China hacks American companies, and they turn a blind eye

[squatz1]

Without a doubt a bombshell report about how the Chinese government is hacking American businesses and NOTHING IS HAPPENING. Thousands of American companies are turning a blind eye to these hacks due to the fact that they don't want to lose short term profits from China banning them from their country -- as the Chinese government controls EVERYTHING in China with a heavy hand. Here's a pretty good quote about this sort of behavior.

Alperovitch says White House officials told him that some of the same companies that were being victimized by China also wanted to continue doing business in China.

"They didn't want to take any action that would jeopardize that billions of dollars of trade we were doing at the time," he says.

China is the USA's biggest competitor in the world, and China isn't playing fairly in the least. They're prepared to (and have) hacked US businesses-- and not only the small family businesses, they're hacking companies like Google, Apple, etc in an attempt to build their own large companies. I hope to god that this is stopped, and that China faces severe penalty for their actions.

We as a country have to stop kicking the can to the next person on fixing a problem, we must stop this monster in their tracks.

https://www.npr.org/2019/04/12/711779130/as-china-hacked-u-s-businesses-turned-a-blind-eye

[okala]

This companies are all established within the China jurisdiction and have access to their data at will, but there must be some form of agreement which should have come in terms and conditions and if China is going against this terms and conditions then the US government should come to the rescue of this companies because in the long run the will forever remain victims of continues hack.

[Beerwizzard]

China is the USA's biggest competitor in the world, and China isn't playing fairly in the least. They're prepared to (and have) hacked US businesses-- and not only the small family businesses, they're hacking companies like Google, Apple, etc in an attempt to build their own large companies. I hope to god that this is stopped, and that China faces severe penalty for their actions.

Nothing new really happens. China has always been copying (or stealing) the american and european technologies. They already have their own google and something like Xiaomi can easily become a new Chinese apple. The ways they are getting those technologies were always shady but it also shows that China can't provide their own innovations. We've got nothing to warry about.

[Flying Hellfish]

Unfortunately most companies have a "it's the cost of doing business" in China attitude.  It's a numbers game for them, as long as the equation stays high enough +ve they will roll with the punches and do "what they can" without rocking the gravy boat!

If this was simple fix it would have been done a long time ago, no one knows how to fix the problem.  IOW biting your nose off to spite your face is not good for business.

Now just let capitalism runs it's course, of course without regulations pure capitalism will destroy the evil Chinese and their communism...

I love to hear conservative whiners cry for rules when they feel someone isn't "playing fair" as soon as they start to get taken advantage of but god forbid the lower class complain about fair play or you're a filthy commie pig!

Sounds like you want some international regulations and policing to make sure China is playing fair, you and your damn regulations you fucking commie!!!!!!!!!!!!

[yeosaga]

Unfortunately most companies have a "it's the cost of doing business" in China attitude.  It's a numbers game for them, as long as the equation stays high enough +ve they will roll with the punches and do "what they can" without rocking the gravy boat!

If this was simple fix it would have been done a long time ago, no one knows how to fix the problem.  IOW biting your nose off to spite your face is not good for business.

Now just let capitalism runs it's course, of course without regulations pure capitalism will destroy the evil Chinese and their communism...

I love to hear conservative whiners cry for rules when they feel someone isn't "playing fair" as soon as they start to get taken advantage of but god forbid the lower class complain about fair play or you're a filthy commie pig!

Sounds like you want some international regulations and policing to make sure China is playing fair, you and your damn regulations you fucking commie!!!!!!!!!!!!

The way I translate US companies taking advantage of low cost labor in China is a bit different. This maneuver disenfranchises every US citizen, because by undermining local labor, you force labor jobs into accepting lower wages of a different country, with different policies, and a separate central bank. We are allowing US companies to do this strategy, but normal people never see how transactions are done. We trust that the US and Chinese people doing business with each other are transferring money responsibly. Since these are run by people it is probably being taken advantage of on both sides. I sense too many loopholes in a system like that. The central banks are not compatible in my opinion. They are both printing money nonstop.

[sheenshane]

The Chinese government is seeking for a long term goal which they will make sure to benefit someday. They catch their preys using their offers and will take advantage of the greediness of their prey. Just like American companies and usually the startups, they will always do their best to keep their poor business run without any net sales. That is when China will get engaged and will offer a lend.

Since the U.S company owners are desperate to keep running and will try to survive, they will accept the offer. Ending up to be a bankrupted company with a big amount of debts. The Chinese government is also targeting the Yuan becoming a global currency. By lending money to
their competitors, they will soon achieve what they deserved.

[mrdeposit]

This companies are all established within the China jurisdiction and have access to their data at will, but there must be some form of agreement which should have come in terms and conditions and if China is going against this terms and conditions then the US government should come to the rescue of this companies because in the long run the will forever remain victims of continues hack.

Nothing new happens in the cyber world and Russia vs China hackers are best in terms of both cyber attacks and white hat world. Rescuing the attacked victims is not the job of these Chinese hackers but the situation goes to worse after bad news about Wikileaks.

[TheCoinGrabber]

I don't remember the details but wasn't there a company that went on collaboration with a Chinese company with the promise of a partnership and then slanties cancelled it after they've hacked the potential partner and stole their tech?

Much as I think the case against Huawei don't have a strong legal basis I believe it's good that the US still went after the company. Might make Chinese companies think twice before acting as a front for the CCP.

[squatz1]

Unfortunately most companies have a "it's the cost of doing business" in China attitude.  It's a numbers game for them, as long as the equation stays high enough +ve they will roll with the punches and do "what they can" without rocking the gravy boat!

If this was simple fix it would have been done a long time ago, no one knows how to fix the problem.  IOW biting your nose off to spite your face is not good for business.

Now just let capitalism runs it's course, of course without regulations pure capitalism will destroy the evil Chinese and their communism...

I love to hear conservative whiners cry for rules when they feel someone isn't "playing fair" as soon as they start to get taken advantage of but god forbid the lower class complain about fair play or you're a filthy commie pig!

Sounds like you want some international regulations and policing to make sure China is playing fair, you and your damn regulations you fucking commie!!!!!!!!!!!!

You're still a commie!

I don't think it's fair in the least to say that Conservatives don't want proper IP regulations, Corporate espionage / stealing regulations, and stuff along those lines. I think that's something that everyone in America wants, as we don't want other companies (and other countries) ripping off our products and stealing our jobs.

Most other countries in the world will actually protect the IP of other countries, though China is one of the countries that doesn't care and should be punished for having this attitude. It's an attitude which is going to cripple not only American businesses, but businesses around the world.

Though I do understand that there isn't a simple fix, which makes this issue 10000x harder.

[Malsetid]

Without a doubt a bombshell report about how the Chinese government is hacking American businesses and NOTHING IS HAPPENING. Thousands of American companies are turning a blind eye to these hacks due to the fact that they don't want to lose short term profits from China banning them from their country -- as the Chinese government controls EVERYTHING in China with a heavy hand. Here's a pretty good quote about this sort of behavior.

Alperovitch says White House officials told him that some of the same companies that were being victimized by China also wanted to continue doing business in China.

"They didn't want to take any action that would jeopardize that billions of dollars of trade we were doing at the time," he says.

China is the USA's biggest competitor in the world, and China isn't playing fairly in the least. They're prepared to (and have) hacked US businesses-- and not only the small family businesses, they're hacking companies like Google, Apple, etc in an attempt to build their own large companies. I hope to god that this is stopped, and that China faces severe penalty for their actions.

We as a country have to stop kicking the can to the next person on fixing a problem, we must stop this monster in their tracks.

https://www.npr.org/2019/04/12/711779130/as-china-hacked-u-s-businesses-turned-a-blind-eye

I noticed that as well. China seems to be pushing it's weight around without anyone trying to do anything. It's like there's a silent tension going on between china and the us and one day things will blow up. Hopefully it doesn't escalate some more because the situations scares me.

[darklus123]

It is kinda fine when they are attacking only the businesses. China has been aggressively attacking low level countries and have been taking their assets and that is much worse. Most of us knows that this is all about just a money game that big companies can easily handle.

They have been trying to bully any countries and that is the bigger issue that the world should address.

[squatz1]

I don't remember the details but wasn't there a company that went on collaboration with a Chinese company with the promise of a partnership and then slanties cancelled it after they've hacked the potential partner and stole their tech?

Much as I think the case against Huawei don't have a strong legal basis I believe it's good that the US still went after the company. Might make Chinese companies think twice before acting as a front for the CCP.

You most likely don't remember the details because it's a common occurrence, this is why American companies are somewhat scared to continue to pursue these partnerships with China.

Kinda scary to say that this happens every SINGLE day.

It is kinda fine when they are attacking only the businesses. China has been aggressively attacking low level countries and have been taking their assets and that is much worse. Most of us knows that this is all about just a money game that big companies can easily handle.

They have been trying to bully any countries and that is the bigger issue that the world should address.

I don't think it's fine at all, bullying countries and companies is as much of an issue as anything else. We shouldn't say 'oh just cause the large companies are being hacked that's fine, they have the resources to absorb the loss' we should stand with all companies that are hacked in seeking justice.