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China rebuffs US cyber-crime claims

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By John Glenday, Reporter

May 20, 2014 | 2 min read

China has engaged in a war of words with the US after a grand jury indicted five Chinese army officers with conspiracy to commit computer fraud against western companies.

Accusing the US of ‘hypocrisy and double-standards’ China summoned the US ambassador to Beijing over the claims and warned relations between the two nations would be damaged as a result of the dispute.

For its part the US acknowledges undertaking espionage but insists it does not target foreign companies with the aim of handing over sensitive information to the advantage of domestic firms.

Commenting on the affair Steve Hultquist, CIO/VP customer success at RedSeal Networks said: “Cyber-espionage has moved from black ops to career path and regardless of the outcome of the current US/China situation, the message to US companies is loud and clear: Somewhere, experts are being paid to break into your network, and efforts to protect it are critically important.

“Most companies today remain focused on reacting to attacks that are in-progress, and it’s not enough. They need to get a handle on their real vulnerabilities and make sure their security investments are properly deployed and configured to isolate and protect key assets against modern attacks.

“We virtually never encounter a network that doesn't have major vulnerabilities--from misconfigured firewalls to slipshod connectivity. And until they remedy these situations, it’s open season for U.S. companies, whether they’re targeted by other governments, coordinated hacker groups or a lone wolf with a grudge.”

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