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	<title>Betabeat &#187; Chinese hackers</title>
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		<title>Hackers Torpedoed Coke&#8217;s Multi-Billion Dollar Deal to Buy a Chinese Corporation</title>

		<comments>http://betabeat.com/2012/11/hackers-torpedoed-cokes-multi-billion-dollar-deal-to-buy-a-chinese-corporation/#comments</comments>
		<pubDate>Mon, 05 Nov 2012 13:06:16 -0400</pubDate>
					<link>http://betabeat.com/2012/11/hackers-torpedoed-cokes-multi-billion-dollar-deal-to-buy-a-chinese-corporation/</link>
			<dc:creator>Steve Huff</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=69041</guid>
		<description><![CDATA[<p><div id="attachment_64423" class="wp-caption alignleft" style="width: 255px"><a href="http://nyobetabeat.files.wordpress.com/2012/09/chineseflag.png"><img class="size-full wp-image-64423" title="chineseflag" alt="" src="http://nyobetabeat.files.wordpress.com/2012/09/chineseflag.png" height="159" width="245" /></a><p class="wp-caption-text">Chinese flag</p></div></p>
<p>A <a href="http://betabeat.com/2012/09/chinese-hackers-targeting-major-energy-companies/" target="_blank">Chinese hacking crew</a> dubbed the Comment Group has been romping through corporate America's computer networks for a few years now. The extent of the breaches wasn't clear until Bloomberg published an in-depth report Sunday detailing in part how soft drink giant <a href="http://www.bloomberg.com/news/2012-11-04/coke-hacked-and-doesn-t-tell.html">Coke was hacked in 2009 and didn't tell</a>.</p>
<p>The deep hacking of sensitive data from Coke's systems destroyed a $2.4 billion acquisition deal with China Huiyuan Juice Group, which would have been the largest deal of its kind at the time:<!--more--></p>
<blockquote><p>Coca-Cola, the world’s largest soft-drink maker, has never publicly disclosed the loss of the Huiyuan information, despite its potential effect on the deal. It is just one in a global barrage of corporate computer attacks kept secret from shareholders, regulators, employees -- and in some cases even from senior executives.</p>
<p>When hackers last year waged a large-scale attack on <a href="http://www.bloomberg.com/quote/BG/:LN">BG Group Plc (BG/)</a>, raiding troves of sensitive data, the British energy company never made it public. Luxembourg-based steel maker <a href="http://www.bloomberg.com/quote/MT:NA">ArcelorMittal (MT)</a> also kept mum when intruders targeted, among others, its executive overseeing China. As did <a href="http://www.bloomberg.com/quote/CHK:US">Chesapeake Energy Corp. (CHK)</a>, after cyber attackers made off with files from its investment banking firm about natural gas leases that were up for sale.</p></blockquote>
<p>Using sources with in-depth knowledge of the breaches and their effects on each company, Bloomberg goes on to report an alarming pattern of steadfast corporate denial in addition to threadbare security guarding remarkably sensitive, high-value data.</p>
<p>The Chinese Foreign Ministry, naturally, has denied the hacks are state-sponsored and told Bloomberg allegations the Comment Group is a secret branch of the Chinese military are not supported by "concrete evidence and investigation."</p>
<p>Cybersecurity expert James Lewis defined the bottom line behind the attacks and the best reason to believe they are part of an active, state-sponsored program when he told Bloomberg reporters, "This has been a part of their plan to catch up to the West [...] You steal their technology, you steal their business secrets."</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_64423" class="wp-caption alignleft" style="width: 255px"><a href="http://nyobetabeat.files.wordpress.com/2012/09/chineseflag.png"><img class="size-full wp-image-64423" title="chineseflag" alt="" src="http://nyobetabeat.files.wordpress.com/2012/09/chineseflag.png" height="159" width="245" /></a><p class="wp-caption-text">Chinese flag</p></div></p>
<p>A <a href="http://betabeat.com/2012/09/chinese-hackers-targeting-major-energy-companies/" target="_blank">Chinese hacking crew</a> dubbed the Comment Group has been romping through corporate America's computer networks for a few years now. The extent of the breaches wasn't clear until Bloomberg published an in-depth report Sunday detailing in part how soft drink giant <a href="http://www.bloomberg.com/news/2012-11-04/coke-hacked-and-doesn-t-tell.html">Coke was hacked in 2009 and didn't tell</a>.</p>
<p>The deep hacking of sensitive data from Coke's systems destroyed a $2.4 billion acquisition deal with China Huiyuan Juice Group, which would have been the largest deal of its kind at the time:<!--more--></p>
<blockquote><p>Coca-Cola, the world’s largest soft-drink maker, has never publicly disclosed the loss of the Huiyuan information, despite its potential effect on the deal. It is just one in a global barrage of corporate computer attacks kept secret from shareholders, regulators, employees -- and in some cases even from senior executives.</p>
<p>When hackers last year waged a large-scale attack on <a href="http://www.bloomberg.com/quote/BG/:LN">BG Group Plc (BG/)</a>, raiding troves of sensitive data, the British energy company never made it public. Luxembourg-based steel maker <a href="http://www.bloomberg.com/quote/MT:NA">ArcelorMittal (MT)</a> also kept mum when intruders targeted, among others, its executive overseeing China. As did <a href="http://www.bloomberg.com/quote/CHK:US">Chesapeake Energy Corp. (CHK)</a>, after cyber attackers made off with files from its investment banking firm about natural gas leases that were up for sale.</p></blockquote>
<p>Using sources with in-depth knowledge of the breaches and their effects on each company, Bloomberg goes on to report an alarming pattern of steadfast corporate denial in addition to threadbare security guarding remarkably sensitive, high-value data.</p>
<p>The Chinese Foreign Ministry, naturally, has denied the hacks are state-sponsored and told Bloomberg allegations the Comment Group is a secret branch of the Chinese military are not supported by "concrete evidence and investigation."</p>
<p>Cybersecurity expert James Lewis defined the bottom line behind the attacks and the best reason to believe they are part of an active, state-sponsored program when he told Bloomberg reporters, "This has been a part of their plan to catch up to the West [...] You steal their technology, you steal their business secrets."</p>
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		<title>White House Admits it Was Targeted by Hackers</title>

		<comments>http://betabeat.com/2012/10/white-house-admits-it-was-targeted-by-hackers/#comments</comments>
		<pubDate>Mon, 01 Oct 2012 10:23:47 -0400</pubDate>
					<link>http://betabeat.com/2012/10/white-house-admits-it-was-targeted-by-hackers/</link>
			<dc:creator>Steve Huff</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=64530</guid>
		<description><![CDATA[<p><div id="attachment_26854" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/01/hack.jpg"><img class="size-medium wp-image-26854" title="hack" src="http://nyobetabeat.files.wordpress.com/2012/01/hack.jpg?w=300" alt="" width="300" height="90" /></a><p class="wp-caption-text">Screenshot from http://zone-h.org/archive</p></div></p>
<p>In response to a <a href="http://freebeacon.com/white-house-hack-attack/" target="_blank">right wing website's allegation</a> they sustained a cyber attack from Chinese hackers, the White House has <a href="http://www.politico.com/news/stories/1012/81847.html?hp=l5" target="_blank">admitted to Politico</a> that the attack occurred. However, the Obama Administration insists no data was stolen and classified systems were not compromised.</p>
<p>An unnamed official told Politico that the attempted hack was essentially an isolated incident in which a staffer received an email carrying a malware attachment. To be clear, everything is cool now and rogue Chinese hackers won't be taking control of the suitcase containing nuclear launch codes any time soon:<!--more--></p>
<blockquote><p>None of the White House’s secure, classified computer systems were affected, said the official, who reached out to POLITICO after the Free Beacon story appeared — without having been asked for comment. Nor had there been any attempted breach of a classified system, according to the official.</p></blockquote>
<p>As Politico notes, the Washington Free Beacon, which broke the news of the attack, has a <a href="http://freebeacon.com/dems-apparently-blind-to-bad-economic-news/" target="_blank">clear</a> right wing <a href="http://freebeacon.com/new-mexico-state-rep-arrested-in-las-vegas/" target="_blank">agenda</a> and has worked to portray the current administration as weak on foreign policy. The same site has also alleged that Russian nuclear subs were patrolling in U.S. territory, a charge denied by the Department of Defense.</p>
<p>There's no doubt there are teams of possibly Chinese government-sponsored hackers at work attempting to dig into all sorts of Western systems--Telvent Canada, an energy industry giant, <a href="http://betabeat.com/2012/09/chinese-hackers-targeting-major-energy-companies/" target="_blank">was hacked sometime around Sept. 11</a>.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_26854" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/01/hack.jpg"><img class="size-medium wp-image-26854" title="hack" src="http://nyobetabeat.files.wordpress.com/2012/01/hack.jpg?w=300" alt="" width="300" height="90" /></a><p class="wp-caption-text">Screenshot from http://zone-h.org/archive</p></div></p>
<p>In response to a <a href="http://freebeacon.com/white-house-hack-attack/" target="_blank">right wing website's allegation</a> they sustained a cyber attack from Chinese hackers, the White House has <a href="http://www.politico.com/news/stories/1012/81847.html?hp=l5" target="_blank">admitted to Politico</a> that the attack occurred. However, the Obama Administration insists no data was stolen and classified systems were not compromised.</p>
<p>An unnamed official told Politico that the attempted hack was essentially an isolated incident in which a staffer received an email carrying a malware attachment. To be clear, everything is cool now and rogue Chinese hackers won't be taking control of the suitcase containing nuclear launch codes any time soon:<!--more--></p>
<blockquote><p>None of the White House’s secure, classified computer systems were affected, said the official, who reached out to POLITICO after the Free Beacon story appeared — without having been asked for comment. Nor had there been any attempted breach of a classified system, according to the official.</p></blockquote>
<p>As Politico notes, the Washington Free Beacon, which broke the news of the attack, has a <a href="http://freebeacon.com/dems-apparently-blind-to-bad-economic-news/" target="_blank">clear</a> right wing <a href="http://freebeacon.com/new-mexico-state-rep-arrested-in-las-vegas/" target="_blank">agenda</a> and has worked to portray the current administration as weak on foreign policy. The same site has also alleged that Russian nuclear subs were patrolling in U.S. territory, a charge denied by the Department of Defense.</p>
<p>There's no doubt there are teams of possibly Chinese government-sponsored hackers at work attempting to dig into all sorts of Western systems--Telvent Canada, an energy industry giant, <a href="http://betabeat.com/2012/09/chinese-hackers-targeting-major-energy-companies/" target="_blank">was hacked sometime around Sept. 11</a>.</p>
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