A notorious Chinese hacking group has surged its activities against US government agencies and private companies. The unknown hacker group is said to be targeting the same institutions in other countries, as per the reports by the consulting giant PricewaterhouseCoopers.
The elite Chinese group is believed to have ties with operatives indicted by a US grand jury in 2020 and has been marked by the FBI as one of the most prolific groups among the rest of the governments in the world combined.
The US Justice Department is expected to reveal the actors behind this cyber espionage movement. As per reports, the Chinese hacker groups are targeting American companies by stealing intellectual property and damaging them beyond repair.
Chinese hacker groups reach their peak in activities
According to sources, Chinese hacker groups have developed counterattacks in response to modern threat detection systems and have new tools at their disposal to alter their operations. Last year, a popular Chinese threat group targeted over a dozen organizations, including government agencies and tech firms in the US.
The hackers cover many targets, including trade, cryptocurrency, and technology companies. One of the individuals who has been tracking the China-based hacking groups, McConkey, denoted that these hackers are by far the most impactful hacking group that the US is facing right now. In 2022, the hackers successfully targeted large-scale corporations and government organizations in over 35 countries.
China has denied allegations by the US against the hacking practice being nurtured in the capitalist system of the Chinese government. According to a report by CNN, Beijing has accused Washington state of being the main culprit in conducting cyber operations against the Chinese regime.
The FBI and US Justice Department have been collaborating with private researchers in their investigation of foreign hackers and have had multiple instances where hackers from China, Iran, and other nations have been identified as the major participants in cyber espionage in the US.
