Chinese Spies Charged for Equifax Breach- Comment

Recently, we are hearing more about the charge of Chinese spies for the 2017 Equifax breach, particularly in the US.

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As this news is surfacing, the US National Counterintelligence and Security Centre has also published a report suggesting that “More foreign countries, militias and other groups are targeting US intelligence agencies with hacking … Not only that, but they’re increasingly targeting the private sector and government agencies that aren’t directly involved in national security”.

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In response to the Equifax Breach story and the recent report publication, Rosa Smothers, Senior VP of Cyber Operations at KnowBe4, has given the following comment:

“The DNI’s CI report indicates the private sector is increasingly a target of state-sponsored hacking efforts. The recent charges filed against four Chinese intelligence officers for hacking the credit reporting giant Equifax is a prime of example of state-sponsored hacking to uncover sensitive information. The credit rating data provided could indicate a target’s financial vulnerability, which can then be used against them for China’s gain. This is the “spot” in our old Agency adage “spot, assess and recruit.”