CrowdStrike has pulled back the covers on a Chinese cyber espionage operation from 2010 to 2015 to exfiltrate IP from Western aerospace firms in order to develop its C919 passenger jet. The jet, which made its maiden flight in 2017, is powered by a Chinese-made turbofan engine that seems to be suspiciously like a turbofan from American-French company CFM International. CrowdStrike suspects TURBINE PANDA, a mixed group of Chinese hackers and intelligence officers from the Ministry of State Security’s Jiangsu Bureau.
TURBINE PANDA / the C919 is the latest puzzle piece creating a picture of a massive, multi-year, worldwide campaign by China to steal IP in order to support its commercial jet development program, says Steve Ward, RiskLens Marketing VP.
Steve has been warning for years about this threat – see his Fox News Interview from back in 2013 – and the potential financial impact to be felt by China’s years long IP theft campaigns – Steve calls it “Chinese digital water torture.”
In this podcast, Steve lays out how we got here and what organizations can do to protect their competitive future.
Some of Steve’s key points:
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