(Allow video to load after clicking play)
FTI Consulting's Thomas Brown and Bloomberg's Phil Mattingly discusses the U.S.-China cyber war with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg video. May 19, 2014)
The US Justice Department on Monday charged members of the Chinese military with conducting economic cyber-espionage against American companies, marking the first time that the United States has leveled such criminal charges against a foreign country. Industries targeted by the alleged cyberspying ranged from nuclear to steel to solar energy, officials said. In some cases, they said, the hacking by a military unit in Shanghai was conducted for no other reason than to give a competitive advantage to Chinese companies, including state-owned enterprises. (source infra) -- this has been going on for a very long time, but Chinese hacking must have been really successful in stealing US trade secrets, intellectual property, and other data, for the Obama administration to take this action --
U.S. announces first criminal charges against foreign country for cyberspying - The Washington Post: "...Holder said the Obama administration “will not tolerate actions by any nation that seeks to illegally sabotage American companies and undermine the integrity of fair competition in the operation of the free market.”...."
China's theft of business secrets is beyond espionage: "....But U.S. officials have consistently said that Chinese spying for the benefit of private companies oversteps the bounds of traditional espionage done for national security reasons. Chinese officials have said the United States is acting hypocritically, since it also engages in cyber espionage. The Justice Department said Monday it charged five Chinese hackers with breaking into U.S. companies, stealing reams of data and then providing it to Chinese firms. The United States engages in cyber spying activities but does not penetrate commercial companies for the benefit of domestic firms, said James Lewis, an analyst at the Center for Strategic and International Studies...."
China's Baidu Hires Andrew Ng, Stanford Professor and Google's Deep Learning Collaborator, for New Silicon Valley Artificial Intelligence Lab | MIT Technology Review: "Baidu has long been referred to as “China’s Google” because it dominates Web search in the country. Today the comparison grew more apt: Baidu has opened a new artificial-intelligence research lab in Silicon Valley that will be overseen by Andrew Ng, a Stanford professor who played a key role at Google in a field called deep learning. He was also a cofounder of the online education company Coursera...."
More than 100 charged in Blackshades crackdown
Over 100 people in the United States and around the world have been charged following an international effort to crack down on the remote access malware, Blackshades. The coordinated crackdown involved 18 countries, including Australia, Canada and ...
Google in Talks About Possible Acquisition of Twitch
Wall Street Journal
Google in Talks About Possible Acquisition of Twitch. Google's ... For Google, Twitch would be a potential boost to its YouTube video service. YouTube ...
Amazon's Drone Team Is Hiring: Look At These Nifty Job Ads
Amazon.com's founder, Jeff Bezos, keeps saying that he wants to revolutionize package delivery by using drones. Skeptics snicker, but Bezos won't ...
Microsoft's money pit: Surface has lost $1.2B
Computerworld - Microsoft has lost more than $1.2 billion so far on its Surface tablet business, an expensive experiment that makes tomorrow's ...
Microsoft Brings SAP Apps To Azure Cloud
SAP apps are coming to Azure and BusinessObjects now talks to Microsoft Power BI, but in-memory cloud options for Hana, SQL Server must wait.
Microsoft Just Short Changed Everyone Who Has Bought An Xbox One
... Of course this wasn't in the official announcement that Microsoft will sell a $399 ... Microsoft even had a superficially convincing reason: “We've also heard ... Microsoft devices in their larger battle with Apple and Google
Yahoo Japan drops $3.2 billion plan to buy eAccess from SoftBank
Yahoo Japan, the country's biggest Internet portal and 42.6 percent owned by ... YahooJapan President Manabu Miyasaka had said after the March ...
Apple, Samsung Blame Each Other for Lack of Settlement
Apple Inc. (AAPL) and Samsung Electronics Co. (005930) blamed each another for impeding progress toward a settlement of their patent disputes in a ...
Google buys corporate mobile-device manager Divide
Divide also offers an app for Apple Inc.'s iPhones. Although Divide is joining Android, the company reassured existing iPhone customers that their ...
more technology news below ( @ web version--link below)