Indian Infotech Sector is Main Focus of Chinese Cyber Spying
A few months ago, a major Bangalore-based infotech company lost out on a $8 million contract. The company was expecting a business delegation to visit India before signing the contract, but 15 days before the date set for the deal, the meeting was abruptly called off.More here.
The same team went to China instead. When the Indian firm investigated the matter, it discovered a gaping hole in its security. The computers of several of its top executives had been compromised by Chinese hackers and privileged information leaked to a Chinese competitor, who walked away with the deal by quoting a lesser price.
Welcome to war of another kind - corporate espionage. Chinese companies are increasingly spying on the Indian IT industry, the only major business area where India leads the Chinese by several years. With many companies reportedly becoming victims of Chinese espionage, Indian intelligence officers are beginning to take a close, hard look at the influx of Chinese nationals into Bangalore, India’s IT hub.
Props: Cyber Crime Updates, via The Dark Visitor