The Rise of Cyber-Security Blackwaters

From: EconoMonitor

Author: Dan Steinbock

Recently, the Department of Justice launched its first criminal cyber espionage case against alleged Chinese hackers. The case depends on new cyber-security start-ups – the successors of Blackwater.

On Monday May 19, 2014, the Department of Justice (DoJ) filed criminal charges against five hackers in the Chinese military, accusing them of stealing American trade secrets through cyber-espionage.

“This represents the first-ever charges against a state actor for this type of hacking,” concluded US Attorney General Eric Holder.

“Enough is enough,” he said.

Weak facts, flawed approach

According to the DoJ, the suspects targeted companies such as Alcoa Inc., Allegheny Technologies Inc., United States Steel Corp., Toshiba Corp. unit, Westinghouse Electric Co., the U.S. subsidiaries of SolarWorld AG, and a steel workers’ union. Each suspect was hit with 31 criminal counts for an 8-year long conspiracy.

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