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UK and China Shake Hands on Cyber IP-Theft Deal

23/10/2015 by

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The UK and China have agreed not to engage in economic cybercrime against one another in a deal reminiscent of that struck between the People’s Republic and the US nearly a month ago.

The agreement was mentioned in a lengthy joint statement on Thursday during president Xi Jinping’s week-long stay in the UK.

The relevant passage has the following:

“The UK and China agree to establish a high-level security dialogue to strengthen exchanges and cooperation on security issues such as non-proliferation, organised crime, cybercrime and illegal immigration. The UK and China agree not to conduct or support cyber-enabled theft of intellectual property, trade secrets or confidential business information with the intent of providing competitive advantage.”

There’s no indication whether the “agreement” has any legal weight, although regardless it could be little more than empty political rhetoric if what has happened in the US is anything to go by.

Threat intelligence firm CrowdStrike warned on Monday that it had “detected and prevented” multiple intrusions targeted at customers’ systems by Chinese state-linked hackers over the past three weeks.

This article has been extracted from http://www.infosecurity-magazine.com, please click on this link to read the article in full http://www.infosecurity-magazine.com/news/uk-and-china-shake-hands-on-cyber/​

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