Cybersecurity

China’s cyber and trade war has US firms, national security in crosshairs

As we witness the home stretch of the presidential election with candidate debates, campaign stops, and political ads, both parties have an opportunity to talk substantively about a serious trade issue — ongoing efforts by China to hack and steal intellectual property from U.S. companies and using stolen U.S. trade secrets to manufacture their own cut rate products.

One assistant attorney for U.S. National Security describes the Chinese hacking campaign against the United States a true, “national security emergency.”

China has created what some describe as an army of hackers — numbering in the thousands — high tech soldiers that work to identify and steal intellectual property from various industrial, tech or defense related companies.

China then uses the stolen intellectual property to produce nearly identical products with the information it hacks. Even worse, China then dumps these products into the United States or floods other countries’ markets with products at prices no nation can compete against.