FBI Director Tells Congress Beijing-Linked Hackers Targeting US Infrastructure: 'Low Blows Against Civilians Are Part Of China's Plan'
Portfolio Pulse from Benzinga Neuro
FBI Director Christopher Wray testified before Congress that Chinese government-linked hackers are targeting US infrastructure, including water treatment, energy, and transportation sectors. This coincides with US officials disrupting a major Chinese cyber-spying operation. Wray emphasized the threat to civilians and clarified that the issue is with state-sponsored activities, not Chinese Americans or nationals in the US. The hearing comes amid heightened US-China tensions over various geopolitical issues. Rep. Mike Gallagher likened the cyberattacks to bombing American infrastructure, highlighting their malicious intent. The FBI's actions are part of a broader crackdown on Chinese cyber espionage, including the Volt Typhoon operation.
February 01, 2024 | 1:03 am
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Microsoft Corp's email accounts were hacked by Chinese state-sponsored hackers, raising concerns about infiltration into US networks. Microsoft CEO Satya Nadella has called for international cyber regulations.
The direct mention of Microsoft's email accounts being hacked by Chinese state-sponsored hackers could negatively impact investor confidence in the company's security measures. The short-term impact on MSFT stock could be negative as investors assess the potential risks and costs associated with bolstering cybersecurity defenses and the implications for Microsoft's reputation. However, the call for international cyber regulations by CEO Satya Nadella may mitigate some concerns by showing proactive leadership.
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