GET DAILY SIGNALSUS DOJ Accuses China Hacking Group of Stealing Business and Military Data
The U.S. Department of Justice (DOJ) charged some Chinese citizens in relation to a global hacking operation that infiltrated U.S. companies' business secrets. The DOJ alleged that the hackers worked in collaboration with China's state security service.
According to Deputy Attorney General Rod Rosenstein, the hackers belong to a group called Advanced Persistent Threat 10 or APT 10, and that they nicked data from more than 45 U.S. companies. Hackers might also have attacked data of more than 100,000 U.S. Navy personnel, including the latter’s Social Security numbers, dates of birth, salary information, personal phone numbers, and email addresses – according to the DOJ.
Cybersecurity firms including CrowdStrike have linked the hacker group’s activity to China's Ministry of State Security. In 2009, APT 10 were accused of targeting Western defense companies involved in making large weapons systems.
"We know what China is doing it, we know why they are doing it, and in some instances we know who is sitting at the keyboard," Rosenstein said. The Department of Homeland Security said Thursday that it would create a new website in support of US companies that might have been affected.
The Chinese government, on the other hand, tried to refute the charges, and said the U.S. had "fabricated facts out of thin air". Chinese Foreign Ministry spokeswoman Hua Chunying stated on Friday, "China firmly preserves cybersecurity, always opposing and cracking down on any forms of cyber theft ", while adding, "The Chinese government has never participated in or supported any theft of trade secrets."
The year was fueled by heated trade tensions between the U.S. and China. Only recently, President Donald Trump has been indicating that his trade negotiations with Beijing are going well. But now with the U.S. alleging China’s involvement in hacking, there could potentially be resurging concerns over U.S.-China relations.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +0.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in 295 of 356 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
The Aroon Indicator entered an Uptrend today. In 362 of 419 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.
Bearish Trend Analysis
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