China-Based Hacking of 760 Companies Shows Cyber Cold War

In one of the earliest attacks on a company, cyberspies hacked into the computer networks of POSCO, the South Korean steel giant, in July 2006, Alperovitch said. The intrusion took place the same month that the steelmaker, the third largest in the world, initiated a takeover of a large steel mill in eastern China, according to the U.S.-based Epoch Times, founded by supporters of the dissident Falun Gong spiritual sect, which first noted a link between the two events.

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