Cybersecurity
China Is Trying to ‘Ransack’ Western Companies, FBI Head Warns
- Christopher Wray says firms from aviation to pharma targeted
- US says Beijing spearheads expansive cyber espionage campaign
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FBI Director Christopher Wray warned Western companies that China aims to “ransack” their intellectual property so it can eventually dominate key industries, escalating a dispute between the world’s two largest economies over hacking.
The Asian nation’s spies were snooping on “companies everywhere from big cities to small towns -- from Fortune 100s to start-ups, folks that focus on everything from aviation, to AI, to pharma,” Wray said in remarks to a gathering of business leaders and academics in London. He appeared alongside the head of MI5, Ken McCallum -- the first time the heads of the Federal Bureau of Investigation and the UK’s domestic counter-intelligence agency have shared a forum.