Ex-NSA Head: Chinese Hacking is ‘The Greatest Transfer of Wealth in History’

Source: National Cyber Security – Produced By Gregory Evans

Ex-NSA Head: Chinese Hacking is ‘The Greatest Transfer of Wealth in History’

Former National Security Agency and U.S. Cyber Command head Gen. Keith Alexander told Congress Tuesday it’s possible to stop China’s endless campaign of economic espionage and hacking with help from the private sector. “All they’re doing is stealing everything they can to grow their economy,” Alexander told the Senate Armed Services Committee Tuesday. “It’s intellectual property, it’s our future. I think it’s the greatest transfer of wealth in history.” “And interestingly, we could stop that,” Alexander continued. “I believe that, I really do.” The former commander of U.S. Cyber Command said that could be accomplished by having the tech industry work directly with the government to share data on attacks launched against their networks, and take part in cyber exercises with intelligence and defense agencies. “Industry is willing to pay their portion for cyber defense,” Alexander said. “I’m convinced of that.” The ex-NSA director knows that better than most. Since retiring from his dual government posts in 2014 in the wake of the Snowden leaks, Alexander has spent the last year establishing his own security-focused tech startup — IronNet Cybersecurity — to contract with financial, infrastructural and tech firms to boost their cyber defenses for a consulting fee reportedly in the […]

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