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Does U.S. business stand a chance of keeping Chinese cyber-spies out of its data?

Ellen Messmer | May 23, 2014
The U.S. Department of Justice, working with the FBI, this week took the unprecedented step of indicting five Chinese army officers for allegedly breaking into the networks of American companies and a labor union to steal trade secrets of use to Chinese businesses.

In any event, this week's DoJ  actions to try and prosecute Chinese cyber-espionage is a turning point.

The FBI goes to U.S. companies all the time to tell them that their networks have been breached. Kroll's Ryan says what's changed now is that U.S. companies will recognize that when the FBI informs them, there's now the distinct possibility that breach could end up in a public indictment of cybercrime suspects similar to what was seen this week.

What happened to U.S. Steel and Westinghouse Electric has happened to many others. "There's thousands of companies this has happened to," says Ryan, predicting this week's actions by the DoJ is likely to change how U.S. companies investigate and handle information they receive about data breaches.

 

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