Chinese Take Out: the start of a wave of China-sponsored cybercrime that will seek out vital trade secrets?

Chinese Take Out Nathan Vardi, 07.25.05

The Middle Kingdom isn't just trying to buy American companies on the open market. It's also stealing industrial secrets by taking over corporate computers.

China's swipe at such U.S. assets as Unocal's oil wells and Maytag's trade name are very much in view. Less obvious: a far more insidious grab for industrial secrets. This electronic theft is taking place with the tacit okay, or at least the nonintervention, of the Beijing government.

The latest attack is a so-called Trojan horse, code used to swipe information from compromised PCs, named Myfip. It first emerged last August in the theft of PDF documents. At least 11 other . . . .

You might want to read the rest of this one. There is much more to learn.

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