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Table of Contents

Lead Story

Women redefining payments

News

Industry Update

Reprieve for websites objecting to $7.25 billion settlement

DOD accuses China of cyber attacks

TSGPX outperforms S&P 500

SheerID dignifies military via discounts at golf events

Valitor ordered to process WikiLeaks donations

ETA 2013: A hub for payments innovation

Selling Prepaid

Prepaid in brief

Prepaid fraudsters busted

SparkBase finds convenience with Passbook

Views

Electronic billing and payments: green and cool

Patti Murphy
ProScribes Inc.

Taking the checkbook away, or not

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
Seven reasons to love this job

Dale S. Laszig
Castles Technology Co. Ltd.

NFC - not just payment

Barry Mosteller
CPI Card Group

Ethics and sales success

Jeff Fortney
Clearent LLC

Sell what people really want to buy

Nancy Drexler
Acquired Marketing

Company Profile

Kabbage Inc.

New Products

Free POS system with mobile branding capabilities

Harbortouch/Tabbedout POS system
Company: Harbortouch

Inspiration

It takes emotional talent

Departments

Readers Speak

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

May 27, 2013  •  Issue 13:05:02

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DOD accuses China of cyber attacks

A report submitted to Congress by the U.S. Department of Defense May 6, 2013, marked the first time the U.S. government has publicly accused the People's Republic of China and the Chinese military of launching computer-based attacks to steal information from U.S. companies and government agencies.

Pentagon accusations

The DOD's report, titled Annual Report to Congress: Military and Security Developments Involving the People's Republic of China, stated, "Many of the organizations composing China's military-industrial complex have both military and civilian research and development functions." The report also noted that a network of government-affiliated companies and research centers allows China's People's Liberation Army access to sensitive U.S. technologies and expertise. And it cited a number of cases of Chinese-sponsored industrial espionage against the United States or U.S. companies.

David Halvey, Deputy Assistant Secretary of Defense, said at a press conference introducing the report, "China's military continues to explore the role of military operations in cyberspace as a feature of modern warfare and continues to develop doctrine training and exercises, which emphasize information technology and operations. In addition, in 2012, numerous computer systems around the world, including those owned by the United States government, continued to be targeted for intrusions, some of which appear to be attributable directly to the PRC government and military organizations."

Support and denial

Previously, Mandiant Corp. had released research analyzing intrusions in the systems of nearly 150 breach victims around the world over a span of seven years. That research, released in February 2013, concluded a secret section of China's PLA was behind those intrusions. Mandiant's report stated the secret branch of the Chinese military known as Unit 61398 has "systematically stolen hundreds of terabytes of data from at least 141 organizations, and has demonstrated the capability and intent to steal from dozens of others simultaneously."

The Chinese government's Xinhua News Agency reported on May 7, 2013, that a senior Chinese military official denied the Chinese government has ever sanctioned hacking activities. Wang Xinjun, a PLA Academy of Military Sciences researcher, said the Pentagon assertion that the Chinese are hacking into the computers of American government agencies and private companies is "irresponsible." He called the Pentagon report, "an allegation based on supposition" reflecting the American government's distrust of China.

For additional news stories, please visit www.greensheet.com and click on "Read the Entire Story" in the center column below the latest news story excerpt. This will take you to the full text of that story, followed by all other news stories posted online.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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