cyberespionage

Shanghai Daily reports:
A UNITED States House committee is investigating the proposed US$2.2 billion acquisition of 3Com Corp by Bain Capital LLC and China’s Huawei Technologies Co, a deal that has sparked national-security concerns in Washington.
The Energy and Commerce Committee requested information from the US Treasury Department on its investigation of the proposed transaction, Committee Chairman [...]
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In early October Bain Capital submitted their acquisition of 3Com to review by the Committee on Foreign Investment in the United States (CFIUS). The Organization for International Investment explains the review process:After a transaction has been filed, CFIUS conducts an initial review, utilizing the full intelligence and national security infrastructure of the U.S. government, [...]
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China Tradezone provides an update on the Germany-China cyberespionage brouhaha:Hans Elmar Remberg, vice president of the German Office for the Protection of the Constitution, told a Berlin conference on industrial espionage that his country was involved in “the Chinese cyber war”.“In our view, state Chinese interests stand behind these digital attacks,” Reuters reported.“Supporting this view [...]
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The filing is meant to address the national security concerns over the acquisition of a minority stake in 3Com by a Chinese firm, Huawei. It certainly succeeds. The document is clearly and concisely written and rather pointed in dismissing the hysteria. However, reading a little deeper into it reveals a more subtle [...]
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A roundup of the latest news on the 3Com, Bain Capital, Huawei deal.3Com: To boldly follow where others have been before3Com expects to become profitable in four years. Their CFO was quoted in Shanghai Daily:The company will earn a profit “around” 2011 as sales rise about 60 percent from last year to US$2 billion, [...]
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Computerworld reports:3Com Corp. announced on Friday that it has agreed to be acquired by a unit of investment firm Bain Capital LLC in a $2.2 billion deal that will also result in an affiliate of former joint venture partner Huawei Technologies Co. taking a minority stake in 3Com.In addition, 3Com said China-based Shenzhen Huawei Investment [...]
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The Financial Times reports an interesting twist in the ongoing cyberespionage brouhaha:The September edition of the Chinese Cadres Tribune was recalled quietly from circulation and replaced with a version that did not include the five-page article by Lou Qinjian, vice-minister of the Ministry of Information Industry.…Russell Leigh Moses, a political analyst in Beijing, said Mr [...]
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China’s Vice Minister of Information Industry Lou Qinjian has written that China is a victim of cyberespionage, according to Reuters. Writing in the Chinese Cadres Tribune, Lou states:“The Internet has become the main technological channel for external espionage activities against our core, vital departments,…”“In recent years Party, government and military organs and national defense [...]
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Well my heavens! Now the French are saying they’re being attacked in cyberspace. From Agence France-Presse:French information systems fell prey to cyber attacks “involving China”, similar to those reported by the US, British and German governments, a top French security offical told AFP on Saturday.“We have indications that our information systems were the [...]
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The Associated Press adds an interesting twist regarding the Chinese government’s response to the kerfuffle over the cyberespionage allegations:China on Thursday denied targeting foreign government and military computer networks and said it has not been asked by any nation to investigate alleged hacking……Although the issue was raised during a meeting between German Chancellor Angela Merkel [...]
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