US prosecutors have charged three Chinese nationals affiliated with a cyber security company in China with hacking into Siemens, Trimble and Moody’s Analytics to ‘steal business secrets’, according to Reuters.
The three accused have now been charged with launching “coordinated and unauthorized” cyber-attacks between 2011 and 2017.
The defendants, who were associates of the Guangzhou Bo Yu Information Technology Company, were identified as Wu Yingzhuo, Dong Hao and Xia Lei.
The hack comes at a time of unprecedented risk across the supply chain with regard to cyber safety.
Attacks in 2017, including the major NotPetya attack, have shown the power of cybercrime and its ability to compromise all manner of networks; large and small.
More and more criminals are currently exploiting the speed, convenience and anonymity of the Internet to commit a diverse range of criminal activities that know no borders, either physical or virtual, cause serious harm and pose very real threats to victims worldwide.
According to international policing body Interpol, although there is no single universal definition of cybercrime, law enforcement generally makes a distinction between two main types of Internet-related crime: Advanced cybercrime and cyber-enabled crime.
Advanced cybercrime are mass attacks such as the NotPetya attack, while cyber-enabled crime is more ‘traditional’ crime that criminals simply use the internet for (e.g. financial scams).
Cybercrime has become such a prominent issue in the global trade arena that Port Technology is dedicating a much of its upcoming event to it.
Whereas the more recent PTI events have focussed on automation in ports around the world, the upcoming event in March, 2018 ties AI and cybersecurity into that mix.
Trimble is headquartered in Sunnyvale, California, and makes Global Positioning System receivers, laser rangefinders, unmanned aerial vehicles, inertial navigation systems and a variety of software processing tools.
Siemens AG is a German conglomerate company headquartered in Berlin and Munich and the largest industrial manufacturing company in Europe.
Moody's Analytics is a subsidiary of Moody's Corporation and focusses on non-rating activities. It provides economic research regarding risk, performance and financial modeling, as well as consulting, training and software services.