Cyber-Espionage Campaign Threatens US Economic Strength
A new National Intelligence Estimate report says that China is the primary culprit behind "massive, sustained" hacking into systems affecting a wide range of industries.
What's the Latest Development?
A recent National Intelligence Estimate (NIE) report, said to represent "the consensus view of the U.S. intelligence community," claims that the US is experiencing a multifaceted campaign of cyber-espionage that is serious enough to affect the country's economic competitiveness. The hacking involves a number of different sectors, including finance, aerospace, automotives, and even journalism. Although the report names Russia, Israel, and France as cyberspies, it makes it clear that China is by far the primary perpetrator. The Chinese government strongly denies any involvement in hacking.
What's the Big Idea?
Once considered limited to intelligence and the military, the issue has grown to the point where "[s]ome experts have said that cyber-espionage’s cost to the U.S. economy might range from 0.1 percent to 0.5 percent of gross domestic product, or $25 billion to $100 billion." The details included in the NIE are expected to help the Obama administration as it takes steps to overcome past passivity towards the problem; one former government official noted that "foreign cyber-espionage...is invisible, and invisibility promotes inaction."
Photo Credit: Shutterstock.com
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
The Canadian professor has an extensive collection posted on his site.
- Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
- Categories include literature, neuroscience, religion, and systems analysis.
Evolution doesn't clean up after itself very well.
- An evolutionary biologist got people swapping ideas about our lingering vestigia.
- Here are the six traits that inaugurated the fun.
Despite incredible economic growth, it is not necessarily an investor's paradise.
- China's stock market is just 27 years old. It's economy has grown 30x over that time.
- Imagine if you had invested early and gotten in on the ground floor.
- Actually, you would have lost money. Here's how that's possible.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.