Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

9/27/2015
07:20 PM
50%
50%

China, US Agree To Not Conduct Cyberespionage For Economic Gain

Pledge applies to stealing trade secrets but stops short of banning traditional espionage via hacking.

In a historic move, Chinese president Xi Jinping and US President Barack Obama on Friday came to an agreement promising that neither nation would engage in cyber espionage for economic gain.

Cyberspying has been a notoriously prolific US strategy for China, with the US among its top targets. But China has vehemently denied any such hacking activity. In a press briefing, Obama reportedly called it a first step and "common understanding," but appeared cautiously optimistic about the final agreement. "The question now is, are words followed by actions?" he said of China's cooperation.

The US has maintained that it does not conduct cyberspying for economic gain for US companies. Xi and Obama's meeting of the minds comes at a time when the administration has promised sanctions for foreign or other hackers that hack into US companies or organizations for economic gain and stealing intellectual property. Sanctions are still a tool the administration plans to keep in its toolkit.

Security experst are skeptical that any official deal can ultimately be struck. "There will be no cybersecurity deal, due to a number of factors. The key one being that in order to even agree not to attack critical infrastructure they would have to admit they have the capability to do so, as well as possibly disclose some of those capabilities. This process could reveal attacks and reconnaissance already conducted, which is a particular challenge for China as they have taken a stance of complete innocence when it comes to cyber war and espionage to the point of claiming naivety," says Ken Westin, senior security analyst with Tripwire.

But the Information Technology Industry Council (ITIC) lauded the agreement between the two presidents. "This agreement finally starts a sustained dialogue where there was very little communication. It illustrates a spirit of cooperation on a sensitive issue, which is a positive signal to technology companies," said Dean Garfield, president and CEO of the Information Technology Industry Council, which has been involved with talks between the US and China on the topic. "We will work to ensure this cooperation on cybersecurity will be a bridge to improved market access for global technology companies. ITI and its members, which include the world’s most innovative companies, will continue to work with both governments to further mutual understanding and ensure implementation of these commitments."

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
<<   <   Page 2 / 2
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Ninja
9/27/2015 | 11:07:18 PM
Oh boy
I also hear that, under the agreement, China has sold us the Brooklyn Bridge!
<<   <   Page 2 / 2
Commentary
What the FedEx Logo Taught Me About Cybersecurity
Matt Shea, Head of Federal @ MixMode,  6/4/2021
Edge-DRsplash-10-edge-articles
A View From Inside a Deception
Sara Peters, Senior Editor at Dark Reading,  6/2/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-21554
PUBLISHED: 2021-06-14
Dell PowerEdge R640, R740, R740XD, R840, R940, R940xa, MX740c, MX840c, and, Dell Precision 7920 Rack Workstation BIOS contain a stack-based buffer overflow vulnerability in systems with Intel Optane DC Persistent Memory installed. A local malicious user with high privileges may potentially exploit t...
CVE-2021-21555
PUBLISHED: 2021-06-14
Dell PowerEdge R640, R740, R740XD, R840, R940, R940xa, MX740c, MX840c, and T640 Server BIOS contain a heap-based buffer overflow vulnerability in systems with NVDIMM-N installed. A local malicious user with high privileges may potentially exploit this vulnerability, leading to a denial of Service, a...
CVE-2021-21556
PUBLISHED: 2021-06-14
Dell PowerEdge R640, R740, R740XD, R840, R940, R940xa, MX740c, MX840c, and T640 Server BIOS contain a stack-based buffer overflow vulnerability in systems with NVDIMM-N installed. A local malicious user with high privileges may potentially exploit this vulnerability, leading to a denial of Service, ...
CVE-2021-21557
PUBLISHED: 2021-06-14
Dell PowerEdge Server BIOS and select Dell Precision Rack BIOS contain an out-of-bounds array access vulnerability. A local malicious user with high privileges may potentially exploit this vulnerability, leading to a denial of service, arbitrary code execution, or information disclosure in System Ma...
CVE-2021-32682
PUBLISHED: 2021-06-14
elFinder is an open-source file manager for web, written in JavaScript using jQuery UI. Several vulnerabilities affect elFinder 2.1.58. These vulnerabilities can allow an attacker to execute arbitrary code and commands on the server hosting the elFinder PHP connector, even with minimal configuration...