The Bull

Monday 18

February, 2019 5:07 AM



Surge in China theft of Australia company secrets: report

Surge in China theft of Australia company secrets: report

China has sharply escalated cyberattacks on Australian companies this year in a "constant, significant effort" to steal intellectual property, according to a report published Tuesday.

Share |

20.11.2018 03:45 PM

China has sharply escalated cyberattacks on Australian companies this year in a "constant, significant effort" to steal intellectual property, according to a report published Tuesday.

The investigation by Fairfax Media and commercial broadcaster Channel Nine comes just days after US Vice President Mike Pence accused Beijing at the APEC summit of widespread "intellectual property theft".

The report said China's Ministry of State Security was responsible for "Operation Cloud Hopper", a wave of attacks it said were detected by Canberra and its partners in the "Five Eyes" intelligence alliance -- the US, Britain, Canada and New Zealand.

An unnamed senior Australian government official told Fairfax the activity was "a constant, significant effort to steal our intellectual property", while other officials expressed frustration that firms and universities were not tightening their security.

Cyber experts echoed the government sources, with US cybersecurity company CrowdStrike saying they "noticed a significant increase in attacks in the first six months of this year".

"The activity is mainly from China and it's targeting all sectors. There's no doubt the gloves are off," CrowdStrike vice-president Mike Sentonas told Fairfax.

The alleged attacks took place despite an agreement between Canberra and Beijing last year "not to conduct or support cyber-enabled theft" of intellectual property and other commercial secrets.

Australian government officials did not immediately respond to requests for comment.

Western governments have long accused hackers in China of plundering industrial, corporate and military secrets.

Last year, sensitive data about Australia's F-35 stealth fighter and P-8 surveillance aircraft programmes were stolen when a defence subcontractor was hacked with a tool widely used by Chinese cyber criminals.

In 2016, a security breach on the Bureau of Meteorology's system, which has connections to the defence department, was linked, by media, to China.
Archive
  • Trump to get update on China trade talks

    US duties on $US200 billion worth of Chinese imports are set to rise to 25 per cent from 10 per cent if no deal is reached by March 1 to address US demands

  • SA govt unveils Repat Hospital plan

    The South Australian government has unveiled its master plan to redevelop Adelaide's Repatriation Hospital.

  • US-China talks to boost Aussie market

    Australia's share market is tipped to open higher on Monday after optimism surrounding US and China trade talks.

  • The Week Ahead

    In Australia, the December quarter Wage Price Index release dominates the local agenda in the coming week.

  • ASX closes flat as more companies report

    The Australian sharemarket has managed to finish in positive territory as more companies reported earnings results.

  • Stocks to watch

    Stocks of interest at the close of trade on the ASX on Thursday, February 14.

  • Germany to let NATO use its cyber skills

    Germany is to join the ranks of NATO countries making its cyber warfare skills available to the alliance to help fight hacking and electronic warfare, officials said on Thursday.

  • Domain posts $156.4m loss as listings fall

    Domain's first-half loss has widened to $156.4 million after Sydney and Melbourne's stumbling property markets forced it to take a large non-cash impairment.

  • Farmer denies scaring vegans with gunshot

    A WA farmer who asked vegans to stop filming calves on his property and leave, then fired a shot into farmland, says he wasn't trying to scare them.

  • CommSec Daily Report Friday

    The local sharemarket is mostly flat so far in a choppy session of trade. The ASX 200 is marginally higher by 6 points or 0.1% to 6066 points towards lunch after trading in a narrow 18 point band...

Markets
Index: Points Change Percent

PLEASE SUPPORT OUR SPONSORS, AUSTRALIA'S LEADING BROKERS:



© Copyright TheBull.com.au. All rights reserved.