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Ransomware attacks on U.S. companies blamed on state-sponsored Chinese hackers

Discussion in 'Network World' started by RSS, Mar 15, 2016.

  1. RSS

    RSS New Member Member

    So what do Chinese government-supported hackers turn to after China backed off on supporting economic espionage? Applying their APT skills to infecting companies with ransomware…at least that is the prevailing theory put forth by several security firms.

    If China really did pull its previous level of support for economic espionage after its agreement with the US late last year, then those same hackers may be supplementing their income by joining the booming business of ransomware.

    Security firms involved in investigating ransomware attacks that have not previously been made public told Reuters that Chinese hackers are the most likely suspects behind the attacks. It should be noted that none of the security companies could be positive that plain-old cybercrooks weren’t behind the attacks after upping their game, improving skills and purchasing tools previously used only by governments. At least a half dozen ransomware attacks in the last three months have a level of sophistication that is usually only used in state-sponsored attacks.

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