British Airways facing $229.8 million fine over 2018 hacking attack

Hackers had managed to breach BA’s defenses and had stolen customer data, including credit card details, from its app and website. On Monday, IAG, the owner of British Airways, stated the UK Information Commissioner’s Office (ICO) intends to impose a penalty of $229.8 million (183.4 million pounds) for the theft of customer data from the…

Netherlands’ ASML – a victim of Chinese corporate espionage

In its annual threat assessment, Netherland’s intelligence agency had warned that China is targeting tech companies in the Netherlands for intellectual property theft, just like it does in other countries. In a significant development, Netherland’s ASML disclosed, it has become a victim of Chinese corporate espionage. Luckily the perpetrators who had stolen information did not…

Huawei Device Co Ltd & Huawei Device USA Inc to be arraigned on Feb. 28, 2019

Huawei faces gale force headwinds with intelligence agencies linking its telecom devices as potential Trojan Horses which can be tapped by Chinese intelligence. According to information available in court filings, two units of Huawei Technologies Co Ltd are set to be arraigned on February 28 in Seattle on a 10-count indictment on charges of conspiring…

Chinese chipmaker Fujian Jinhua Integrated Circuit Co Ltd pleads not guilty in U.S. intellectual property theft case

Fujian Jinhua Integrated Circuit is a self-proclaimed national leader in China’s tech industry. On Thursday, Fujian Jinhua Integrated Circuit Co Ltd, a Chinese chipmaker pleaded not guilty to U.S. allegations that it stole trade secrets. In October 2018, U.S. authorities added, Fujian Jinhua to the list of entities that cannot purchase components, technology or software…

Chinese hackers stole missile plans from U.S. Navy contractors

According to the U.S. National Security Agency, Chinese cyber activity in the United States has risen in recent months with the bulk of these attacks aimed at disrupting critical infrastructure. The Wall Street Journal has reported, Chinese hackers have been able to breach and steal a slew of documents,including missile plans, from U.S. Navy contractors…

South Korean prosecutors indict 9 for leaking Samsung Display’s OLED 3D lamination technology to China

South Korea’s Suwon District Prosecutors’ Office has concluded that Samsung Display 150 billion 3D lamination technology was sold by the CEO and 8 employees of Toptec Co Ltd for $13.85 million to China. In a development that goes to corroborate much of the narrative coming out of the United States and which underscores one of…