The United States has indicted five Chinese army officers with hacking into private-sector American companies in a bid for competitive advantage.
Attorney General Eric Holder said the alleged breaches were 'significant' and demanded 'an aggressive response'.
According to the BBC, US prosecutors said the officers stole trade secrets and internal documents from five companies and a labour union.
China denied the charges and warned the case would harm US-China relations.
Holder said a grand jury had laid hacking charges against the Chinese nationals, the first against 'known state actors for infiltrating US commercial targets by cyber means,' the report said.
He identified the alleged victims as Westinghouse Electric, US Steel, Alcoa Inc, Allegheny Technologies, SolarWorld and the US Steelworkers Union.
He said the US government rejected economic espionage as a trade tactic.
In response to the charges, the Chinese government said its 'stance on the issue of internet security is consistent and clear', the report added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
