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Report urges US to go on offense on China hacking

The United States should consider curbs on Chinese investment or even offensive operations against hackers to address the growing toll from intellectual property theft, a report said Wednesday. The 11-month study led by high-ranking former US officials said that theft of software and other US-developed products was costing the American economy more than $300 billion each year -- as much as the United States sells to Asia.

Some U.S. power companies say they face constant cyber attacks

BOSTON (Reuters) - Several U.S. power utilities say they face constant cyber attacks on critical systems, according to a report by two Democratic lawmakers amid warnings from the Obama administration that foreign hackers are seeking to attack the electric grid. Congressmen Edward Markey of Massachusetts and Henry Waxman of California disclosed their findings on Tuesday as the House Energy and Commerce Committee held a hearing on cybersecurity.

S Korea-cyber security

SEOUL, May 21 (Yonhap) -- South Korea had the third-highest number of malicious codes detected on computers last year among other major countries, reflecting the urgency to draw up thorough measures to prevent any more cyber attacks, a report showed Tuesday. The number of computer malware uncovered in South Korea reached 3.26 million in the fourth quarter of 2012, ranking third in the global list, only trailing behind the top-placed United States with 8.96 million and Brazil with 4.46 million, according to a report by Microsoft Corp.

Japan, U.S. conclude 1st dialogue on cyber defense cooperation

Japan and the United States concluded their first comprehensive dialogue on cyber defense on Friday after exploring new areas of cooperation, they said in a joint statement. During the two-day meeting in Tokyo, Japanese and U.S. officials also identified actions that governments and private-sector entities can take to secure critical infrastructure, and affirmed the application of "norms of responsible state behavior" in cyberspace, according to the statement.

China to deploy 1st domestic-built carrier in later of 2010s: U.S.

The U.S. Defense Department said Monday China will continue to modernize its military capability and that the first domestically built aircraft carrier "will likely be operational sometime in the second half of this decade." In an annual report to congress titled "Military and Security Developments Involving the People's Republic of China 2013," the Pentagon said China "will likely build multiple aircraft carriers over the next decade."

Pentagon report for 1st time says China government, military responsible for US cyberattacks

WASHINGTON - The Pentagon for the first time used its annual report on China to directly assert that Beijing's government and military have conducted computer-based attacks against the U.S., including efforts to steal information from federal agencies.

Taiwan fights expanding Chinese cyber-attacks

Computer network intrusions at the National Security Bureau and other Taiwan agencies, many originating in China, have spread into the private sector and people's daily life, Taiwan's National Security Bureau said Monday. Deputy Director General Chang Kuang-yuan told a legislative committee that Chinese hackers have expanded their attacks on government websites to those of think tanks, government contractors, telecommunications service providers and traffic control systems.

Spain remands Dutch cyber-hacking suspect

A Spanish court remanded in custody a Dutchman suspected of disrupting Internet services in a massive cyber-attack allegedly launched from his hi-tech bunker in Spain, officials said Monday. A judge in Madrid on Saturday ordered the suspect to be held in custody pending a decision on whether to extradite him to the Netherlands, said a judicial source who asked not to be named. Police seized the suspect, a 35-year-old from Alkmaar in the Netherlands, in Granollers near Barcelona on Thursday, under a European arrest warrant after last month's attack.

US banking sector too vulnerable to hackers

US authorities charged with overseeing the financial sector are worried about its vulnerability to cyberattacks, they said in a report published Thursday. "Security threats in cyberspace are not bound by national borders and can range widely from low to high security risks," wrote the Financial Stability Oversight Council in its 2013 annual report. The council is worried, in particular, about the increasing skill of hackers attacking the US financial system.

U.S. House passes cyber security bill as privacy concerns linger

By Alina Selyukh WASHINGTON (Reuters) - The House of Representatives on Thursday passed legislation meant to help companies and the government share information on cyber threats, even though concerns linger about the amount of protection the bill offers for private information.
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