A new intelligence assessment has concluded that China is engaged in a massive, sustained cyber-espionage campaign against American businesses and institutions. According to the National Intelligence Estimate, Chinese hackers have targeted nearly every sector of the economy over the past five years, including companies operating in finance, energy, and automotives, in a bid to steal data for economic gain. The report also notes that Russia, Israel, and France have engaged in hacking for economic intelligence, but makes clear that their cyber campaigns pale in comparison with Chinese efforts. Outside experts say hacking costs the U.S. as much as $100 billion every year.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
'Solitude has become a notable, and worrisome, trend of our times'Instant Opinion Opinion, comment and editorials of the day
-
Blake Lively accuses rom-com costar of smear jobSpeed Read The actor accused Justin Baldoni, her director and costar on "It Ends With Us," of sexual harassment and a revenge campaign
-
Germany arrests anti-Islam Saudi in SUV attackSpeed Read The attack on a Christmas market in Magdeburg left five people dead and more than 200 wounded
