China's cybersecurity agency says U.S. hackers stole technology secrets

According to the South China Morning Post, a Chinese cybersecurity agency claimed that U.S. intelligence agencies conducted “cyberattacks” on two technology companies and stole their trade secrets.

According to the South China Morning Post, the non-governmental China National Computer Network Emergency Technical Response Team/Coordination Center issued a statement this week detailing the attacks, adding that it had discovered and “handled” them.

The cybersecurity agency said the two technology companies that were attacked included a data company and an advanced materials design research unit. It added that hackers used Trojan viruses and backdoors to compromise their servers.

The statement comes as U.S. security agencies and officials accuse Chinese hackers of infiltrating multiple U.S. telecommunications companies and stealing massive amounts of data in what is “the largest telecommunications hacking attack” in U.S. history. Officials said the hackers were backed by the Chinese government.

Read the full report: South China Morning Post

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Visakha Saxena

Vishakha Saxena is Asia Finance’s multimedia and social media editor. She has worked as a digital journalist since 2013 and is an experienced writer and multimedia producer. As a trader and investor, she is interested in the new economy, emerging markets, and the intersection of finance and society. You can write to her: [email protected]