Massive Global Cyberattack Targeting U.S., U.N. Discovered; Experts Blame China

The world’s most extensive case of cyber-espionage, including attacks on U.S. government and U.N. computers, is set to be revealed Wednesday by online security firm McAfee, and analysts are speculating that China is behind the attacks.
 
The spying was dubbed “Operation Shady RAT,” or “remote access tool” by McAfee — and it led to a massive loss of information that poses a huge economic threat, wrote vice president of threat research Dmitri Alperovitch.

“What is happening to all this data — by now reaching petabytes as a whole — is still largely an open question,” Alperovitch wrote on a blog detailing the threat. “However, if even a fraction of it is used to build better competing products or beat a competitor at a key negotiation (due to having stolen the other team’s playbook), the loss represents a massive economic threat.”
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