Subscribe to RSS

Twenty-five Percent of U.S. Companies in China Have had Data Stolen

Posted on 31. Mar, 2013 by in Technology, Technology Featured

March 31, 2013- Over 25% of U.S. companies, operating inside China have had a theft, breach of proprietary trade secrets or other data, according to a recent survey that was conducted in China by the American Chamber of Commerce.

Twenty-five Percent of U.S. Companies in China Have had Data Stolen

Twenty-five Percent of U.S. Companies in China Have had Data Stolen

Many of those same businesses owned by American’s that operate in China also reported they worried often about data security, with more than 40% of those answering the survey saying there had been an increase in the risk of data breaches. Over 53% of those surveyed said the risk remained static, while 5% said it had decreased. This creates a very big obstacle for companies operating in China, especially when other concerns already are present such as intellectual property rights being enforced and de facto transfer requirements for technology.

Close to 78% of the businesses expressed, they were optimistic over the future of the next two years. The percentage that said the investment environment was improving fell to 28% in 2012 from 43% in 2011.

Slower growth economically and rising costs of labor in China were what was cited most frequently as the biggest risks that face foreign businesses operating inside China. This survey was conducted in November of December of last year and included more than 325 businesses that responded.

This report was released amidst increased tensions between the U.S. and China over issues pertaining to computer hacking and cyber security. In February, a cyber security company from the U.S. linked one of the most prolific computer hacking group’s in the world to the government of China, which succeeded in setting off an exchange of angry words between the two countries.

The report detailed allegations over a six-year period and said the group would systematically steal different amounts of terabytes from over 141 companies worldwide in 20 different industries.

0 comments

Other articlesgo to homepage

Nintendo turns a profit Despite Wii U Lack of Success

Nintendo turns a profit Despite Wii U Lack of Success(0)

April 24, 2013 – Nintendo, the Japanese based game company just announced its quarterly results. The company said its profit for the recently ended first quarter of 2013 was $75.3 million. However, officials from Nintendo said the company has had to endure some very difficult times. A statement from the company said weak sales of

Anonymous Wants CISPA Blackout

Anonymous Wants CISPA Blackout(0)

April 22, 2013 - The well known Hacktivist group called Anonymous has urged all websites to blackout their home pages in opposition to CISPA, the Cyber Intelligence Sharing an Protection Act. Last week, the House of Representatives in the U.S. passed the Act despite huge opposition and concerns over it impact on individual personal privacy. Because

Inexpensive devices from Intel to run Microsoft and Google

Inexpensive devices from Intel to run Microsoft and Google(0)

April 21, 2013 – Sources said that very cheap Intel-based laptops and tablets would run Microsoft and Google operating systems. Paul Otellini the CEO of Intel said earlier this week that touch devices might debut at as little as $200. However, the cheapest electronic devices might have non-Windows operating systems, which mean they might not

Apple Holds Siri Data for Two Years

Apple Holds Siri Data for Two Years(0)

April 21, 2013- New services that have been created by Google, Apple and other tech companies offer convenient tools on mobile devices that help organize daily routines both for personal and business related activities. However, those same excellent services often make it necessary that one’s person data is collected then analyzed and stored. Because of

Nokia’s See Lumia Sales Increase, by overall sales fall

Nokia’s See Lumia Sales Increase, by overall sales fall(0)

April 18, 2013 – Nokia saw a large fall in its basic phone sales, which overshadowed the good performance of its smartphone Lumia during the first quarter. The company, based in Finland, said it expected its operating margins to shrink, which helped its share price to plummet. The mobile handset maker also announced an unexpected

read more

Headlines

Genocide Trial in Guatemalan Suspended Genocide Trial in Guatemalan Suspended
One Suspect in Boston Killed, one on the run One Suspect in Boston Killed, one on the run
Musharraf Flees as Bail is Revoked Musharraf Flees as Bail is Revoked
Some Say New Immigration Bill too Stringent Some Say New Immigration Bill too Stringent
read more