Wednesday, August 3, 2011

Massive cyberspying across the globe detected

In the biggest ever series of cyber attacks uncovered to date, hackers were found to have broken into networks of the Indian government, United Nations and US defence companies, with security experts pointing to China as the culprit.
The security company has said it believes there was one "state actor" behind the attacks but declined to name it, though one security expert who was briefed on the hacking told Reuters that the evidence points to China.

Beijing has always denied any state involvement in cyber-attacks, calling such accusations "groundless,"

The company, McAfee, said it had alerted the 72 targets it identified and also informed law enforcement agencies, which it said were investigating. The 14-page report calls the attacks highly sophisticated and says they appear to have been operated by a government body, which it declined to name.

McAfee said that it had come across the extent of hacking in May and had dubbed the uncovering of the plot as ‘Operation Shady RAT’.

In his 14-page report on McAfee's findings, Dmitri Alperovitch, McAfee's vice president of threat research, asserts that Operation Shady RAT may have cost its victims billions in terms of lost revenues and stolen secrets.

"What we have witnessed over the past five to six years has been nothing short of a historically unprecedented transfer of wealth," he said.

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