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Or, if the Chinese government won't buy it, the hackers-for-hire "turn from cyber mercenaries into cyber dealers," selling access

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"This leads to a less secure environment that is ripe for further lawlessness," Leatherman said.

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Summary

China's "hacker-for-hire ecosystem has gotten out of control," according to Brett Leatherman, assistant director of the FBI's cyber division. This ecosystem includes private technology companies operating at the behest of the PRC's intelligence agencies while allowing Beijing to maintain plausible deniability. "Motivated by profit, this network of private companies and contractors in China cast a wide net to identify vulnerable computers, exploit those computers, and then identify information that it could sell directly or indirectly to the PRC government," Leatherman told reporters on Thursday. Or, if the Chinese government won't buy it, the hackers-for-hire "turn from cyber mercenaries into cyber dealers," selling access to the compromised systems and stolen data to third parties on the dark web.

Read full article at The Register →

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