.S. technology, according to a new report, stealing hundreds of billions worth of data a year.
The report by the Foundation for Defense of Democracies warns Chinese cyber espionage is the “single greatest threat to U.S. technology,” draining more than $300 billion a year from the economy.
â€œChina is engaged in wide-ranging cyber intrusions and network exploitations causing massive damage to U.S. and other foreign firms annually. By advantaging Chinese enterprises at the expense of competitors from the United States and its allies and partners, these attacks cumulatively degrade U.S. national security,â€Â saidÂ theÂ report, according toÂ Breitbart News.
The site noted further:
The Foundation attributed up to 80 percent of cross-border intellectual property theft worldwide, and over 90 percent of economic cyberespionage in the United States, to Chinese hackers. This rampant theft has allowed Chinaâ€™s state-run firms to steal what they need to erase the competitive advantages of pioneering American companies and â€œerode the United Statesâ€™ long-term position as a world leader in innovation and competitiveness,â€ including leadership in technology with military applications.
The report also describes China using cyberespionage as an instrument of â€œeconomic coercion,â€ citing the example of â€œsignificant cyber attacks from Chinaâ€ last year against the Lotte Group, the South Korean conglomerate that agreed to host Americaâ€™s THAAD anti-missile system on its property. The Chinese government also ceased e-commerce cooperation with Lotte and shut down almost all of its retail locations in China on flimsy pretexts.
And in 2015, China hacked the entire database belonging to the Office of Personnel Management, resulting in the theft of tens of millions of personnel records on current and former federal employees — including military personnel and those with top secret clearances.
The FBI’s National Security Division says China maintains a 30,000-person military hacker ‘army’ supported by 150,000 private-sector hackers who are all charged with stealing U.S. military secrets.
DHS Secretary Kristjen Nielson said this week that the U.S. is facing cyber threats on the level of the 9/11 attacks.
â€œDHS was founded fifteen years ago to prevent another 9/11. I believe an attack of that magnitude is now more likely to reach us online than on an airplane. Our digital lives are in danger like never before,â€ said Nielsen, noting that Congress should elevateÂ the cybersecurity division of Homeland Security to an agency the level ofÂ U.S. Customs and Border Protection, to deal with threatsÂ â€œat the highest levels since the Cold War.â€
In July, FBI Director Christopher Wray told NBC News that China was America’s most significantÂ long-term strategic threat.
He said that the FBI currently has counterintelligence and criminal investigationsÂ open in all 50 statesÂ regarding alleged or suspected Chinese industrial espionage.
In other words, China doesnâ€™t look toÂ develop its own technologies;Â they want to simply steal it from us.
â€œIt covers everything from corn seeds in Iowa to wind turbines in Massachusetts and everything in between,â€ Wray said of Chinaâ€™s spying/hacking/stealing efforts.