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Intel Estimate: Cyber-Attacks Threaten U.S. Economy

HeadlineFeb 11, 2013

A new intelligence report has found China and other countries are engaging in rampant cyber-attacks against U.S. businesses and institutions for potential economic gain. According to The Washington Post, a National Intelligence Estimate warns the United States is “the target of a massive, sustained cyber-espionage campaign that is threatening the country’s economic competitiveness.” Attacks from China have been the most widespread, with other countries including Russia, France and Israel. The potential cost of the hacks to the United States has been estimated in the tens of billions of dollars. China’s attacks were reportedly directed at “commercial targets linked to military technology.” The news comes after The New York Times, Washington Post and Wall Street Journal all reported their networks were compromised by hacks believed to have originated in China. The Obama administration recently granted itself broad authority to carry out cyber-attacks on other countries.

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