China launches cyber warfare against India

Protect yourself from online attacks that threaten your identity, your files, your system, and your financial well-being.


A more comprehensive and objective assessment of China’s cyber power is in urgent need. As Joseph Nye argued, exaggerated fears about growing Chinese power can either paralyze or become a cause of conflict.

 

I have seen several recent articles about China’s attempts to steal research information from our vaccine producers (following an earlier report about Chinese hackers paralyzing Mumbai’s electric grid). When we first computerized our financial services in the 1980s, a new genre of criminal emerged. Called cyber criminals, they developed expertise in crimes such as credit/debit card rip-offs, bank heists or ATM frauds. When credit cards started to carry a CVV, the crooks launched mobile crimes by pretending to call from banks. Banks responded with OTPs, the crooks started cloning mobile SIM cards. Then hackers would get into personal computers and grab information, such as passwords and account numbers, that would be traded on the dark net. In 2020, global cybercrime defrauded the innocent of almost one trillion US dollars. The most common cyber frauds include economic espionage, intellectual property (IP) theft and ransomware attacks. IP theft and financial crime accounted for at least 75% of the total cyber losses and posed the greatest threat to companies.

As governments around the world fought a desperate battle against such thieves, some nations decided to join the bandits. With China’s active encouragement, and that of its cronies, cybercrime has mutated, much like the Chinese virus, to cyber warfare or attacks on a nation’s critical infrastructure. Remember Stuxnet, the malicious computer worm first uncovered in 2010 that targets supervisory control and data acquisition (SCADA) systems and is believed to be responsible for causing substantial damage to the nuclear program of Iran. Although neither country has openly admitted responsibility, the worm is widely understood to be a cyberweapon built jointly by the United States and Israel in a collaborative effort known as the “Olympic Games”, the first example of cyber warfare. In January of 1986, the first virus written for Windows based PCs was born. Known simply as…

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