Source: National Cyber Security – Produced By Gregory Evans
The world’s richest nations have agreed for the first time to abstain, in principle, from hacking for commercial gain. At the G20 conference attended by countries including the US, China, Russia, France, and Germany, world leaders agreed that “no country should conduct or support [computer]-enabled theft of intellectual property […] with the intent of providing competitive advantages to companies or commercial sectors.” This is by no means a legally binding agreement, but some argue that it gives countries justification if they want to react to future acts of economically-motivated hacking. “Words have an effect, and people have now committed not to do this,” cyber-policy expert James A. Lewis told The Washington Post, adding that if a country breaks the promise “you respond,” for example, with economic sanctions. However, past evidence suggests that it’s economic threats like these — rather than publicly-announced agreements — that carry the real weight, and even then, such warnings can go ignored. The case in point is the ongoing dispute over economic espionage between the US and China, with claims earlier this year that Chinese hackers linked to the country’s military had targeted more than a hundred American companies, including Coca-Cola and the security firm RSA. In September, the […]
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