The heads of the FBI and MI5 have warned that China is carrying out cyber espionage on a massive scale, carrying out more hacking than every other major country combined.
In their first ever joint address, MI5 director general Ken McCallum and FBI director Chris Wray warned that China represents the biggest long-term threat to economic and national security.
"If you are involved in cutting-edge tech, AI, advanced research or product development, the chances are your know-how is of material interest to the CCP," said McCallum. "And if you have, or are trying for, a presence in the Chinese market, you’ll be subject to more attention than you might think. It’s been described as 'the biggest wealth transfer in human history'."
He said that MI5 is now running seven times as many investigations into Chinese activity as it was in 2018; meanwhile, the FBI is opening two new counterintelligence investigations into China per day. The comments were made at a speech to business leaders and senior academics at MI5 headquarters in Thames House, London."They identify key technologies needed to dominate markets, like the ones they highlight in their Made in China 2025 plan.
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