News / USA

    US Report Highlights Economic Threat of Hacking

    Computer screen shows a password attack in progress at computer security training program in Northfield, Vermont., undated.
    Computer screen shows a password attack in progress at computer security training program in Northfield, Vermont., undated.
    VOA News
    U.S. officials say hackers pose a threat to the nation's economy and accuse China of carrying out the most cyber-attacks.
     
    The assessment is in a classified "National Intelligence Estimate" that officials described to U.S. media, including The Washington Post. A published report says hackers are targeting the energy, finance, information technology, aerospace and automotive sectors.
     
    Some estimates put the cost to the U.S. economy at tens of billions of dollars each year. Brad Glosserman, executive director of the Hawaii-based Pacific Forum think tank, said it is difficult to identify the true sources of cyber espionage.
     
    "Attacks have been on the rise without question," he said, explaining that, often, even experts can only guy where the attacks are coming from.
     
    "As for the vulnerabilities to the financial sector, I would assume that's correct, but I would suggest that the vulnerabilities are throughout the U.S. economy," he added. "The problem is that many people do not like to speak about these things because either they're unaware they are being attacked or very reluctant to publicize their vulnerabilities."
     
    The White House is considering responses to cyber-attacks, including trade actions and visa restrictions. The Washington Post says President Barack Obama is expected to issue an executive order on cyber security soon, intended to help private companies defend themselves against hacking.
     
    The newspaper says the report also names Russia, Israel and France as countries that gather economic intelligence through cyber-attacks.
     
    Several U.S. newspapers, including the Post, The Wall Street Journal and The New York Times accuse Chinese hackers of infiltrating their computer systems. The Chinese Foreign Ministry denies the allegations.
     
    Duncan Clarke of Stanford University, who also chairs BDA — a China-based investment and advisory firm — said that if China is responsible for directing corporate espionage, it would be to help Chinese companies compete with their U.S. rivals. He said a government could harm its own economy if it responds too harshly.
     
    "The risk is in overreacting, particularly without explicit evidence, that you cause protectionist tendencies," he said. "There have already been issues at Huawei and ZTE, which are China's champion telecom equipment companies, denying them access to U.S. markets. And we have not seen that level of concern in other countries, so the risk is that you actually hurt your own interests by taking too hard a line on this."
     
    The U.S. government has been concerned for years about the "significant and growing" threat of hackers stealing data for economic gain, and a report in The Wall Street Journal says businesses have long been well aware of the problem. So far, Washington's response has included everything from giving written guidance to businesses on intellectual property crimes, to setting up a toll-free number to report problems, to unsuccessful efforts to get Congress to pass legislation on the issue.
     
    President Obama says foreign governments and criminals are looking into U.S. financial, energy and public safety systems "every day." Outgoing Secretary of Defense Leon Panetta issued a strong warning about the threat of cyber-attacks in a speech in October.
     
    He says the U.S. military has put $3 billion into cyber security efforts.

    Additional reporting by Victor Beattie.

    You May Like

    Republicans Struggle With Reality of Trump Nomination

    Despite calls for unity by presumptive presidential nominee, analysts see inevitable fragmentation of party ahead of November election and beyond

    Despite Cease-fire, Myanmar Landmine Scourge Goes Unaddressed

    Myanmar has third-highest mine casualty rate in the world, according to Landmine and Cluster Munition Monitor, which says between 1999 to 2014 it recorded 3,745 casualties, 396 of whom died

    Video Energy Lacking at Annual Offshore Oil Conference

    The slump in oil prices that began in 2014 has taken a toll on the industry but all express confidence it will end eventually

    This forum has been closed.
    Comment Sorting
    Comments
         
    by: Luz from: ca
    February 11, 2013 11:57 AM
    Seeking the profit is the only principle of an enterprise in asian and EU. May I ask a question why asian company usually has a longer life than US? Some experts think advantage of techniques makes great contribution of the competitive capability, however, in most cases, when company spent millions dollars and many years on developing, their new idea or product will be easily copied by other countries ..

    in a word, when the cost of development does not match with the profit earning, nobody like to spend their funding. When companies realize their environment can not protect them, they even select bankrupt Therefore, if US can not resolve the problems of internet piracy, the international patent copy....this country will sooner lose their product competition, their companies will go bankrupt, their employee will lose their positions, whole nation will lost income...

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Press Freedom in Myanmar Fragile, Limitedi
    X
    Katie Arnold
    May 04, 2016 12:31 PM
    As Myanmar begins a new era with a democratically elected government, many issues of the past confront the new leadership. Among them is press freedom in a country where journalists have been routinely harassed or jailed.
    Video

    Video Press Freedom in Myanmar Fragile, Limited

    As Myanmar begins a new era with a democratically elected government, many issues of the past confront the new leadership. Among them is press freedom in a country where journalists have been routinely harassed or jailed.
    Video

    Video Taliban Threats Force Messi Fan to Leave Afghanistan

    A young Afghan boy, who recently received autographed shirts and a football from his soccer hero Lionel Messi, has fled his country due to safety concerns. He and his family are now taking refuge in neighboring Pakistan. VOA's Ayaz Gul reports from Islamabad.
    Video

    Video Major Rubbish Burning Experiment Captures Destructive Greenhouse Gases

    The world’s first test to capture environmentally harmful carbon dioxide gases from the fumes of burning rubbish took place recently in Oslo, Norway. The successful experiment at the city's main incinerator plant, showcased a method for capturing most of the carbon dioxide. VOA’s Deborah Block has more.
    Video

    Video EU Visa Block Threatens To Derail EU-Turkey Migrant Deal

    Turkish citizens could soon benefit from visa-free travel to Europe as part of the recent deal between the EU and Ankara to stem the flow of refugees. In return, Turkey has pledged to keep the migrants on Turkish soil and crack down on those who are smuggling them. Brussels is set to publish its latest progress report Wednesday — but as Henry Ridgwell reports from London, many EU lawmakers are threatening to veto the deal over human rights concerns.
    Video

    Video Tensions Rising Ahead of South China Sea Ruling

    As the Philippines awaits an international arbitration ruling on a challenge to China's claims to nearly all of the South China Sea, it is already becoming clear that regardless of which way the decision goes, the dispute is intensifying. VOA’s Bill Ide has more from Beijing.
    Video

    Video Painting Captures President Lincoln Assassination Aftermath

    A newly restored painting captures the moments following President Abraham Lincoln’s assassination in 1865. It was recently unveiled at Ford’s Theatre in Washington, where America’s 16th president was shot. It is the only known painting by an eyewitness that captures the horror of that fateful night. VOA’s Julie Taboh tells us more about the painting and what it took to restore it to its original condition.
    Video

    Video Elephant Summit Results in $5M in Pledges, Presidential Support

    Attended and supported by three African presidents, a three-day anti-poaching summit has concluded in Kenya, resulting in $5 million in pledges and a united message to the world that elephants are worth more alive than dead. The summit culminated at the Nairobi National Park with the largest ivory burn in history. VOA’s Jill Craig attended the summit and has this report about the outcomes.
    Video

    Video Displaced By War, Syrian Artist Finds Inspiration Abroad

    Saudi-born Syrian painter Mohammad Zaza is among the millions who fled their home for an uncertain future after Syria's civil war broke out. Since fleeing Syria, Zaza has lived in Lebanon, Egypt, Jordan and now Turkey where his latest exhibition, “Earth is Blue like an Orange,” opened in Istanbul. He spoke with VOA about how being displaced by the Syrian civil war has affected the country's artists.
    Video

    Video Ethiopia’s Drought Takes Toll on Children

    Ethiopia is dealing with its worst drought in decades, thanks to El Nino weather patterns. An estimated 10 million people urgently need food aid. Six million of them are children, whose development may be compromised without sufficient help, Marthe van der Wolf reports for VOA from the Metahara district.
    Video

    Video Little Havana - a Slice of Cuban Culture in Florida

    Hispanic culture permeates everything in Miami’s Little Havana area: elderly men playing dominoes as they discuss politics, cigar rollers deep at work, or Cuban exiles talking with presidential candidates at a Cuban coffee window. With the recent rapprochement between Cuba and United States, one can only expect stronger ties between South Florida and Cuba.
    Video

    Video California Republicans Weigh Presidential Choices Amid Protests

    Republican presidential candidates have been wooing local party leaders in California, a state that could be decisive in selecting the party's nominee for U.S. president. VOA's Mike O’Sullivan reports delegates to the California party convention have been evaluating choices, while front-runner Donald Trump drew hundreds of raucous protesters Friday.
    Video

    Video ‘The Lights of Africa’ - Through the Eyes of 54 Artists

    An exhibition bringing together the work of 54 African artists, one from each country, is touring the continent after debuting at COP21 in Paris. Called "Lumières d'Afrique," the show centers on access to electricity and, more figuratively, ideas that enlighten. Emilie Iob reports from Abidjan, the exhibition's first stop.

    Special Report

    Adrift The Invisible African Diaspora