- Microsoft, along with Western intelligence agencies, has blamed a Chinese state-sponsored hacker group for spying on several critical infrastructure organizations in the United States.
- The Chinese hackers have also targeted Guam, an American island territory that is home to strategically important military bases, according to reports by Microsoft and Reuters.
- The National Security Agency (NSA) worked with its partners from Canada, New Zealand, Australia, the UK, and the US Federal Bureau of Investigation to identify breaches. Several countries warned against becoming targets of hacking.
- According to analysts, this is one of the most extensive cyber-espionage campaigns launched by China against critical American infrastructure.
- Microsoft identified the hacking group ‘Volt Typhoon’ and found that they have developed capabilities to disrupt critical communications infrastructure between the US and Asia region during future crises.
- The Chinese hacking group has targeted several industries, including communications, manufacturing, utility, transportation, construction, maritime, government, information technology, and education, since at least 2021.
- China has denied the hacking allegations.
- Price Action: MSFT shares were trading up 3% at $323.22 as of last check on Thursday.
- Photo by Darwin Laganzon via Pixabay
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.