Report: China Is America’s #1 Cyber Threat - Spokane, North Idaho News & Weather KHQ.com

Report: China Is America’s #1 Cyber Threat

Posted: Updated:

YAHOO.COM - A new report by the National Intelligence Estimate confirms that China is America's biggest cyber threat.

The report is classified, but people with knowledge of the findings spoke to The Washington Post on the condition of anonymity.

"The United States is the target of a massive, sustained cyber-espionage campaign that is threatening the country's economic competitiveness," according to the article. "The report, which represents the consensus view of the U.S. intelligence community, describes a wide range of sectors that have been the focus of hacking over the past five years, including energy, finance, information technology, aerospace and automotive."

But other industries have been targeted as of late, including the media and the U.S. Federal Government.

In recent weeks, The Washington Post, The New York Times, The Wall Street Journal and Bloomberg disclosed cyber attacks traced back to China. Twitter was also hacked, but the origins of that attack remain unknown. But perhaps the most disturbing case of cyber-espionage involves the Federal Reserve and Department of Energy.

These types of attacks threaten the economic competitiveness of America. While the intelligence report does not put a dollar figure on the financial impact of these cyber attacks, some experts believe it is upwards of $10 billion, according to WaPo.

For decades, China has been trying to speed up its technical prowess by both stealing technology and data from America and buying up U.S. companies. A recent Wall Street Journal article details how China has been trying to acquire American assets at a faster and faster clip.

While many of the bigger deals pursued by China have been rejected by the U.S. government due to security concerns, many of the smaller acquisitions have managed to be approved.

"Last year, Chinese buyers agreed to spend more than $10 billion in 46 deals to acquire U.S. companies or stakes in U.S. firms, according to Dealogic," the WSJ reports. "The volume was higher than the Chinese total from 2009 through 2011 combined."

The sale of battery maker A123 in January to China's largest automotive components manufacturer for roughly $250 million is the latest deal to get approved by the U.S. government. A123 makes batteries for commercial electric cars, but it also develops technology used by the military. The acquisition of a company with military ties was worrisome; thus the sale to the Chinese firm only involved A123's commercial division. But many experts assert that there is much overlap between the technologies used for commercial and military purposes.

  • Most Popular StoriesMost Popular StoriesMore>>

  • 44 Riverside homes destroyed or damaged in storm

    44 Riverside homes destroyed or damaged in storm

    Thursday, July 24 2014 3:46 PM EDT2014-07-24 19:46:53 GMT
    RIVERSIDE, Wash. - Many families were still at the Red Cross Shelter set up at Riverside High School in Riverside this morning.An afternoon storm destroyed or damaged 44 of their homes and knocked down close to 100 trees in Riverside Village Mobile Home Park.Many residents said the storm looked like a tornado as it swept through their neighborhood.>>
    RIVERSIDE, Wash. - Many families were still at the Red Cross Shelter set up at Riverside High School in Riverside this morning.An afternoon storm destroyed or damaged 44 of their homes and knocked down close to 100 trees in Riverside Village Mobile Home Park.Many residents said the storm looked like a tornado as it swept through their neighborhood.>>
  • Carlton Complex Fire now 52% contained

    Carlton Complex Fire now 52% contained

    Thursday, July 24 2014 3:45 PM EDT2014-07-24 19:45:02 GMT
    UPDATE: Officials say the massive wildfire that has destroyed about 150 homes in north-central Washington is now more than half contained.The rain and hail that fell on Wednesday, wasn't enough to extinguish the nearly 400-square-mile Carlton Complex of fires, but it gave crews a chance to dig lines along the south and east parts. The fire is 52% contained.>>
    UPDATE: Officials say the massive wildfire that has destroyed about 150 homes in north-central Washington is now more than half contained.The rain and hail that fell on Wednesday, wasn't enough to extinguish the nearly 400-square-mile Carlton Complex of fires, but it gave crews a chance to dig lines along the south and east parts. The fire is 52% contained.
    >>
  • Person injured by falling tree branches outside Spokane courthouse

    Person injured by falling tree branches outside Spokane courthouse

    Wednesday, July 23 2014 9:35 PM EDT2014-07-24 01:35:37 GMT
    One person was injured when strong winds caused tree branches to fall to the ground outside the Spokane County Courthouse in Wednesday afternoon.Fire crews and police officers told KHQ the person who was hit by the branches was quickly taken to the hospital.>>
    One person was injured when strong winds caused tree branches to fall to the ground outside the Spokane County Courthouse in Wednesday afternoon.Fire crews and police officers told KHQ the person who was hit by the branches was quickly taken to the hospital.>>
  • Top Stories from KHQTop StoriesMore>>

  • Boil-water advisories issued in several eastern Washington areas after storms

    Boil-water advisories issued in several eastern Washington areas after storms

    Friday, July 25 2014 5:45 AM EDT2014-07-25 09:45:06 GMT
    SPOKANE COUNTY, Wash. - The Washington State Department of Health believes some local water systems are at risk after severe storms moved through the area on Wednesday and they have issued some boil-water advisories. >>
    SPOKANE COUNTY, Wash. - The Washington State Department of Health believes some local water systems are at risk after severe storms moved through the area on Wednesday and they have issued some boil-water advisories. In Spokane and Pend Oreille counties, several water systems are under boil-water advisories:·>>
  • Progress being made on power outages

    Progress being made on power outages

    Friday, July 25 2014 4:12 AM EDT2014-07-25 08:12:58 GMT
    SPOKANE, Wash. - As of 9:30pm Thursday, there were still more than 20,000 customers without power in the Inland Northwest.>>
    SPOKANE, Wash. - As of 9:30pm Thursday, there were still more than 20,000 customers without power in the Inland Northwest. In a press release sent out Thursday night, Avista said they have 68% of the nearly 40,000 customers who lost power during Wednesday's severe thunderstorm have power again. There were still more than 12,000 customers without power, however. Avista said rein...>>
  • Post Falls Police: missing 11-year-old boy found

    Post Falls Police: missing 11-year-old boy found

    Friday, July 25 2014 4:11 AM EDT2014-07-25 08:11:28 GMT
    POST FALLS, Idaho - The Post Falls Police Department is asking for your help locating an endangered 11-year-old boy.>>
    POST FALLS, Idaho - Post Falls Police say 11-year-old Jeremy Yaken was found early Friday morning,  and he is safe.>>