FBI Director Issues New Cybersecurity Warning on China

FBI Director Christopher Wray warned Western companies that China aims to “ransack” their intellectual property so it can eventually dominate key industries, escalating a dispute between the world’s two largest economies over hacking.

The Asian nation’s spies were snooping on “companies everywhere from big cities to small towns -- from Fortune 100s to start-ups, folks that focus on everything from aviation, to AI, to pharma,” Wray said in remarks to a gathering of business leaders and academics in London. He appeared alongside the head of MI5, Ken McCallum -- the first time the heads of the Federal Bureau of Investigation and the UK’s domestic counter-intelligence agency have shared a forum.

Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.

Connect with us on…

[rodhancock]

There’s enough crime in your own department to choke a donkey or at least an elephant.

[janetprice]

FBI? I did not know they still investigated crimes? Lol!

[pauljames]

I'm pretty sure Trump sounded this alarm when he was president about that stupid TikTok app but people blew back at him saying he was acting like a dictator.

[yvonneortiz]

But yet the president is selling them our oil water joke.

[larrymarshall]

you would think that a story this big would be giving more than just 30 sec..

[juanzacatelco]

Say the person that allows tick tock to run free huh 😏 🤔 I guess we're blind or def because we don't get the count down tic toc

[tomhenry]

Yet said trump was lying when he brought it up what’s changed

[dBFRESH]

the fbi right they did this to 2 of my company web sites after i order merchandise from alibaba through china

[atilax]

Maybe Wray should get the traitors out of the white house, instead of aiding them in their treason.

[nottiification]

Well i sure hope we pour a ton of tax money into protecting our tax-dodging megacorps that dodge taxes & dont pay taxes and contribute nothing to our coffers because they dont pay taxes.
I sure hope the middle class gets to pay for that, sure would hate for those CEO's to miss a payment on one of their 7 yachts.

[bbhumperdinck]

It's time to get rid of tick tock

[MelaninMagdalene]

6G and Quantum Computing (which China is ahead ) will make encryption obsolete.

[kekionw]

Maybe letting them get away with it is the problem. I guess we're gonna keep our tariffs ongoing then?

[federalauditsabatordetecte]

It's ok the knowledge needed for the ♾️ is hidden in the pineal gland

[phuckcommies]

We all know you guys want to shut the power off bring it on

[rodhancock]

There’s enough crime in your own department to choke a donkey or at least an elephant.

[rocknrobert]

China is going to eat America's lunch lol

[FirstNameLastName-wtto]

Not true ⛳️ coming. This has always been happening. Nothing new to report so why now?

[richardmartinez]

I hop the do not mess with western union.

[elilevine]

I’m considering this Was a suggestion approximately a decade ago from somebody in a government position…