Stockmarket

Chinese hackers target German pharma and tech firms



© Reuters. FILE PHOTO: German and Chinese national flags fly in Tiananmen Square ahead of the visit of German Chancellor Angela Merkel in Beijing, China, May 23, 2018. REUTERS/Thomas Peter/File Photo

BERLIN (Reuters) – Chinese hacker group APT 27, long suspected of launching attacks on Western government agencies, has started targeting German companies in sectors such as pharmaceuticals and technology, Germany’s Federal Office for the Protection of the Constitution (BfV) said on Wednesday.

In addition to stealing trade secrets and intellectual property, the hackers may be trying to penetrate customers’ and service providers’ networks to infiltrate several companies at once, the BfV said in a circular to companies.

In its annual constitutional protection report from 2019, the BfV had pointed out the group’s acronym APT 27 is an alias for a Chinese hacker group also known as the “Emissary Panda,” which is believed to target foreign embassies and critical sectors.

Last year, the United States and its allies accused China of a carrying out a global cyberespionage campaign. China has denied the allegation.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.